Stock market rebounds as investors gain N1.7trn

The Nigerian stock market rebounded from its previous session’s loss as investors gained N1.725 trillion on Monday, March 2, 2026.

Investors’ renewed interest in key stocks such as NGX Group, Aradel, Union Homes Real Estate Investment, Sovereign Trust Insurance, PZ, and 26 other advancing stocks contributed to the market’s positive performance.

The market capitalisation increased by N1.725 trllion or 1.39 per cent, rising from N123.763 trillion at the opening to N125.488 trillion at the close.

The All-Share Index (ASI) also advanced by 1.39 per cent, gaining 2,687.45 points to close at 195,514.23 compared to 192,826.78 reported on Friday.

This led to an increase in the Year-to-date (YTD) return, which rose to 25.64 per cent, while the market breadth closed flat with 31 gainers and 31 losers.

NGX Group led the gainers’ chart by 10 per cent, closing at N136.40, Aradel followed by 9.99 per cent, finishing at N1,992.30, while Union Homes Real Estate Investment gained by 9.96 per cent, ending the session at N76.15 per share.

Sovereign Trust Insurance soared by 9.95 per cent, settling at N2.43, and PZ Cussons increased by 9.72 per cent, closing at N79 per share.

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Conversely, Custodian Investment led the losers’ chart by 10 per cent, settling at N61.20, Mc Nicholas trailed by 9.92 per cent, ending the session at N7.63, while Africa Prudential shed by 9.75 per cent, closing at N16.20 per share.

Similarly, Chams lost by 9.11 per cent, finishing at N4.09, while Neimeth Pharmaceutical dipped by 8.23 per cent, closing at N10.60 per share.

789.8 million shares valued at N35.08 billion were traded in 84,259 deals, compared with 823.8 million shares worth N34.8 billion exchanged in 63,759 transactions on Friday.

This revealed one per cent increase in value, 32 per cent growth in deals and four per cent decline in volume.

Fortis Global Insurance recorded the highest volume with 109.07 million shares traded, accounting for 13.81 per cent of the day’s total volume.

Aradel recorded the highest value at N6.09 billion, accounting for 17.37 per cent of value traded for the day.

The Star