Guinness, Livestock Feeds Lead Gainers as NGX Closes Lower

The Nigerian stock market closed lower on Monday, with market capitalisation settling at N160.85 trillion and the All-Share Index declining to 247,736.24 points. Trading activity recorded 52,891 deals, with investors exchanging 405.36 million shares across the market.

Market data showed the All-Share Index fluctuated between a high of 250,273.50 points and a low of 247,736.24 points during the preceding weekly trading period, with an average of 248,902.51 points.

Gainers: Guinness, Livestock Feeds Lead

FGSUK2031S4 led the gainers, rising from N78.03 to N98.93, a gain of N20.89 or 26.77%.

UPDC Real Estate Investment Trust advanced from N24.00 to N26.40, adding N2.40 or 10.00%. Neimeth International Pharmaceuticals increased from N7.00 to N7.70, gaining N0.70 or 10.00%.

Guinness Nigeria climbed from N384.80 to N423.00, adding N38.20 or 9.93%. Livestock Feeds rose from N13.15 to N14.45, gaining N1.30 or 9.89%.

Losers: Sunu Assurances, Oando Fall

Sunu Assurances fell from N3.25 to N2.93, losing N0.32 or 9.85%. Consolidated Hallmark Financial Services dropped from N3.58 to N3.23, shedding N0.35 or 9.78%.

Oando declined from N36.40 to N33.65, losing N2.75 or 7.55%. LivingTrust Mortgage Bank fell from N3.20 to N3.00, shedding N0.20 or 6.25%. Zichis Agro Allied Industries dropped from N17.05 to N16.00, losing N1.05 or 6.16%.

Access Holdings, Zenith Bank Top Volume Chart

Access Holdings led the most actively traded stocks with 33.28 million shares valued at N956.0 million. Zenith Bank recorded 27.98 million shares worth N3.63 billion. Together, the two banks accounted for 61.26 million shares worth about N4.59 billion.

Jaiz Bank traded 27.61 million shares valued at N211.39 million. Regency Alliance Insurance recorded 27.15 million shares worth N22.66 million, while FCMB Group exchanged 26.22 million shares valued at N288.54 million.

Dangote Refinery IPO Deadline Extended

Dangote Group has extended the deadline for investors to apply for shares in Dangote Petroleum Refinery and Petrochemicals by two weeks, giving prospective shareholders more time to participate in the offer.

The initial public offering opened on September 14 and is expected to become Africa's largest share sale. The extension follows strong investor interest across Africa and is intended to broaden access to the offer.

The mixed session leaves the market searching for direction, with banking stocks still dominating volume. For Nigerian investors, the heavy turnover in Access Holdings and Zenith Bank suggests continued appetite for financial sector names even as the broader index slips.