NGX All-Share Index (ASI) appreciated by 0.62% on Monday

• The NGX All-Share Index (ASI) appreciated by 0.62%, closing at 106,698.50 points, while the market capitalisation rose by approximately N412.25bn to N67.06tn, reflecting broad market optimism. This marked a continuation of the positive trajectory driven by strong investor appetite across key non-financial sectors despite weakness in banking stocks. Consumer Goods led sector gains, up +2.90%, propelled by gains in CADBURY (+9.87%), NB (+8.48%), DANGSUGAR (+5.71%), and INTBREW (+7.50%). Insurance advanced +2.69%, supported by upward movements in GUINEAINS (+7.81%), MANSARD (+5.80%), and REGALINS (+8.47%). 
• Volume traded declined by 0.75% to 569.04mn units, indicating slightly lower participation. Value traded spiked significantly by 24.12% to N18.93bn, pointing to concentration in higher-value stocks and increased institutional activity. GTCO emerged as the top value driver, contributing N5.56bn (29.35%) to the total turnover, while FIRSTHOLDCO dominated the volume chart with 18.63% share of total units traded. 
• BETAGLAS topped the gainers’ chart with a +9.97% increase to N120.75, supported by strong investor demand and low free float..
• CADBURY (+9.87%) and TIP (+9.90%) attracted significant buy-side interest following impressive earnings and industry tailwinds. CAVERTON (+9.77%) and MULTIVERSE (+9.45%) also posted sharp gains, suggesting renewed interest in mid-cap and resource-linked stocks. The rally in these tickers indicates a rotational shift toward fundamentally undervalued and speculative momentum-driven counters.

NASD SUMMARY

• The NASD OTC market experienced a significant decline in activity today, with daily trade volume plunging by 99.77% to just 19,920 units and total value traded dropping 94.46% to N872,687 indicating a sharp contraction in investor participation. 
• Despite the flat NSI at 3,289.7 points and stable market capitalisation at N1.93tn, the 37.5% drop in trade count suggests weakening liquidity and subdued sentiment in the OTC space.  SOURCE: Coronation Securities Limited