Nigeria’s equities market advanced at the start of the week, with the Nigerian Exchange Limited (NGX) pushing market capitalisation close to ₦126 trillion following renewed buying interest across major sectors.
Investors added approximately ₦804.56 billion in value during Monday’s trading session, driven largely by bargain hunting in mid- and large-cap stocks.
Market Performance Snapshot
The benchmark NGX All-Share Index climbed by 1,252.88 points — a 0.64% increase — to close at 196,242.65. Similarly, total market capitalisation rose 0.63% to ₦125.97 trillion.
While price momentum remained positive, trading metrics showed mixed signals:
- Total volume traded surged by 45.82%
- Total transaction value declined slightly by 2.19%
Market data indicated that 1.196 billion shares worth ₦27.70 billion were exchanged across 92,099 deals.
Most Active Stocks
JAPAULGOLD led trading activity, accounting for 36.96% of total volume executed during the session. Other actively traded equities included:
- CHAMS (4.02%)
- JAIZBANK (3.76%)
- NSLTECH (3.61%)
- MBENEFIT (3.31%)
In value terms, ARADEL dominated with 13.17% of total traded value.
Top Gainers and Decliners
On the performance chart, FTGINSURE and OKOMUOIL recorded the highest gains at 10.00% each. They were followed closely by:
- FIDSON (+9.90%)
- NPFMCRFBK (+9.89%)
- INFINITY (+9.84%)
- SKYAVN (+9.83%)
- AIICO (+9.52%)
However, market breadth closed negative as 34 stocks declined against 32 gainers.
TIP led the losers with a 10.00% drop, trailed by DEAPCAP (-9.97%), LIVINGTRUST (-9.92%), MULTIVERSE (-9.92%), ELLAHLAKES (-9.77%), and OMATEK (-8.62%).
Sectoral Breakdown
Four of six major sector indices closed higher:
- Insurance Index (+3.42%), supported by gains in AIICO, MANSARD, and MBENEFIT
- Banking Index (+1.44%), buoyed by ZENITHBANK
- Industrial Goods Index (+1.30%), lifted by BUACEMENT
- Commodity Index (+0.71%), strengthened by OKOMUOIL
Meanwhile:
- Oil & Gas Index (-0.20%) declined amid selloffs in OANDO
- Consumer Goods Index (-0.11%) slipped due to weakness in MULTIVERSE
Despite mixed breadth, the upward movement in key large-cap counters sustained overall market optimism, pushing valuations toward record territory.
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