Investors added N62 billion to their portfolios on Monday as the Nigerian stock market opened the week on a firm footing. The Nigerian Exchange Limited (NGX) market capitalization rose by N62 billion, or 0.36%, moving from N155.994 trillion to N156.056 trillion at the end of trading on Monday, compared with the level recorded last Thursday.
Market overview: capitalization, index and year-to-date gains
The All-Share Index increased by 881.16 points, also equivalent to 0.36%, to close at 243,158.97. That compared with 242,277.81 in the previous session. With the uptick, the Year-to-Date (YTD) return improved to 56.26%.
Market breadth stayed in positive territory, with 43 advancing stocks against 34 that declined.
Top performers and laggards on Monday
- FTN Cocoa Processors and Consolidated Hallmark were among the strongest names, each climbing by 10% to settle at N6.05 and N5.72 per share, respectively.
- CAP gained 9.99% and closed at N159.70.
- AIICO Insurance rose 9.98%, finishing at N4.74 per share.
- Dangote Sugar advanced 9.97% to end the session at N76.65 per share.
- Nigerian Aviation Handling Company led the declines, dropping 23% to close at N198.68.
- International Energy Insurance, UPDC, Learn Africa, and Nem Insurance were also listed among the day’s losers.
Trading activity softens despite positive closes
Although prices finished higher overall, activity on the exchange weakened during the session. Total traded volume fell by 48.30% to 967.47 million shares, while the value of trades declined to N43.84 billion across 122,041 deals.
- VFD Group topped trading volume with 255.35 million shares, representing 26.39% of total trades.
- Zenith Bank recorded the highest transaction value at N8.42 billion, contributing 19.20% of the day’s turnover.
