Major African stock markets ended Wednesday’s trading session on a mixed note, with contrasting performances recorded on the Nigerian, Nairobi, and Ghana stock exchanges, reflecting varying investor sentiment across the region.
On the Nigerian Stock Exchange (NGX), trading activity slowed compared with the previous session. A total of 651,177,937 shares were exchanged in 25,180 deals, representing a market value of ₦19.0 billion.
Relative to trading on Tuesday, December 16, the market recorded a 29 per cent decline in traded volume and a 6 per cent drop in turnover. However, the number of deals rose by 6 per cent, suggesting sustained participation despite reduced volumes. The NGX’s total market capitalisation stood at ₦95.6 trillion at the close of the session.
In contrast, the Nairobi Securities Exchange (NSE) posted a stronger performance, driven by increased trading activity and value. The exchange recorded 23,614,260 shares traded across 3,919 deals, with a total turnover of KES 822.84 million.
Compared with the previous trading day, the NSE saw a 35 per cent improvement in volume and a 56 per cent surge in turnover, even as the number of deals declined by 11 per cent. Market capitalisation on the Nairobi bourse closed at KES 2.83 trillion.
Meanwhile, the Ghana Stock Exchange (GSE) recorded mixed results, with trading volumes improving but overall value declining sharply. A total of 4,833,127 shares were traded during the session, valued at GHS 6.61 million.
News.ng reports that this represented a 5 per cent increase in volume compared with the previous day, but turnover fell by 66 per cent, indicating that lower-priced transactions dominated the market. The GSE’s total market capitalisation stood at GHS 166.7 billion.
Overall, the day’s trading highlighted divergent trends across Africa’s leading exchanges, as investors reacted differently to local market conditions and liquidity dynamics.
