Trading activities across major African stock exchanges opened the week on a mixed note on Monday, with the Nigerian Stock Exchange (NGX) recording the strongest gains, while the Johannesburg Stock Exchange (JSE) and the Nairobi Securities Exchange (NSE) posted modest declines in volume and turnover.
At the close of the first weekday session, investors on the Nigerian Stock Exchange (NGX) traded 627,492,030 shares in 36,409 deals, valued at ₦24.99 billion.
The performance marked a 19% improvement in trading volume, an 8% increase in turnover, and a 19% rise in the number of deals compared with Friday, October 31. The NGX’s total market capitalisation stood at ₦97.6 trillion, underscoring renewed investor confidence and strong demand in the equities market.
In contrast, activity on the Johannesburg Stock Exchange (JSE) reflected a more cautious trading day. The bourse recorded 290,733,119 shares exchanged in 317,431 deals, corresponding to a market value of ZAR 19.46 billion. Despite a 10% improvement in the number of deals, the JSE witnessed a 13% decline in trading volume and a 22% drop in turnover compared to the previous session. The JSE’s overall market capitalisation stood at ZAR 22.7 trillion as investors weighed global market uncertainties and local economic pressures.
Meanwhile, the Nairobi Securities Exchange (NSE) experienced a relatively quiet start to the week. A total of 26,596,444 shares were traded in 5,761 deals, with a cumulative market value of KES 913.58 million. The day’s results represented a 7% dip in volume, though turnover rose by 3%, and deals improved by 16% from the previous trading session. The NSE’s total market capitalisation was recorded at KES 2.99 trillion, reflecting stable investor sentiment amid regional market adjustments.
News.ng reports that overall, the first trading day of the week showed divergent trends across African financial markets, with Nigeria’s equities leading gains in both activity and value, while South Africa and Kenya saw mixed outcomes as investors balanced optimism with caution ahead of key global and regional economic data.
