Trading on major African stock exchanges started the week with mixed performances, as volume and turnover declined in several markets despite fluctuations in the number of deals executed.
On the Nigerian Exchange (NGX), investors exchanged a total of 364.34 million shares across 32,538 deals, representing a market value of ₦11.35 billion on the first trading day of the week.
Compared with Friday, November 7, the NGX recorded a 31% drop in trading volume and a 26% decline in turnover, though the number of deals increased by 32%. The market capitalisation of the Nigerian Exchange currently stands at ₦94.5 trillion.
Similarly, the Nairobi Securities Exchange (NSE) witnessed 22.14 million shares traded in 6,387 deals, amounting to a market value of KES 437.45 million. This reflects a 27% fall in volume and a 14% decline in turnover compared to the previous trading session, with a modest 6% increase in deals. The NSE’s market capitalisation remains at KES 3 trillion.
Meanwhile, the Johannesburg Stock Exchange (JSE) recorded 229.01 million shares traded in 325,837 deals, corresponding to a turnover of ZAR 23.79 billion. Compared with Friday, the JSE saw a 4% reduction in volume, but turnover improved by 8%, while the number of deals declined by 7%. The JSE’s market capitalisation stands at ZAR 22.9 trillion.
Analysts suggest that early-week trading patterns often reflect investor caution, with market participants reacting to both domestic economic indicators and global market trends.
