The Nigerian Stock Exchange (NGX) concluded its first weekday trading session with significant activity, as investors traded 388.2 million shares worth approximately ₦31.1 billion across 28,485 deals, according to official market data released on Monday.
The session showed a mixed performance compared to Friday’s trading, with volume declining by 42% while turnover surged by 49%.
News.ng reports that the number of deals also increased by 18%, suggesting rising investor participation despite lower share volumes. The exchange maintained its market capitalisation at ₦93.2 trillion.
Three stocks hit the daily gain limit of approximately 10%, with NCR Nigeria emerging as the standout performer. The company’s shares jumped 10% to close at ₦28.15, extending its remarkable year-to-date gain of 463% from an opening price of ₦5.00. The stock has risen 76% in the past four weeks alone, ranking second-best on the NGX for recent performance and third overall for the year.
Sovereign Trust Insurance also reached the 10% gain threshold, closing at ₦3.20 per share. Despite a recent pullback of 16% over the past month, the insurance firm has delivered an impressive 186% return since the start of 2025, when it traded at ₦1.12, placing it 17th in year-to-date performance rankings.
Tantalizers Plc rounded out the top gainers with a 9.8% increase to ₦2.35, though its 14.6% year-to-date gain remains modest compared to other market leaders.
Market heavyweight Dangote Cement led the losers, dropping 10% to ₦534.60 per share in what analysts may view as a significant development, given the company’s prominence in the Nigerian market. The cement giant has now declined by 11% over the past four weeks, though it still maintains an 11.7% gain for the year.
Nigerian Enamelware also fell 10% to ₦40.50, continuing a month-long slide that has erased 10% of its value. Despite the recent weakness, the stock remains up 110% year-to-date from its January opening price of ₦19.30.
Transcorp Nigeria declined by 4.7% to ₦43.00, extending losses that have now reached 10% since late October. The conglomerate is marginally negative for the year, down 1.15% from its opening price of ₦43.50.
Market analysts will be watching closely to determine whether Monday’s trading patterns signal a broader shift in investor sentiment or simply represent normal market volatility as the year draws to a close.
