The Nigerian Stock Exchange (NGX) closed Thursday’s trading session on a mixed note, recording notable declines in both trading volume and turnover despite a modest improvement in the number of executed deals.
At the close of trading, a total of 349,172,092 shares were exchanged in 23,348 deals, with a combined market value of ₦12.80 billion, according to data obtained by News.ng.
This performance reflects a 14 per cent decline in trading volume and a 17 per cent drop in turnover compared with the previous session on Wednesday, December 3.
However, the number of deals rose by 9 per cent, indicating sustained investor participation across the market.
The total market capitalisation of the NGX stood at ₦93.6 trillion, underscoring the market’s resilience despite the day’s softer trading metrics.
Out of the 129 listed equities that participated in trading, market breadth closed negative, with 23 gainers and 28 losers, while others closed unchanged.
On the gainers’ chart, UAC of Nigeria led with a 10 per cent appreciation, closing at ₦88.00 per share. It was followed closely by Morison Industries, which added 9.94 per cent; Ecobank Transnational Incorporated (ETI), gaining 8.53 per cent; and Wapic Insurance, with an 8.47 per cent increase.
Conversely, Eunisell Interlinked topped the losers’ table after shedding 10 per cent of its share price to close at ₦72.90 per share. Other notable laggards included Ellah Lakes (-10%), Transcorp Hotels (-9.95%), and Omatek Ventures (-9.23%).
In terms of trading activity, Fidelity Bank Plc emerged as the most traded stock by volume, with 31 million shares exchanged. It was followed by Guaranty Trust Holding Company with 28.3 million shares, Zenith Bank Plc with 27.1 million shares, and Ecobank Transnational Incorporated with 21.9 million shares traded.
