NGX Closes Week on Mixed Note as Market Capitalization Hits ₦97.8 Trillion

Kenneth Afor
2 Min Read

The Nigerian Exchange (NGX) ended the last weekday of trading on a mixed note, with improvements in trading volume and the number of deals, but a notable decline in turnover value.

At the close of market activities, investors exchanged a total of 525.62 million shares worth ₦23.05 billion in 30,587 deals. This represents a 6% increase in traded volume and a 6% rise in total deals, but a 22% drop in turnover value compared to Thursday’s session.

The market capitalisation of the Exchange currently stands at ₦97.8 trillion, reflecting sustained investor confidence despite fluctuations across key performance indicators.

In total, 129 listed equities participated in the trading session, with 31 gainers and 35 losers, while the remaining stocks closed unchanged.

Julius Berger Nigeria Plc led the gainers’ chart with a 10% share price increase, closing at ₦151.80 per share, extending its positive momentum driven by investor optimism following its recent financial disclosures. Learn Africa Plc also gained 10%, while Cornerstone Insurance Company Plc and Aso Savings & Loans Plc appreciated by 9.82% and 9.57%, respectively.

Conversely, Eterna Plc topped the losers’ chart, shedding 10% to close at ₦36.00 per share, followed by McNichols Plc, Deap Capital Management & Trust Plc, and Sunu Assurances Nigeria Plc, all declining by nearly 10% each.

In terms of activity, Guaranty Trust Holding Company (GTCO) recorded the highest trading volume of 66.4 million shares, followed by Access Holdings with 46.6 million shares, Oando Plc with 32.1 million shares, and Universal Insurance Company Plc with 27.5 million shares.

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A graduate of Mass Communication from Yaba College of Technology with over four years in journalism (print and electronic) in several beats including business, politics, sports and entertainment.