The start of the trading week on the Nigerian Exchange Group (NGX) began on a positive note, as a total of 762,504,028 shares exchanged hands in 86,475 deals with a market value of N31.206 billion, according to news.ng reports.
Monday’s key performance indicators were all in the green compared to last Friday’s trading activities on the NGX.
According to market data, the volume of trade increased by 30%, turnover improved by 2%, and deals brokered increased by 38%, as market capitalisation hit N126.6 trillion.
Despite the positive start, there were 26 gainers and 43 losers out of the 131 equities listed for trading on Monday.
Among the top gainers, Conoil led the chart with a 10% gain in its share price, closing the day at N185.90 per share. Legend Internet followed with a 10% rise in its share price to close at N7.04, while Omatek Ventures saw its share price rise by 10% to close at N2.42.
Other gainers on Monday included Nigerian Exchange Group (NGX), whose share price gained 9.97% to close at N166.00. Oando was also among the gainers with a 9.96% increase to N54.65. Another notable equity was Premier Paints, which recorded a 9.93% rise to close at N16.05.
On the losers’ chart, Aluminium Extrusion Industries ended the day lower with a 10% loss, closing at N13.95 per share, followed by SCOA Nigeria, which fell by 9.9% to close at N30.95 per share, while Sunu Assurances Nigeria’s share price declined by 9.81% to close at N4.32 per share.
Still on the losers’ chart, RT Briscoe declined by 9.87% to close at N10.87 per share. Union Dicon Salt’s share price fell by 9.76% to close at N14.80 per share, while Guinea Insurance shed 9.03% to close at N1.31 per share.
Among the equities with the highest trading volume, Fortis Global Insurance recorded 127 million traded shares, followed by Access Holdings with 48.3 million shares traded.
Also in the banking index, Zenith Bank recorded 39.7 million shares traded, while Chams Plc traded 30.1 million shares.
