The Nigerian Stock Exchange (NGX) began the new trading week on a positive trajectory, recording significant growth in key market indicators on Monday.
At the close of trading, investors exchanged 694.77 million shares across 24,026 deals, with a total market value of ₦28.66 billion.
The performance marked a noticeable improvement compared to the previous trading session on Friday, November 21. Monday’s figures represent a 6% increase in traded volume, a 12% rise in turnover, and a 28% jump in the number of deals, reflecting renewed investor participation.
The NGX’s total market capitalisation also stood strong at ₦92.3 trillion, reinforcing the exchange’s robust position even amid mixed equity performance.
A total of 130 listed companies participated in the day’s trading, ending with 17 gainers and 26 losers.
E-Tranzact International led the gainers’ chart with a 9.06% rise to close at ₦14.45 per share. It was followed by International Energy Insurance, which appreciated by 8.49%, while McNichols gained 7%. C&I Leasing also posted a strong performance with a 5.47% increase.
On the flip side, NPF Microfinance Bank recorded the biggest decline of the day, shedding 7.85% to close at ₦2.70 per share. Prestige Assurance fell by 7.48%, Sterling Bank dipped 6.94%, and Wapic Insurance slid 6.18%.
Guaranty Trust Holding Company (GTCO) dominated market activity with 204 million shares traded. It was followed by Fidelity Bank with 132 million shares, Japaul Gold & Ventures with 68.8 million shares, and FCMB Group with 38 million shares.
News.ng reports that the positive start to the week reflects strong investor sentiment and increased engagement across key sectors, setting the tone for trading activities in the days ahead.
