The Nigerian Exchange (NGX) opened the new trading week on a positive note, recording a significant uptick in market activity across key performance indicators.
At the close of trading on Monday, investors exchanged a total of 627,492,030 shares in 36,409 deals, valued at ₦24.99 billion.
The figures represent a 19% increase in trading volume, an 8% rise in turnover, and a 19% jump in the number of deals compared to the previous trading day on Friday, October 31.
The overall market capitalisation stood at ₦97.6 trillion, reflecting sustained investor confidence in the equities market.
A total of 130 listed companies participated in the session, with 19 gainers and 38 decliners, highlighting a mildly bearish breadth despite higher trading activity.
Union Dicon Salt Plc emerged as the day’s top gainer, appreciating by 9.93% to close at ₦7.75 per share. It was followed by Omatek Ventures Plc (+9.92%), Nigerian Aviation Handling Company (NAHCO) (+7.62%), and International Breweries Plc (+6.35%).
On the flip side, Honeywell Flour Mills Plc led the losers’ chart, shedding 10% to close at ₦18.00 per share. Northern Nigeria Flour Mills (-9.98%), Aradel Holdings (-9.21%), and Japaul Gold and Ventures (-7.95%) also recorded notable losses.
In terms of volume, United Bank for Africa (UBA) dominated trading with 137 million shares exchanged, followed by Aso Savings & Loans (109 million), Access Holdings Plc (68.2 million), and Guaranty Trust Holding Company Plc (49.8 million).
Despite the mixed sentiment across sectors, the improvement in trading metrics signals renewed investor interest and heightened participation as the market transitions into a new month.
