Trading on the Nigerian Exchange (NGX) closed on a mixed note at the end of today’s session, with key market indicators showing declines in volume and turnover but a great improvement in the number of executed deals.
A total of 403,781,149 shares valued at NGN 15.41 billion were exchanged in 21,500 deals.
Compared with the previous trading day on Tuesday, December 2, market activity reflected a 33 per cent decline in trading volume and a 10 per cent drop in turnover, despite a 45 per cent increase in the number of deals, indicating heightened investor participation across smaller transactions.
The total market capitalisation of the NGX stood at NGN 93.5 trillion, underscoring the market’s sustained overall value despite the day’s softer trading metrics.
In aggregate, 127 listed equities participated in trading, with 30 stocks closing higher, 16 recording losses, while the remaining equities ended flat.
Guinness Nigeria Plc emerged as the top gainer, appreciating by 10 per cent to close at NGN 198.00 per share. It was closely followed by NCR Nigeria (+9.98%), Nigerian Exchange Group (+9.96%), and Multiverse Mining & Exploration (+9.95%), reflecting strong buying interest in these counters.
On the decliners’ chart, Veritas Kapital Assurance led the losers after shedding 4.47 per cent to close at NGN 1.71 per share. Other notable losers included Lasaco Assurance (-3.77%), Prestige Assurance Company (-3.03%), and Royal Exchange (-2.56%).
In terms of trading activity by volume, Access Holdings Plc dominated the session with 54.4 million shares traded, followed by Zenith Bank Plc with 52.7 million shares, Guaranty Trust Holding Company with 34.8 million shares, and Sterling Bank with 25.1 million shares, highlighting sustained interest in the banking sector.
Market watchers say the mixed performance reflects cautious investor sentiment amid profit-taking in some stocks and renewed interest in selective gainers.
