The Nigerian Stock Exchange (NGX) kicked off the trading week with a mixed performance on Monday, as investors traded 629.6 million shares worth NGN 14.75 billion across 57,840 deals, according to market data released at the close of business, news.ng reports.
Monday’s trading session showed improved investor participation compared to Friday, January 16, with transaction volumes rising by 17% and the number of deals increasing by 21%. However, the value of shares traded declined by 12%, suggesting heightened activity in lower-priced securities.
The broader market remained active, with 130 listed equities changing hands during the session. Gainers significantly outnumbered losers, as 44 stocks advanced while 24 declined, signalling positive investor sentiment at the start of the week.
NCR Nigeria emerged as the session’s best performer, recording the maximum daily price appreciation of 10% to close at NGN 141.40 per share. Champion Breweries and Learn Africa matched this performance with identical 10% gains, while Tripple Gee & Co. followed closely with a 9.94% increase.
On the losing end, Industrial & Medical Gases suffered the steepest decline, shedding 9.95% to close at NGN 34.85 per share. Haldane McCall dropped by 9.88%, while LivingTrust Mortgage Bank and Ikeja Hotel fell by 9.57% and 7.28%, respectively.
Secure Electronic Technology dominated trading volumes with 83.3 million shares changing hands, representing approximately 13% of total market volume. Access Holdings followed with 52.9 million shares, while Jaiz Bank and Tantalizers recorded 39.7 million and 34.2 million shares, respectively.
The NGX currently maintains a market capitalisation of NGN 106.4 trillion, reflecting the overall value of all listed securities on Africa’s largest stock exchange by market value.
