The Nigerian Stock Exchange (NGX) closed the last weekday of trading on a mixed note, posting higher activity in volume and deals despite a drop in turnover.
By the close of Friday’s session, investors traded 671,426,918 shares across 24,139 deals, with a total market value of NGN 20.9 billion.
This marks a 12% increase in traded volume and a 2% uptick in the number of deals compared with Thursday, November 13. However, turnover fell by 8%, reflecting lower cash movement despite heightened market participation.
The NGX’s total market capitalisation currently stands at NGN 94.4 trillion, underscoring the depth of the equities market.
A total of 129 listed companies participated in the trading session, producing a perfectly balanced market breadth with 31 gainers and 31 losers.
On the gainers’ chart, Prestige Assurance Company led with a 9.84% rise to close at NGN 1.34 per share. It was closely trailed by NCR Nigeria (+9.64%), Guinea Insurance (+9.57%), and Aso Savings & Loans (+9.57%), all of which posted strong positive movements.
On the flip side, Union Dicon Salt ended the day as the worst performer, shedding 10% to close at NGN 6.30 per share. It was followed by Tripple Gee & Co. (-9.98%), Associated Bus Company (-9.91%), and Regency Alliance Insurance (-9.6%), which all saw notable dips in their share prices.
In terms of activity level, Access Holdings dominated trading with 133 million shares exchanged. Sterling Bank followed with 77.2 million units, while Fidelity Bank and FCMB Group recorded 63.1 million and 57.6 million traded shares, respectively.
News.ng reports that the session reflects a market marked by strong investor engagement, even as turnover pressure suggests cautious capital deployment ahead of next week’s trading.
