The Nigerian Stock Exchange commenced the trading week on Monday with subdued activity, recording a significant drop in share volume despite an uptick in the number of transactions executed.
Market data from the first weekday session indicate that investors exchanged 451.5 million shares across 33,290 deals, resulting in a total turnover of approximately NGN 13 billion.
News.ng reports that the figures represent a notable 49% contraction in trading volume and a 22% decrease in turnover value compared to Friday’s session.
However, the number of deals improved by 30%, suggesting sustained investor participation despite lower trading volumes.
The exchange’s total market capitalisation stood at NGN 97.2 trillion at the close of trading.
Market breadth tilted positive, with 129 listed equities participating in the day’s activities. Gainers outnumbered losers, as 34 stocks advanced while 20 declined.
Aluminium Extrusion Industries emerged as the session’s top performer, rallying 9.72% to close at NGN 13.55 per share. Other notable gainers included International Energy Insurance, which rose by 9.69%; MeCure Industries, with a 9.64% gain; and Royal Exchange, up by 9.6%.
Conversely, Custodian & Allied led the laggards, shedding 10% to settle at NGN 35.10 per share. Associated Bus Company also declined by 10%, while Prestige Assurance Company and Guinea Insurance dropped by 7.41% and 7.38%, respectively.
Trading activity by volume was dominated by Tantalizers, which recorded 50.2 million shares changing hands—the highest for the session. First HoldCo followed with 32.6 million shares, Access Holdings with 27.3 million shares, and Custodian & Allied with 22.1 million shares traded.
Market data from the first weekday session indicate that investors exchanged 451.5 million shares across 33,290 deals, resulting in a total turnover of approximately NGN 13 billion.
News.ng reports that the figures represent a notable 49% contraction in trading volume and a 22% decrease in turnover value compared to Friday’s session.
However, the number of deals improved by 30%, suggesting sustained investor participation despite lower trading volumes.
The exchange’s total market capitalisation stood at NGN 97.2 trillion at the close of trading.
Market breadth tilted positive, with 129 listed equities participating in the day’s activities. Gainers outnumbered losers, as 34 stocks advanced while 20 declined.
Aluminium Extrusion Industries emerged as the session’s top performer, rallying 9.72% to close at NGN 13.55 per share. Other notable gainers included International Energy Insurance, which rose by 9.69%; MeCure Industries, with a 9.64% gain; and Royal Exchange, up by 9.6%.
Conversely, Custodian & Allied led the laggards, shedding 10% to settle at NGN 35.10 per share. Associated Bus Company also declined by 10%, while Prestige Assurance Company and Guinea Insurance dropped by 7.41% and 7.38%, respectively.
Trading activity by volume was dominated by Tantalizers, which recorded 50.2 million shares changing hands—the highest for the session. First HoldCo followed with 32.6 million shares, Access Holdings with 27.3 million shares, and Custodian & Allied with 22.1 million shares traded.
