The Nigerian Exchange Limited (NGX) began the week on a strong note, recording a market capitalisation of N62.5tn at the close of trading on Monday.
This represents a gain of N987bn, following a surge in trading volume and improved investor sentiment.
The trading session saw a total of 641.1 million shares exchanged in 13,778 deals, with transactions valued at N15.50bn.
These figures reflect a 44 per cent increase in trading volume, a 3 per cent rise in turnover, and a 10 per cent boost in the number of deals compared to the previous trading day.
The NGX All-Share Index also climbed by 0.99 per cent to close at 103,149.35 points, marking a one-week gain of 1.88 per cent, a four-week increase of 5.49 per cent, and a year-to-date rise of 37.95 per cent.
Top Performers and Sectoral Gains
Leading the pack of gainers were MeCure Industries, Neimeth International Pharmaceuticals, and Prestige Assurance Company, each posting a 10 per cent increase in share prices to close at N12.65, N2.09, and N1.10 per share, respectively.
Lasaco Assurance followed with a 9.96 per cent rise to N3.09, while Livingtrust Mortgage Bank and Meyer Plc gained 9.92 per cent and 9.91 per cent, closing at N3.99 and N8.43, respectively.
On the sectoral front, the Top 30 Index rose by 1.15 per cent, while the Insurance Index and Consumer Goods Index increased by 2.45 per cent and 1.76 per cent, respectively.
The Consumer Goods Index, in particular, reflected an impressive year-to-date gain of 54.88 per cent.
Declines and Market Activity
PZ Cussons Nigeria led the losers, shedding 10 per cent to close at N26.10. Vitafoam Nigeria followed with a 9.62 per cent drop to N21.60, while the NGX Group saw a 9.17 per cent decline, closing at N27.25.
Other significant losers included Ikeja Hotel, which fell by 7.41 per cent to N11.25, and Eterna Plc, which dropped 5.26 per cent to close at N27.00.
Universal Insurance Company led trading volume with 71.5 million shares traded. Guaranty Trust Holding and Access Holdings followed with 54.7 million and 46.6 million shares, respectively.
This robust performance builds on gains from the previous week when the equity market added N472bn during a shortened trading session due to public holidays for Christmas.
Analysts suggest that the market’s sustained growth signals strong investor confidence as the year concludes.
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