The Nigerian Exchange Limited (NGX) experienced a positive trading day on Monday, adding N83 billion to investors’ wealth. This marks the third consecutive day of positive trading after a period marked by sell-offs and portfolio rebalancing.
At the close of trading, the NGX All-Share Index (ASI) rose by 0.14% to 97,373.94 points, with the market capitalization increasing by the same percentage to reach N59 trillion. This pushes the year-to-date return to 30.23%.
Sectoral performance was mixed. The banking, consumer goods, and industrial sectors saw declines, with losses of 0.81%, 0.10%, and 0.03%, respectively. On the other hand, the insurance and oil/gas sectors saw growth, rising by 0.23% and 0.16%, respectively.
In total, 24 stocks advanced while 27 declined. Leading gainers included Eunisell Interlinked, which saw a 10% increase, closing at N9.02, and Aradel, which gained 9.99% to close at N533.80. Among the top losers were United Capital, whose shares dropped by 9.78%, and Sovereign Insurance, which lost 7.25%.
Despite the positive closing figures, trading activity was relatively subdued. Volumes and values dropped by 37.82% and 20.21%, respectively, though the number of trades rose by 9.84%. A total of 297.83 million shares were traded across 9,902 transactions, worth N7.52 billion.
Sterling Financial Holding Company Plc led in volume, with 36.1 million shares traded, while United Bank for Africa (UBA) topped the value chart, with N1.04 billion worth of shares traded.
