Floor Of The Nigerian Stock Exchange

The Nigerian Stock Exchange commenced the week on a positive trend on Monday, with the market capitalisation rising by N10bn.

The All Share Index recorded a slight uptick of 0.02 per cent, closing at 102,370.62 points, compared to 102,353.68 points from the previous trading session.

Despite this marginal gain, the market remains negative year-to-date and month-to-date, each reflecting a 0.48 per cent decline. However, the week-to-date performance shows a modest growth of 0.02 per cent.

Investors traded a total of 1.25 billion shares worth N16.35bn in 11,477 deals. Market breadth ended on a positive note, with 28 stocks gaining value while 22 recorded losses, signaling improved market sentiment amid ongoing sectoral volatility.

Leading the gainers’ chart was Caverton Offshore, which surged 10.00 per cent to close at N2.42, up from N2.20.

Neimeth followed with a 9.91 per cent increase, climbing from N3.43 to N3.77. SCOA Nigeria rose 9.68 per cent to close at N2.72, up from N2.48. UPDC advanced 9.52 per cent, moving from N1.68 to N1.84, while Sovereign Trust Insurance gained 9.09 per cent, closing at N1.20 from N1.10.

The top losers in the market recorded significant declines, with Eunisell leading the pack after a 9.99 per cent drop, closing at N14.06 from N15.62.

John Holt followed with a 9.63 per cent decline, falling from N10.18 to N9.20.

Secure Electronic Technology Plc saw an 8.99 per cent decrease, closing at N0.81 from N0.89. Honeywell Flour Mill shed 8.59 per cent, dropping from N9.90 to N9.05, while Cornerstone Insurance Plc declined by 7.39 per cent, closing at N3.76 from N4.06.

In terms of trading activity, Universal Insurance Company led with the highest volume, trading 27.7 million shares valued at N18.71m.

Zenith Bank followed with 16.7 million shares traded, amounting to N785.84m.

Oando recorded the highest trade value, with 16.6 million shares exchanged for N1.24bn.

Fidelity Bank and Veritas Kapital Assurance Plc also posted high trading volumes, with 15.8 million shares each, valued at N279.45m and N23.73m, respectively.

Last week, the Nigerian equity market shed N1.45tn in market capitalisation, marking a 2.94 per cent drop in the All-Share Index to close at 102,353.68 points.

The market capitalisation also fell by 2.26 per cent, settling at N62.85tn.

For Advert, Event Coverage/Press Conference Invite, Story/Article Publication & Other Media Services
Contact Us On WhatsApp
Send Email To: citizennewsng@gmail.com
Visit Citizen NewsNG To Read More Latest And Interesting News Across Nigeria And The World