The Nigerian Exchange started the week in the red, with investors losing N297 billion in market capitalization by the close of Monday’s session. The All-Share Index dropped by 0.24% to 108,467.98 points, while market capitalization declined by 0.43% to N68.1 trillion.
Despite the negative performance, trading activity remained active. Over 414 million shares were traded in 16,664 deals, totaling a turnover of N10.71 billion. Compared to last Friday’s session, the number of shares exchanged dropped by 10%, the value of transactions fell by 4%, but the number of deals increased by 6%.
Out of 127 traded equities, 39 gained while 28 declined. Multiverse Mining and Meyer Plc topped the gainers’ list with a 10% increase each. Other top performers included Smart Products, Beta Glass, Honeywell McCallum, and Abbey Mortgage Bank.
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In trading volume, Tantalizers Plc led with 49.2 million shares, followed by VFD Group, Access Holdings, and Zenith Bank. Performance across indices was mixed: the Top 30 and Banking Indices each fell by 0.24%, while Oil & Gas rose by 0.36%, Insurance by 0.29%, and Industrial Goods by 0.12%. The Main Board Index also dipped by 0.11%.
Despite Monday’s loss, the All-Share Index maintains a positive trend, with gains of 1.66% over the past week, 4.11% over four weeks, and 5.38% year-to-date.
Last week, the Nigerian Exchange recorded a turnover of 2.65 billion shares worth N77 billion in 86,110 deals—an increase in both volume and activity compared to the previous week.
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