The Nigerian stock market posted a notable gain on Monday, with market capitalization rising by N465 billion, or 0.50 percent, to N93.760 trillion. The All‑Share Index reflected this uplift, climbing 0.50 percent (729.19 points) to close at 147,717.23.
The upward trend was driven by heightened demand for several equities, including Sovereign Trust Insurance, Regency Alliance Insurance, and Transcorp Power. A total of 25 stocks recorded gains, while an equal number of 25 stocks posted losses, resulting in a flat market breadth. Sovereign Trust Insurance led the gainers with a 9.97 percent increase, closing at N3.53. Regency Alliance Insurance followed with a 9.68 percent rise, settling at N1.36, and Transcorp Power rose 8.92 percent to N342 per share. Other notable gainers were Consolidated Hallmark Holdings (+7.14 percent) and Halldane McCall (+6.80 percent).
Among the losers, Tripple Gee fell 9.92 percent to N5.45, Wema Bank dropped 4.51 percent to N19.05, and Livingtrust Mortgage Bank slipped 3.85 percent to N5 per share. NGX Group and Cutix also declined, down 3.33 percent and 3.08 percent, respectively.
Trading activity improved across the board, with 624.61 million shares worth N13.5 billion exchanged in 31,563 transactions—significantly higher than the previous Friday’s 386.6 million shares worth N11.26 billion traded in 21,842 deals. Consolidated Hallmark led volume with 210.5 million shares valued at N909.6 million, followed by Fidelity Bank (47.5 million shares, N951.82 million) and CHAMS (43.96 million shares, N191.6 million). Universal Insurance and Sovereign Trust Insurance also recorded substantial volumes, with 29.9 million and 23.3 million shares traded, respectively.
Monday’s performance reflects ongoing trends and fluctuations in the global financial landscape. As investors navigate these dynamics, monitoring the market’s trajectory and adjusting strategies will be crucial. The market’s growth and heightened activity are likely to boost investor confidence and benefit the broader economy.
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