The Nigerian stock market began the week on a positive note, with investors’ portfolios gaining N465 billion. Market capitalization rose from N93.295 trillion at the opening to N93.760 trillion at the close on Monday. The All‑Share Index advanced 0.50 percent, closing at 147,717.23—a 729.19‑point increase from Friday’s record of 146,988.04.
The surge in trading activity was driven by heightened demand for equities such as Sovereign Trust Insurance, Regency Alliance Insurance, Transcorp Power, Consolidated Hallmark Holdings, and Halldane McCall, among others. Twenty‑five stocks recorded gains while an equal number posted losses, resulting in a flat market breadth. Sovereign Trust Insurance emerged as the top gainer, whereas Tripple Gee led the losers’ chart.
Overall market activity improved, with more deals, higher volume, and greater value traded. On Monday, 624.61 million shares worth N13.5 billion were exchanged across 31,563 transactions, surpassing Friday’s 386.6 million shares valued at N11.26 billion in 21,842 deals. Consolidated Hallmark led the volume chart with 210.5 million shares valued at N909.6 million, closely followed by Fidelity Bank, which recorded 47.5 million shares worth N951.82 million.
The market’s strong performance on Monday is notable given the current economic climate. As the Nigerian Exchange Limited continues to grow—evidenced by rising market capitalization and a higher All‑Share Index—investors and stakeholders will closely monitor trends and fluctuations in the coming days, underscoring the sector’s resilience and potential for growth within the African financial landscape.
Comments are closed for this story.