Nigerian investors added N62 billion to the market on Monday as the Nigerian Stock Exchange (NSE) opened the week on a positive note.
The exchange’s total market capitalization rose by 0.36 percent, increasing from N155.994 trillion to N156.056 trillion. The All‑Share Index also gained 881.16 points, or 0.36 percent, closing at 243,158.97 versus 242,277.81 in the previous session. The year‑to‑date (YTD) return therefore improved to 56.26 percent, and market breadth stayed in favour of buyers, with 43 stocks rising against 34 falling.
Among the top performers, FTN Cocoa Processors and Consolidated Hallmark each posted a 10 percent gain, ending at N6.05 and N5.72 per share respectively. CAP followed with a 9.99 percent rise to N159.70, AIICO Insurance climbed 9.98 percent to N4.74, and Dangote Sugar advanced 9.97 percent, finishing at N76.65 per share.
The losers’ list was led by Nigerian Aviation Handling Company, which fell 23 percent to N198.68. International Energy Insurance, UPDC, Learn Africa and Nem Insurance also posted notable declines.
Trading activity slowed during the session. Total volume fell 48.30 percent to 967.47 million shares, valued at N43.84 billion across 122,041 transactions. VFD Group dominated the volume metric, handling 255.35 million shares, or 26.39 percent of the day’s total trades. In terms of value, Zenith Bank recorded the highest turnover at N8.42 billion, representing 19.20 percent of the day’s transaction value.
The Monday rally underscores continued investor confidence in Nigeria’s equity market despite a reduction in trading volume. Market participants will watch whether the upward momentum sustains into the coming sessions and how volume trends evolve in the context of broader economic conditions.
