The Nigerian Exchange (NGX) delivered a strong start to the trading week, with the All-Share Index climbing 0.30% as equity investors witnessed their portfolios swell by over N262 billion.
This impressive gain extended the positive momentum from the previous Thursday’s session, demonstrating sustained investor confidence in the Nigerian stock market.
Key Performance Indicators Show Robust Growth
The market’s upward trajectory was primarily driven by strategic bargain hunting across medium and large-cap stocks spanning multiple sectors.
The All-Share Index added 414.74 basis points during Monday’s trading session, closing at 139,394.75 points and pushing total market capitalisation to an impressive N88.20 trillion.
Trading Volume and Value Present Mixed Picture
Market activities revealed contrasting trends, with total trading volume declining by 47.50% while the overall value of transactions increased by 14.50%.
Approximately 947.87 million units valued at ₦17,971.67 million were transacted across 36,036 deals, indicating selective but high-value trading activity.
FCMB Dominates Trading Activity Charts
FCMB emerged as the standout performer in terms of both volume and value, commanding 48.68% of total trading volume and 26.38% of total transaction value. Other significant volume contributors included UNIVINSURE (4.46%), ROYALEX (3.72%), ZENITHBANK (2.82%), and FIRSTHOLDCO (2.74%).
Top Gainers Lead Market Advance
PZ and UPL topped the gainers’ chart with a remarkable 10.00% price appreciation each, followed by ELLAHLAKES (+9.94%), LEGENDINT (+9.90%), and NCR (+9.84%).
AIICO and ETRANSACT also posted strong gains of 9.74% and 9.71% respectively, with thirty-four other stocks recording positive movements.
Sectoral Performance Reflects Broad-Based Growth
The Insurance sector led sectoral gains with a robust 3.16% increase, while Consumer goods added 0.60% and Industrial stocks posted marginal 0.02% gains.
However, the Banking sector declined by 0.53%, and Oil & Gas stocks remained unchanged, creating a mixed but predominantly positive sectoral picture.
The market breadth closed decisively positive with 41 gainers significantly outpacing 17 losers, reinforcing the bullish sentiment that drove Monday’s impressive N262 billion wealth creation for Nigerian equity investors.
