The Nigerian Exchange Limited (NGX) began the week with a decline, as the All Share Index dropped by 0.72 percent to close at 97,881.75 points.
T ading data for Monday revealed that this decline brought the market’s year-to-date return down to 31.87 percent, the month-to-date to 0.16 percent, and the week-to-date to -0.72 percent.
The market capitalization ended at N55.58 trillion, with investors exchanging 498,271,393 shares in 10,645 transactions, totaling N11.77 billion.
Despite the drop in the All Share Index, market breadth was positive, with 29 stocks gaining and 23 losing.
Julius Berger Nigeria led the gainers, rising 10 percent to N121.00 per share. National Salt Company, Total Nigeria, and Oando also saw significant gains, ranging from 9.98 percent to 10 percent.
On the losing side, BUA Cement saw the largest drop at 11.3 percent, closing at N114.30. Other notable losers included Skyway Aviation Handling Co., Sunu Assurances Nigeria, and Flour Mills Nigeria.
Guaranty Trust Holding led in trading volume with 124 million shares, followed by Veritas Kapital Assurance, Access Holdings, and Japaul Gold and Ventures.
Trading activity saw a 4 percent increase in volume, a 44 percent rise in turnover, and a 12 percent improvement in the number of deals.
This follows last week’s recovery in the Nigerian equity market, which recorded a N945 billion gain.
