Trading activity on the Nigerian Exchange (NGX) opened the week on a slight decline as the All-Share Index dipped marginally by 12.54 basis points or 0.01%, falling from Friday’s close of 109,710.37 to 109,697.83 points on Monday. Despite the dip, the index reflects a year-to-date gain of 6.58%.
Similarly, the market capitalisation shed ₦8 billion or 0.01%, closing at ₦68.945 trillion compared to ₦68.953 trillion recorded at the end of last week. Nevertheless, the market has grown 9.85% year-to-date.
At the close of trading, investors transacted 486.087 million units of shares, up by 12.58%, with a total value of ₦11.382 billion, representing a 32.36% increase, across 24,883 deals.
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Despite the marginal drop in key indices, market sentiment was broadly positive, as reflected by market breadth: 46 stocks recorded gains while 23 declined.
Topping the gainers’ chart was Ikeja Hotel Plc, which gained ₦1.40 or 10.00%, rising from ₦14.00 to ₦15.40 per share. Tantalizers Plc followed with a 10.00% increase or ₦0.23, closing at ₦2.53 per share from ₦2.30. Beta Glass Plc also posted notable gains, appreciating by ₦23.45 or 9.98%, from ₦235.05 to ₦258.50 per share.
On the losers’ list, The Initiates Plc led with a 10.00% decline, falling from ₦6.80 to ₦6.12 per share, shedding ₦0.68. It was trailed by Associated Bus Company Plc, which declined by ₦0.29 or 9.83%, from ₦2.95 to ₦2.66 per share. University Press Plc also dipped, losing ₦0.43 or 9.77% to close at ₦3.97 from ₦4.40 per share.
