Trading activities on the floor of the Nigerian Exchange Limited (NGX) commenced the week on a bullish note, with the benchmark index rising by 0.35%.
Specifically, the market capitalisation increased from ₦66.465 trillion to ₦66.694 trillion, reflecting a growth of ₦229 billion or 0.35%. Similarly, the All-Share Index climbed from 105,752.61 basis points to 106,116.18 basis points, gaining 363.57 points or 0.35%.
Monday’s positive performance was largely driven by buying interest in Guaranty Trust Holding Company Plc (+6.35%) and Transnational Corporation Plc (+6.28%), resulting in month-to-date and year-to-date returns of +0.4% and +3.1%, respectively.
The total volume of trade advanced by 16.9% to 500.59 million units, valued at ₦12.11 billion across 17,637 deals.
Access Holdings Plc emerged as the most traded stock by volume with 60.87 million units, while Guaranty Trust Holding Company Plc was the most traded by value at ₦2.18 billion.
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At the close of trading, 47 stocks recorded gains while 16 declined.
Leading the gainers’ chart was International Breweries Plc, which rose from ₦7.70 to ₦8.47, gaining ₦0.77 or 10.00%. Newly listed Legend Internet Plc followed, advancing from ₦6.82 per share to ₦7.50 per share, a gain of ₦0.68 or 9.97%. Cadbury Nigeria Plc also appreciated, moving from ₦26.60 per share to close at ₦29.25 per share, an increase of ₦2.65 or 9.96%.
Conversely, Livestock Feeds Plc led the decliners, falling from ₦9.50 per share to ₦8.55 per share, losing ₦0.95 or 10.00%. Aradel Holdings Plc followed, dropping from ₦497.00 to ₦448.00, a loss of ₦49.00 or 9.86%, while Tripple Gee and Company Plc declined by ₦0.19 or 9.60% to settle at ₦1.79 from ₦1.98.
Across the sectors, the Consumer Goods (+2.4%), Banking (+1.3%), Insurance (+0.3%), and Industrial Goods (+0.3%) indices posted gains, while the Oil & Gas index recorded a decline of 2.9%.
Meanwhile, in celebration of leadership and collaboration, the Nigerian Exchange hosted a Closing Gong Ceremony in honour of the Minister of Trade and Investment, Dr Jumoke Oduwole.
