The Nigerian Stock Exchange began the week on a positive note, with a market capitalization rise of N10 billion.
The All Share Index saw a slight increase of 0.02%, closing at 102,370.62 points, up from 102,353.68 points the previous day. Despite this positive movement, the market remains negative for both the year-to-date and month-to-date, with declines of -0.48% each.
However, the week-to-date performance shows a modest increase of 0.02%.
A total of 1,250,749,735 shares were traded across 11,477 deals, valued at N16.35 billion on Monday.
The market breadth ended positively, with 28 stocks gaining and 22 stocks declining, reflecting a more optimistic market sentiment despite some sector volatility.
Caverton led the gainers, with a 10.00% increase in its share price, closing at N2.42, up from N2.20. Neimeth followed with a 9.91% rise, moving from N3.43 to N3.77. SCOA Nigeria saw a 9.68% gain, closing at N2.72 from N2.48. UPDC was up by 9.52%, closing at N1.84, from N1.68. Sovereign Trust Insurance also posted a 9.09% increase, rising from N1.10 to N1.20.
On the flip side, the top losers saw more declines. Eunisell recorded the highest loss, dropping by 9.99 per cent, closing at N14.06, down from N15.62. John Holt followed with a 9.63 per cent decrease, from N10.18 to N9.20. Secure Electronic Technology plc fell by 8.99 per cent, closing at N0.81, down from N0.89. Honeywell Flour Mill dropped by 8.59 per cent, closing at N9.05, from N9.90. Cornerstone Insurance Plc also experienced a 7.39 per cent decline, falling from N4.06 to N3.76.
Universal Insurance Company recorded the highest volume of trades, with 27.7 million shares valued at N18.71 million. Zenith Bank followed, trading 16.7 million shares worth N785.84 million. Oando had the highest trade value, with 16.6 million shares traded, totaling N1.24 billion. Fidelity Bank also saw 15.8 million shares traded, valued at N279.45 million, while Veritas Kapital Assurance Plc traded 15.8 million shares, valued at N23.73 million.
