The Nigerian Exchange started the week strong, gaining N52.17 billion in market capitalization.
The Nigerian Exchange saw increased market activity on Monday, with the All Share Index rising by 83.31 points to 106,621.91, pushing the year-to-date gain to 3.59%.
Eterna Plc led the gainers’ chart with a 9.96 per cent appreciation, closing at N37.55 per share. Transcorp followed with a 9.91 per cent increase to settle at N51.55, while FCMB Group gained 9.89 per cent, closing at N10.00 per share. Other top gainers included Africa Prudential, which appreciated by 9.85 per cent to N36.25, and ABC Transport, which rose by 8.67 per cent to N1.63 per share. Dangote Sugar also recorded an 8.11 per cent increase, closing at N40.00 per share.
VFD Group led the losers’ chart with a 9.92% drop, closing at ₦47.20 per share. International Energy Insurance followed, falling 8.72% to ₦1.78. Cadbury Nigeria declined by 8% to ₦23.00, while Cornerstone Insurance dropped 7.89% to ₦2.92. Honeywell Flour lost 7.06%, closing at ₦12.50, and Omatek fell 6.58% to ₦0.71 per share.
Fidelity Bank recorded the highest volume of shares traded, with 56.4 million units changing hands. Access Holdings followed with 30.4 million shares, Zenith Bank accounted for 27.6 million shares, while Africa Prudential saw 23.3 million shares traded. Sectoral indices showed mixed performances. The Top 30 Index rose by 0.24 per cent, while the Pension Index gained 0.34 per cent. The Consumer Goods Index increased by 0.23 per cent, the Banking Index advanced by 0.2 per cent, and the Main Board Index appreciated by 0.17 per cent. However, the Premium Index declined by 0.08 per cent.
It was earlier reported that the Nigerian stock market declined, losing ₦476.0 billion in one week. Investors traded 1.818 billion shares valued at ₦47.226 billion across 64,222 deals.
