The Nigerian Exchange Limited saw a modest rebound, gaining ₦82 billion in market capitalization.
The All-Share Index rose by 0.12 per cent to 106,220.62 points, driven by gains in UPDC Plc, International Breweries, and Royal Exchange Plc.
However, the market remains on a weekly decline of 0.52 per cent and a four-week loss of 2.7 per cent, though it still holds a year-to-date gain of 3.2 per cent
The NGX saw 341.7 million shares traded, worth ₦16.65 billion, across 11,233 deals. This reflected a 77 per cent drop in volume, a 62 per cent rise in turnover, and a 4 per cent decline in deals from the previous session.
Investor sentiment was mixed, with 123 stocks traded—36 gainers and 20 losers. UPDC Plc led with a 9.92 per cent gain to ₦2.77 per share, followed by International Breweries (9.62 per cent), Royal Exchange Plc (9.59 per cent), and Multiverse Mining & Exploration (8.81 per cent)
On the downside, University Press Plc led the losers, dropping 10 per cent to ₦4.32 per share. Academy Press fell 9.66 per cent, Red Star Express lost 9.32 per cent, and Neimeth International Pharmaceuticals declined 8.33 per cent
In terms of trading volume, Tantalizers Plc led with 29.6 million shares, followed by Access Holdings (29.2m), Zenith Bank (28.7m), and GTCO (26.7m).
On the flip side, University Press Plc topped the losers’ chart, declining by 10 per cent to N4.32 per share. Academy Press fell by 9.66 per cent, Red Star Express lost 9.32 per cent, and Neimeth International Pharmaceuticals dropped by 8.33 per cent. In terms of volume, Tantalizers Plc led the market with 29.6 million traded shares, followed closely by Access Holdings (29.2m), Zenith Bank (28.7m), and Guaranty Trust Holding Company (GTCO) (26.7m).
