The Nigerians Exchange Limited (NGX) witnessed a historic milestone as the All-Share Index closed at 80,324.53 points, marking an impressive appreciation of 0.83 percent on Monday. The equities market experienced gains of N363 billion, propelling the market cap to N43.957 trillion from the previous N43.594 trillion recorded on Friday.
The trading session saw a remarkable 33.3 percent increase in traded volume, reaching 1.19 billion units, compared to the 892.68 million units traded on the previous Friday. In terms of value, there was an appreciation of N15.26 billion from the N14.33 billion recorded on the last trading day.
Analysts pointed out significant gains in top-performing stocks, with JBERGER leading at +10.00 percent, closing at N46.75. Other gainers included CUTIX (+10.00 percent), JAIZBANK (+10.00 percent), LASACO (+10.00 percent), CORNERST (+10.00 percent), and OMATEK (+10.00 percent).
Conversely, some stocks experienced declines, with DAARCOMM leading the losers at -9.30 percent, closing at N1.17. Other losers included ETERNA (-8.79 percent), CWG (-7.05 percent), PZ (-6.90 percent), FIDELITYBK (-5.99 percent), and MCNICHOLS (-5.88 percent).
In terms of trading volume, TRANSCORP (+9.79 percent) took the lead with 298.3 million units, followed by FCMB (+9.23 percent), FIDELITYBK (-5.99 percent), STERLINGNG (+9.88 percent), and UNITYBNK (+9.79 percent). On the value front, TRANSCORP (+9.79 percent) also led with N4.08 billion, followed by FIDELITYBK (-5.99 percent), MTNN (-0.70 percent), FCMB (+9.23 percent), and UBA (+3.28 percent).
Mixed trading sentiments were observed among stocks with a market cap of over N1 trillion. MTNN (-0.70 percent) experienced a price decline, while ZENITHBANK (+2.50 percent) and GTCO (+3.57 percent) recorded price gains. UBA, with a 3.28 percent gain, saw its market cap cross the N1 trillion mark, placing the company in the SWOOT category.
Positive trading prevailed for tier-1 banks, with GTCO, UBA, ZENITHBANK, and ACCESSCORP recording price gains, while FBNH remained unchanged.
