The Nigerian Exchange (NGX) closed Monday’s trading session on a positive note, adding N195 billion to investors’ wealth as the benchmark All-Share Index (ASI) appreciated by 0.17%.
The ASI settled at 142,377.56 points, up from the previous 142,133.02 points, while market capitalisation rose to N90.155 trillion compared to N89.960 trillion on Friday.
Despite the gain, market breadth remained negative, with 36 decliners outnumbering 25 advancers. A total of 384 million shares worth N11.6 billion exchanged hands in 28,144 deals.
Top gainers
THOMASWYAT and SFSREIT led the advancers’ chart, each gaining 10% to close at N3.63 and N346.55 respectively. Living Trust Insurance rose 9.90% to N2.33, while Eterna and Caverton gained 9.86% and 9.28% apiece.
Top losers
Mansard Insurance topped the laggards’ list with a 10% decline, closing at N14.40. UPL shed 9.85% to close at N3.94, Learn Africa fell 9.72% to N3.90, while Julius Berger lost 8.70% to finish at N73.30.
Volume drivers
FBN Holdings dominated trading activity with 47 million shares worth N1.47 billion, followed by Ellah Lakes with 24 million units valued at N291 million, and Veritas Kapital with 22 million units worth N44.7 million.
Analysts noted that while the market recorded modest growth, the negative breadth reflects sustained profit-taking pressure in some bellwether stocks.
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