The Nigerian Exchange Limited (NGX) closed Monday in positive territory, gaining N83 billion in market capitalization, marking the third consecutive session of growth after a period of sell-offs and portfolio adjustments. The NGX All-Share Index (ASI) rose by 0.14 percent to 97,373.94 points, bringing the year-to-date gain to 30.23 percent. Despite recent declines of 0.20 percent over the past week and 0.38 percent over four weeks, investor sentiment remained buoyed by positive trading.
Sectoral performance was mixed, with the banking, consumer goods, and industrial sectors declining by 0.81 percent, 0.10 percent, and 0.03 percent, respectively, while insurance and oil/gas saw gains of 0.23 percent and 0.16 percent. Among the top gainers were Eunisell Interlinked and Aradel, rising by approximately 10 percent, while United Capital and Sovereign Insurance led the losers, shedding 9.78 percent and 7.25 percent, respectively. A total of 297.83 million shares valued at N7.52 billion were traded across 9,902 transactions, with trading volumes down 37.82 percent but the number of trades increasing by 9.84 percent.
The most actively traded shares were those of Sterling Financial Holding Company Plc and United Bank for Africa (UBA), which led in volume and value, respectively. UBA recorded N1.04 billion in trades, while AccessCorp and FlourMill also saw substantial trading activity. Despite some declines across sectors, the NGX’s overall performance remains strong, with investors gaining from selective stock movements across insurance, oil, and other sectors.
