NGX kicks off week with N987bn gain
The Nigerian Exchange Limited ended the first trading day of the week with a market capitalisation of N62.5 trillion, up N987 billion, or 0.99%.A total of 641.12 million shares, worth N15.50 billion, were traded in 13,778 deals.
This reflects a 44% increase in trading volume, a 3% increase in turnover, and a 10% increase in the number of transactions over the previous session.
The NGX All-Share Index rose 0.99% to 103,149.35 points, representing a one-week gain of 1.88%, a four-week gain of 5.49%, and a year-to-date increase of 37.95%.
39 of the 127 listed equities traded during the session increased in value, while 21 decreased.
MeCure Industries, Neimeth International Pharmaceuticals, and Prestige Assurance Company were among the top gainers, with share prices rising by 10% to close at N12.65, N2.09, and N1.10, respectively. Lasaco Assurance followed closely with a 9.96% increase, closing at N3.09, while Livingtrust Mortgage Bank gained 9.92%, closing at N3.99, and Meyer Plc increased by 9.91% to close at N8.43.
PZ Cussons Nigeria led the losers' chart, falling 10% to N26.10. It was followed by Vitafoam Nigeria, which fell 9.62% to N21.60, and NGX Group, which dropped 9.17% to N27.25.
Other notable decliners included Ikeja Hotel, which fell 7.41% to N11.25; Eterna Plc, which fell 5.26% to close at N27.00; and Japaul Gold, which dropped 4.11% to N2.10.
Universal Insurance Company led trading activity with 71.5 million shares, followed by Guaranty Trust Holding (54.7 million) and Access Holdings (46.6 million). C&I Leasing experienced significant activity, with 32.3 million shares traded.
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