Nigerian Exchange Gains N567 Billion on Monday

On Monday, equity investors on the Nigerian Exchange (NGX) experienced a gain of N567 billion, bringing the market capitalization to N156.56 trillion. The NGX share index advanced by 0.36%, settling at 243,158.97 points, which contributed to a year-to-date return of 56.26%.

The market breadth was broadly positive, with 44 gainers led by Conhall PLC, FTN Cocoa, NAHCO, and AIICO, while 34 stocks recorded losses, including Intenegin, UPDC, Learn Africa, and NEM. Sector performance was mixed, with insurance up by 1.25%, industrials by 1.08%, consumer goods by 0.83%, and banking by 0.41%.

Meanwhile, oil gained 0.89% and commodities increased by 0.49%, although trading activity showed a decline in volume, with a turnover of N57.98 billion across 1.41 billion shares and 133,071 transactions.