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 (NGX: AIICO), while 34 stocks recorded losses, including Intenegin, UPDC (NGX: UPDC), Learn Africa (NGX: LEARNAFRCA), 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.