Nigerian Stock Market Gains N443 Billion to Start Week

The Nigerian stock market commenced the new week on a positive note, recording a gain of N443 billion, which brought the overall market capitalization to N204,458.86 billion. The NGX share index increased by 688.43 basis points, representing a 0.34% rise.

Year-to-date returns improved to 31.39%, compared to 30.96% from the previous session. The market breadth was positive, with 31 stocks advancing against 24 decliners.

The Nigerian Exchange Group (NGX: NGXGROUP) led the gainers with a 10% increase, closing at N153.45 per share. Other notable gainers included Trans Nationwide Express (9.81% increase), McNichols Consolidated (NGX: MCNICHOLS) (9.74%), and VFD Group (NGX: VFDGROUP) (9.71%).

Conversely, Berger Paints topped the losers' chart with a 9.95% decline, closing at N68.35 per share. Total trading volume fell by 14.33% to 470.008 million units, valued at N32.449 billion across 60,793 deals.

Access Holdings (NGX: ACCESSCORP) was the most active stock, trading 54.914 million shares worth N1.422 billion.