Equities trading on the floor of the Nigerian Exchange Limited commenced the week on a bearish trajectory, with the market benchmark index, the NGX All-Share Index slipping by 0.11 percent to close at 98,107.52 points.
Market capitalization mirrored this decline, dropping by 0.11 percent to ₦59.47 trillion, resulting in investor losses of approximately ₦62.6 billion due to intensified sell-offs.
Despite the downturn, 19 stocks posted gains, with top performers including GOLDBREW, 10.00 percent; NGXGROUP, 10.00 percent; TANTALIZER, 9.92 percent; AFRIPRUD, 9.72 percent; and OKOMUOIL, 9.19 percent. On the flip side, 36 stocks recorded losses, led by NSLTECH, down by 10.00 percent; GUINEAINS 8.93 percent; DEAPCAP, 8.40 percent; DAARCOMM, 7.02 percent; and RTBRISCOE, 6.12 percent.
Sectoral performance was mixed, skewing slightly negative. The banking, insurance, and industrial goods sectors declined by 0.11 percent, 1.22 percent, and 0.53 percent, respectively, while the consumer goods and oil/gas sectors recorded marginal gains of 0.02 percent and 0.44 percent.
Trading activity reflected subdued momentum, with trading volume and value dropping by 58.11 percent and 26.33 percent, respectively. However, the number of deals surged significantly, increasing by 31.43 percent.
Overall, 436.04 million shares worth ₦12.86 billion were traded across 9,489 deals. FCMB dominated trading volume with 61.7 million shares worth ₦575 million exchanged in 205 deals, while ARADEL led in trading value.