The Nigerian Exchange (NGX) closed Tuesday’s trading session on a bearish note, with market capitalisation falling to N155.2 trillion after investors exchanged 535.53 million shares valued at N36.84 billion in 55,123 deals, reflecting mixed market activity despite improved turnover.
Data from the exchange showed that trading volume declined by 28.11 per cent compared with the previous session, while the number of deals fell by 29 per cent. However, the value of transactions rose by 17 per cent, indicating increased activity in higher-priced stocks.
A total of 133 listed equities participated in the day’s trading, with 19 stocks recording gains against 37 losers.
Conoil and Prestige Assurance emerged as the top gainers, appreciating by 9.79 per cent each to close at N213.00 and N1.57 per share, respectively.
E-Tranzact International advanced by 9.40 per cent to N16.30, while Cornerstone Insurance gained 9.09 per cent to close at N5.40 per share. Omatek Ventures also recorded a strong performance, rising by 5.76 per cent.
On the losers’ table, Vitafoam Nigeria and International Energy Insurance shed 10 per cent each to close at N189.00 and N5.76 per share, respectively.
Austin Laz & Company declined by 9.93 per cent to N3.90, while Sunu Assurances lost 9.82 per cent to close at N3.58. Sovereign Trust Insurance fell by 8.37 per cent to N2.30 per share.
Neimeth International Pharmaceuticals also featured among the day’s decliners, dropping 10.11 per cent to close at N8.45 per share.
Sterling Bank emerged as the most actively traded stock by volume, with 100.90 million shares changing hands, accounting for 18.84 per cent of the total market volume.
The stock was followed by UAC of Nigeria with 49.4 million shares, Access Holdings with 28.8 million shares, and Zenith Bank with 24.9 million shares traded.
In value terms, UAC of Nigeria led the market with transactions worth N9.12 billion, representing 24.74 per cent of the total value traded during the session.
Sector performance was largely negative, with the Banking Index declining by 2.98 per cent, pressured by losses in GTCO.
The Consumer Goods Index fell by 0.52 per cent following declines in International Breweries, while the Insurance Index dropped by 0.10 per cent amid losses in Consolidated Hallmark Holdings. The Oil and Gas Index slipped by 0.03 per cent as Oando recorded losses.
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