By Omodele Adigun
The Nigerian Exchange Limited (NGX) opened the trading week on a strong note, with banking and financial services stocks taking centre stage in both trade volume and value, as investors positioned ahead of third-quarter earnings reports.African cultural experiences
The renewed interest in financial equities helped push the market capitalisation up by ₦152 billion to ₦83.39 trillion.
Despite slight losses in some large-cap equities, investor sentiment remained cautiously optimistic, with increased activity in small- and mid-cap stocks balancing out blue-chip pressures.
Access Holdings Plc led the volume chart with 61.73 million shares traded, followed by United Bank for Africa (UBA) Plc with 32.88 million shares and Fidelity Bank Plc with 21.88 million shares. First Bank Holdings (FBNH) also saw strong demand with 21.47 million shares exchanged, while Consolidated Hallmark Holdings Plc posted 43.98 million shares, reflecting heightened activity within the financial sector.
On the value side, major blue-chip stocks remained key players despite mild price declines. Dangote Cement Plc traded at ₦489.00 per share, MTN Nigeria Communications Plc at ₦400.00, and Zenith Bank Plc at ₦71.00, accounting for a large portion of the day’s turnover.
Leading gainers hit the 10 per cent daily price ceiling: International Energy Insurance Plc closed at ₦2.20, Cutix Plc at ₦4.07, and NCR (Nigeria) Plc at ₦7.26. Other notable performers included R.T. Briscoe Plc, which gained 9.71 per cent, and Royal Exchange Plc, which rose 9.52 per cent.African cultural experiences
On the losers’side, Meyer Plc and Thomas Wyatt Nigeria Plc both fell by 10 per cent, Sovereign Trust Insurance Plc dropped 9.63 per cent, Custodian Investment Plc shed 9.50 per cent, and Deap Capital Management & Trust Plc declined by 9.77 per cent.
