The Nigerian Exchange (NGX) closed flat on Monday as investors traded cautiously across sectors, resulting in a zero-percent movement in the benchmark index despite strong activity in select banking and consumer stocks.
The NGX All-Share Index (ASI) closed unchanged at 149,437.88 points amid subdued market momentum as gains in insurance, consumer goods, and select financial stocks were offset by losses in agriculture and industrial counters.
Market capitalization across equities stood at ₦95.27 trillion, while total bond market capitalization closed at ₦50.73 trillion. Exchange-traded funds (ETFs) were valued at ₦43.45 billion at the close of trading.
Market Activity Overview
A total of 553.16 million shares valued at ₦13.27 billion were exchanged in 28,907 deals, indicating sustained participation from both institutional and retail investors.
Banking stocks dominated trading volumes, reinforcing continued investor interest in financial services stocks amid earnings positioning and liquidity plays.
Top Gainers
Five stocks closed as the session’s strongest performers, led by insurance and consumer names:
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Sovereign Trust Insurance Plc gained 10.00% to close at ₦3.74.
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Guinness Nigeria Plc advanced 9.96% to ₦239.50, reflecting renewed buying interest in consumer goods.
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Mecure Industries Plc rose 9.88% to ₦41.70.
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First HoldCo Plc appreciated by 9.86% to ₦34.55, supported by banking-sector demand.
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AIICO Insurance Plc increased 9.86% to ₦3.79.
Top Losers
Losses were recorded mainly in insurance and agriculture-related stocks:
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Prestige Assurance Plc declined 10.00% to ₦1.53.
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Lotus Halal Equity ETF 15 fell 8.93% to ₦81.05.
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FTN Cocoa Processors Plc dropped 8.16% to ₦4.50.
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Guinea Insurance Plc shed 7.69% to ₦1.08.
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Royal Exchange Plc declined 7.25% to ₦1.79.
Most Actively Traded Stocks (By Volume)
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FCMB Group Plc led activity with 92.04 million shares traded, valued at ₦963.95 million.
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Access Holdings Plc followed with 67.93 million shares worth ₦1.36 billion.
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Consolidated Hallmark Holdings Plc recorded 50.78 million shares valued at ₦208.80 million.
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Fidelity Bank Plc traded 35.76 million shares worth ₦672.41 million.
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Jaiz Bank Plc posted 29.70 million shares valued at ₦134.07 million.
Bonds Market
Trading in the fixed-income segment remained largely stable, with most Federal Government of Nigeria (FGN) bonds closing unchanged:
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FGS 2027 closed at ₦90.00, up marginally.
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FGS 2026, FGS 2028, MCI 2026 Series 1, and Dangote 2029 Series 2 all closed flat at par value.
ETF Market Performance
ETFs recorded mixed performance:
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SIAML ETF 40 gained ₦84.68 to close at ₦931.80.
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VSP Bond ETF rose to ₦215.00.
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Green ETF advanced to ₦380.00.
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Vetiva Consumer Goods ETF edged up to ₦34.60.
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Vetiva Griffin 30 ETF closed slightly higher at ₦53.85.
Market Outlook
Market sentiment remains cautious as investors continue to rotate between high-dividend banking stocks and fundamentally strong consumer names. With the year drawing to a close, positioning ahead of corporate actions and year-end portfolio adjustments is expected to drive selective interest rather than broad-based rallies.