The Nigerian Exchange Limited (NGX) closed higher on Monday as strong trading activity in Dangote Cement Plc helped lift market turnover above ₦56 billion.
The NGX All-Share Index (ASI) advanced by 0.33 percent to close at 243,707.07 points, while equity market capitalisation rose to ₦156.31 trillion.
Investors traded 717.16 million shares valued at ₦56.66 billion in 73,321 deals, making it one of the most active trading sessions recorded so far in June.
The day’s performance was supported by gains in selected financial, insurance and transportation stocks, while institutional activity in large-cap counters contributed significantly to overall market turnover.
International Energy Insurance Plc led the gainers’ chart after appreciating by 9.92 percent from ₦7.26 to ₦7.98 per share.
The Initiates Plc (TIP) gained 9.91 percent to close at ₦32.15, while Associated Bus Company Plc rose by 9.68 percent to ₦6.80. Abbey Mortgage Bank Plc advanced 9.63 percent to ₦10.25, and Linkage Assurance Plc gained 9.36 percent to settle at ₦1.87.
On the losers’ table, Fidson Healthcare Plc declined by 10.00 percent from ₦136.50 to ₦122.85 per share.
Academy Press Plc lost 9.70 percent to close at ₦7.45, while RT Briscoe Plc shed 9.43 percent to ₦13.45. SUNU Assurances Nigeria Plc fell by 9.37 percent to ₦4.06, and Learn Africa Plc dropped 8.70 percent to ₦10.50.
FCMB Group Plc emerged as the most actively traded stock by volume with 152.31 million shares exchanged during the session. Premier Paints Plc recorded 61.04 million shares, while Dangote Cement traded 34.72 million shares.
However, Dangote Cement dominated market turnover with transactions valued at approximately ₦29.71 billion, accounting for more than half of the total value traded on the exchange.
The substantial activity in the cement giant played a major role in driving the market’s overall turnover to ₦56.66 billion.
Other actively traded stocks included The Initiates Plc and Jaiz Bank Plc, reflecting continued investor interest in selected mid-cap and financial sector counters.
In the exchange-traded fund segment, SIAMLETF40 recorded the highest gain, rising by ₦624.98 to close at ₦6,875.00. STANBICETF30 advanced by ₦356.01 to ₦3,921.01, while MERGROWTH appreciated by ₦13.89 to settle at ₦152.82. MERVALUE and VETINDETF also posted gains during the session.
Market analysts attributed the positive close to sustained buying interest in selected equities and strong institutional participation in large-cap stocks.
The sharp increase in turnover compared with previous sessions suggests that liquidity remained robust despite mixed performance across sectors.
With trading activity concentrated in major counters such as Dangote Cement and FCMB, investors are expected to continue monitoring corporate developments, economic indicators and earnings expectations for direction in the coming sessions.
The strong turnover recorded on Monday highlights continued investor confidence in the Nigerian equities market and underscores the role of institutional participation in supporting market performance.