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Nigerian Stocks Market Open on A Positive Note

The Nigerian stock market started the week on a stronger note, showing impressive improvements across major indicators! Here’s a breakdown of how the market performed:

Market Activity Summary:
• Total Volume Traded: 428.16 million shares
• Total Value Traded: ₦10.52 billion
• Total Deals: 14,583
• Market Capitalization: ₦65.7 trillion

Compared to Friday, April 11, today’s trading saw:
•  o+13% increase in volume
•  +4% increase in turnover
•  +35% increase in number of deals

Top Gainers Today:
Out of 128 equities that participated in trading, 27 closed in the green. Leading the charge were:
• Abbey Mortgage Bank — up +9.95% to close at ₦6.74
• UPDC Plc — gained +9.82%
• Guinea Insurance — rose +9.52%
• VFD Group — added +9.46%

These stocks were the stars of the day, rewarding investors with solid  Top Losers Today:
Meanwhile, 25 stocks declined, with some experiencing notable drops:
• United Bank for Africa (UBA) — down -11.33%, closing at ₦31.30
• International Energy Insurance — dropped -9.76%
• Consolidated Hallmark Holdings — fell -8.33%
• Japaul Gold and Ventures — declined -7.46%

UBA had a particularly rough session today, ending up as the biggest loser.

Most Traded Stocks by Volume:
Investors were most active on these counters:
• Access Holdings — 56 million shares traded
• Zenith Bank — 55.4 million shares
• Fidelity Bank — 39 million shares
• UBA — 33.2 million shares

These high-volume trades reflect sustained interest in the banking sector.

Wrap-Up:
The market kicked off the week with a positive spark, showing increased activity and strong performances from several mid-cap stocks. As the week progresses, investors will be watching earnings reports and macroeconomic cues to guide their decisions.