The Nigerian equities market closed on a mixed note as investors aggressively rotated their funds. This tactical trading saw capital shifting fluidly between banking equities and heavyweight industrial stocks. Despite the varying movements, financial stocks continued to drive the bulk of market activities. The banking sector, in particular, maintained its strong hold on investor interest throughout the session.
A closer look at the gainers’ chart reveals notable performances across several sectors. International Energy Insurance led the upward charge, appreciating by 9.86 percent to close at five naira, forty-six kobo. Close behind, Trans-Nationwide Express gained 7.14 percent, ending its trading session at five naira, ten kobo. Meanwhile, Neimeth International Pharmaceuticals rose by 6.8 percent, settled comfortably at eleven naira.
The positive momentum extended into the banking and mortgage sectors as well. LivingTrust Mortgage Bank added an impressive five percent to settle at four naira, twenty kobo. Abbey Mortgage Bank also advanced, climbing 4.44 percent to close at seven naira, five kobo. In the mainstream banking category, Fidelity Bank recorded steady gains, rising 3.95 percent to close at twenty-one naira, five kobo.
Conversely, the bears dominated the losers’ chart with sharp declines in prominent equities. Consumer goods giant PZ Cussons Nigeria and technology firm Computer Warehouse Group both shed 10 percent. They closed at eighty-eight naira, twenty kobo and twenty-one naira, sixty kobo respectively. Similarly, ABC Transport declined by 9.95 percent to six naira, eighty-eight kobo, while Wema Bank lost 9.09 percent to close at thirty naira. Sovereign Trust Insurance also retreated by 8.16 percent, ending at two naira, seventy kobo.
Activity metrics highlighted intense liquidity concentration in top-tier banking assets. Access Holdings recorded the highest volume, with over 84 million shares exchanged by active traders. Meanwhile, Zenith Bank emerged as the most valuable stock traded during the session, logging transactions worth approximately three-point-five billion naira.
