TUE APRIL 28 2026-theGBJournal| The Nigerian equities market closed in red on Monday for the first time since early April 2026. The index dipped by 0.94% with the benchmark index advancing by 43.69% year-to-date.
Despite the sell pressure, market activity was mixed. Trading volume surged by 7.96% to 676.51 million shares, while total value traded decreased by 0.85%.
Market breadth weakened, closing negative with 43 gainers against 48 decliners, reflecting broad-based sell-off in select stocks. On the performance chart, ABBEYBDS and ZICHIS led the gainers, while FIRSTHOLCO topped the losers’ list, followed by UBA.
On sectors front, Banking sector dominated trading activity but tanked by 5.44% due to heavy sell-offs following the updates on UBA financials. The Industrial sector led performance today at 0.85% followed by Insurance Sector at 0.15%.
Meanwhile, the NASD OTC market opened the week on a positive note, as the NASD Security Index (NSI) and market capitalisation rose by 0.03%, to close at 4,053.97 points and N2.43trn, respectively.
Market activity declined materially, with the volume and value down by 28.51% and 82.02%, respectively.
SDCSCSPLC (+3.31%) was the sole gainer in today’s session, while SDFCWAMCO (-1.48%) led the market decliners.
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