By Bamidele Famoofo
The banking sector dominated trading activity on the Nigerian Exchange Limited on Monday as the index dipped by 0.94 per cent, closing in the red, first time in April, 2026
The third largest market by listed number of companies in Africa, tanked by 5.44 per cent due to heavy sell-offs following the updates on UBA financials. The Industrial sector led performance today at 0.85 per cent followed by Insurance Sector at 0.15 per cent.
Despite the sell pressure, market activity was mixed. Trading volume surged by 7.96 per cent 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.
