Dangote, Fidelity Bank Rally Add N2.3trn to Stock Market Cap
Buying interest in Dangote Cement, Fidelity Bank, and Transcorp Power added N2.3 trillion to the Nigerian Exchange (NGX) market capitalisation on Monday as Bulls storm the local bourse.
The Nigerian equities market opened the week with positive momentum, with the benchmark All-share index (NGX) up 1.44% to 252,456.88 points and market capitalisation gaining N2.3 trillion to N163.9 trillion.
DANGCEM (+9.61%) led the gains, followed by FIDELITYBK (+6.85%), TRANSPOWER (+5.65%), and OANDO (+8.46%).
However, market sentiment was bearish, with 28 losers outpacing 20 gainers, resulting in a market breadth of 0.71x. MANSARD (+9.75%) and SOVRENINS (+9.74%) led the gainers, while THOMASWY (-9.62%) led the laggards.
Trading activity was buoyant, with total volume rising 21.29% to 448.7 million units and value traded up 15.28% to N30.0 billion.
CHAMS led trading volumes, accounting for 72.6 million units (16.18% of total volume), while SEPLAT recorded the highest value traded at N5.2 billion (17.31% of total market value).
Sectoral performance was predominantly positive, with five of the six indices closing higher. The Industrial Goods (+5.68%) index led the gains, driven by the price increase in DANGCEM (+9.61%).
The Insurance (+1.28%) and Commodities (+0.42%) indices followed, supported by advances in MANSARD (+9.75%) and TRANSPOWER (+5.65%), respectively.
The Banking (+0.25%) and Oil & Gas (+0.22%) indices also closed higher, buoyed by buying interest in FIDELITYBK (+6.85%) and OANDO (+8.46%), respectively. Conversely, the Consumer Goods (-0.03%) index was the sole decliner, weighed down by losses in CHAMPION (-3.41%).
In a regulatory disclosure, Champion Breweries Plc announced a court-ordered meeting on December 03, 2026, at which it will ask shareholders to approve a restructuring that creates a new holding company, Champion Brands Limited.
If approved, shareholders will swap their Champion Breweries shares one-for-one for the HoldCo shares, and Champion Breweries will subsequently be delisted from NGX. #Dangote, Fidelity Bank Rally Add N2.3trn to Stock Market Cap# NGX Return, Market Cap Drop as Equities Investors Lose N3.52trn
