Stock Market Rises As Investors Trade ₦99.7 Billion In Weekly NGX Deals

THE Nigerian Exchange Limited (NGX) witnessed a surge in trading activity last week as investors exchanged 3.188 billion shares worth ₦99.685 billion in 132,711 transactions, reflecting an increase in both volume and value compared to the preceding week.

The figure represents a 10.4 per cent rise in transaction value from the 3.117 billion shares valued at ₦90.295 billion traded across 118,018 deals in the previous week.

Sector Performance

The Financial Services Industry maintained its dominance on the activity chart, accounting for 2.282 billion shares worth ₦38.812 billion across 57,934 deals. This represented 71.59 per cent of the total equity turnover volume and 38.94 per cent of the value.

Trailing behind, the Consumer Goods Industry recorded 198.393 million shares valued at ₦12.836 billion in 17,508 deals, while the Oil and Gas sector secured third place with 186.744 million shares worth ₦35.173 billion in 8,811 transactions.

Top Equities

Trading in the top three most active equities—FCMB Group Plc, Access Holdings Plc, and Universal Insurance Plc—contributed significantly to market activity. The trio collectively accounted for 1.249 billion shares worth ₦14.277 billion in 10,359 deals, translating to 39.17 per cent of the total equity turnover volume and 14.32 per cent of value.

Market Indices

The market closed the week on a positive note, with the NGX All-Share Index appreciating by 1.12 per cent to settle at 140,545.69 points, while market capitalisation rose to ₦88.922 trillion.

Similarly, most sectoral indices posted gains, with the exception of the NGX ASeM index, which remained unchanged.

Market Breadth

Investor sentiment leaned positive as 70 equities appreciated in price, a sharp rise from 19 equities in the previous week. Meanwhile, 22 equities declined, lower than the 64 losers recorded earlier, while 55 equities remained unchanged, compared to 64 in the prior week.

Weekly Gainers and Losers

The top five gainers were:

• Etranzact International Plc (+45.15%, closing at ₦4.65)

• Regency Alliance Insurance Plc (+27.69%, closing at 36k)

• Chellaram Plc (+26.67%, closing at ₦2.80)

• Daar Communications Plc (+23.26%, closing at 20k)

• Royal Exchange Plc (+22.34%, closing at 42k)

Conversely, the top decliners included:

• Union Dicon Salt Plc (-₦2.20)

• Thomas Wyatt Nigeria Plc (-49k)

• Secure Electronic Technology Plc (-10k)

• Nigerian Enamelware Plc (-₦3.90)

• May & Baker Nigeria Plc (-₦1.80)

The upbeat performance suggests renewed investor confidence, supported by rising market breadth and sectoral resilience, setting the tone for stronger momentum in the weeks ahead.