The Nigerian Exchange Limited (NGX) recorded a total turnover of 1.95bn shares valued at N35.86bn traded in 48,553 deals during the week, reflecting an uptick in trading activity compared to the previous week’s 1.48bn shares worth ₦38.88bn traded in 44,795 deals.
The NGX All-Share Index (ASI) and Market Capitalization posted marginal gains, appreciating by 0.11 per cent and 0.13 per cent, respectively, to close at 97,829.02 points and N59.29trn.
However, while most indices advanced, a few key sectors faced declines. Indices such as NGX Main Board (-0.02 per cent), NGX CG (-0.75 per cent), NGX Banking (-2.57 per cent), and NGX Pension (-0.45 per cent) ended the week in red.
Similarly, the NGX AFR Bank Value, NGX MERI Growth, NGX Growth, and NGX Sovereign Bond indices dropped by 2.52 per cent, 0.71 per cent, 13.47 per cent, and 0.03 per cent, respectively, while the NGX ASeM index closed flat.
The Financial Services Industry led the activity chart in terms of volume, trading 1.041 billion shares valued at ₦16.207bn across 21,099 deals. This accounted for 53.34 per cent of total turnover volume and 45.19 per cent of total value.
The Oil and Gas sector followed, with 273.407 million shares worth N6.72bn exchanged in 5,489 deals. The Services Industry took the third position, with 141.18m shares valued at N779.166m traded in 3,072 deals.
Notable activity was observed in Japaul Gold and Ventures Plc, FBN Holdings Plc, and Access Holdings Plc, which collectively accounted for 461.500m shares worth N6.18bn in 4,658 deals. These three equities contributed 23.64 per cent and 17.24 per cent to the total equity turnover volume and value, respectively.
Market sentiment improved as 52 equities appreciated in price during the week, a significant increase from 39 gainers in the prior week. On the downside, 33 equities depreciated, lower than the previous week’s 46 losers.
Meanwhile, 68 equities remained unchanged, slightly higher than the 67 recorded in the preceding week.
The NGX continues to showcase dynamic activity, with sectoral performance and investor participation reflecting diverse market trends.
NGX Turnover Hits 1.95 Billion Shares As Market Cap Climbs To N59.3trn is first published on The Whistler Newspaper