Over a recent five-day trading period on the Nigerian Exchange (NGX) Limited, investors executed 138,250 transactions, exchanging a total of 3.6 billion shares valued at N112.2 billion. This activity represents a substantial 77.59 percent decrease in transaction value when compared to the preceding week's figures, which saw 17.49 billion shares worth N500.7 billion traded across 142,082 deals.
Despite the notable reduction in trading activity, the overall market showed resilience. According to the NGX's weekly market report, the All-Share Index (ASI)—a key benchmark for market performance—recorded a positive increase of 2.18 percent, closing the week at 134,452.93. Correspondingly, the aggregate market capitalization also climbed, reaching an impressive N85.055 trillion.
Sectoral Performance Highlights
The week saw strong performances from the financial services, agriculture, and oil and gas sectors. The financial services sector emerged as the clear leader in activity, accounting for 2.127 billion shares valued at N47.29 billion from 57,121 transactions. This dominance translated to 57.62 percent of the total trading volume and 42.13 percent of the overall trading value.
Following closely, the agriculture sector saw 273.69 million shares exchanged, totaling N12.87 billion across 11,284 deals. The oil and gas industry also contributed significantly, recording a turnover of 255.14 million shares valued at N11.808 billion in 10,706 transactions.
Top Equities by Volume
Access Holdings, United Bank for Africa (UBA), and Japaul Gold and Venture Plc stood out as the top three equities by trading volume. Combined, these companies recorded a robust 745.39 million shares changing hands, valued at N19.457 billion, across 15,720 deals. Their collective contribution represented 20.19 percent of the total trading volume and 17.33 percent of the total trading value for the week.
Market Gainers and Losers
A total of 60 equities registered gains during the week, an increase from 49 in the preceding period. Among the top performers, The Initiative Plc saw its share price surge by N6.10, closing at N16.13 from N10.03. Academy Press also gained, rising by N2.31 to end at N9.31 from N7.00, while Nigerian Enamelware increased by N6.65, closing at N27.30 from N20.35. Notable gains also included Wema Bank, whose share price rose by N3.80 to N19.90, and Presco Plc, which recorded one of the highest individual gains, appreciating by N285 to close the week at N1,550 per share from N1,265.
Conversely, some equities experienced declines. Secure Electronic Technology lost N0.29, falling to N0.92 from N1.21. Omatek Ventures dropped to N1.24 from N1.63, while Meyer Plc declined by N4.50, closing at N16.50 from N21.00. Neimeth International Pharmaceuticals Holdings Plc saw its share price decrease to N6.50 from N8.05, and Associated Bus Company lost N1.06, ending the week at N4.59 from N5.65.
