The Nigerian Exchange (NGX) recorded a total turnover of 1.48 billion shares valued at N38.88bn in 44,795 deals during the week, reflecting a significant drop-in activity compared to the previous week’s 6.468 billion shares worth N75.75bn traded in 48,804 deals.
Despite the decline in trading volume and value, the NGX All-Share Index and Market Capitalization recorded positive performances, appreciating by 0.50 per cent to close the week at 97,722.28 points and N59.22trn, respectively.
Most indices posted gains for the week, with the exception of the NGX Oil and Gas and NGX Industrial Goods indices, which dipped by 0.29 per cent and 0.20 per cent, respectively. Meanwhile, the NGX ASeM and NGX Sovereign Bond indices ended flat.
The Financial Services Industry led the activity chart by volume, accounting for 1.07 billion shares worth N19.82bn traded in 21,001 deals. This represented 72.04 per cent of total equity turnover by volume and 50.98 per cent by value.
The Oil and Gas Industry followed, with 103.14 million shares worth N11.35bn traded in 8,200 deals. The Consumer Goods Industry ranked third with 77.198m shares valued at N2.845bn in 4,266 deals.
Trading in the top three equities, Access Holdings Plc, United Capital Plc, and United Bank for Africa Plc accounted for 433.79m shares worth N10.27bn in 8,790 deals. These stocks contributed 29.27 per cent and 26.43 per cent of total equity turnover volume and value, respectively.
Investor sentiment was mixed, as 39 equities appreciated in price during the week, an improvement from 31 in the prior week. Conversely, 46 equities depreciated, compared to 42 in the previous week, while 67 equities remained unchanged, down from 79 recorded in the prior week.
Market participants will continue to monitor macroeconomic indicators, corporate earnings releases, and global market trends for investment cues. The steady appreciation in key indices signals cautious optimism among investors as the NGX continues to offer diverse opportunities across sectors.