The Nigerian Exchange (NGX) reported a significant trading activity this week, with a total turnover of 6.47bn shares valued at N75.75bn exchanged in 48,804 deals.
This represents a notable increase from the previous week’s performance, where 2.72 billion shares worth N54.63bn were traded in 46,848 deals, highlighting increased investor participation and transaction volume.
However, the NGX All-Share Index and Market Capitalization saw a slight depreciation of 0.20 per cent over the week, closing at 97,236.19 points and N58.92trn, respectively.
While most indices on the NGX recorded gains, a few sectors faced declines, including the NGX Main Board (-0.48 per cent), NGX 30 (-0.17 per cent), NGX Lotus II (-0.08 per cent), and NGX Industrial Goods (-0.02 per cent). The NGX ASeM Index remained flat.
The financial services industry dominated the activity chart, leading in both volume and value of shares traded. This sector accounted for 5.67bn shares worth N44.26bn across 23,268 deals, making up 87.60 per cent of the total equity turnover by volume and 58.44 per cent by value.
The oil and gas industry ranked second, with 245.72m shares valued at N15.88bn traded in 9,057 deals. Following closely, the Agriculture Industry recorded a turnover of 216.42m shares worth N1.09bn across 1,653 deals, reflecting continued interest across these diverse sectors.
The three most actively traded equities by volume were Sovereign Trust Insurance Plc, Consolidated Hallmark Holdings Plc, and United Bank for Africa Plc, with a combined 3.84bn shares worth N20.91bn in 5,652 deals.
Together, these stocks represented 59.36 per cent of the total equity turnover volume and 27.60 per cent of the value, underscoring their popularity and liquidity among investors.
In terms of stock price movement, thirty-one equities appreciated in value this week, a decline from thirty-nine gainers recorded in the prior week. Conversely, forty-two equities depreciated, slightly lower than the forty-five decliners in the previous week.
The number of unchanged equities rose to seventy-nine, compared to sixty-eight previously recorded, indicating a more stable sentiment across a larger portion of the market.
The week’s activity reflects a strong trading environment within the NGX, characterized by substantial volume and turnover, although the market experienced slight downward pressure on the All-Share Index and Market Capitalization.