The Nigerian Exchange Limited (NGX) recorded a bullish start to 2025, with a total turnover of 2.62 billion shares valued at N69.74bn traded in 47,953 deals during the first week of the year.
This performance marked a significant increase compared to the previous week’s turnover of 1.39 billion shares worth N52.02bn in 33,411 deals.
The NGX All-Share Index (ASI) and Market Capitalization appreciated by 1.42 per cent and 2.02 per cent, closing the week at 103,586.33 points and N63.17trn, respectively.
This growth was reflected across most indices, with all but two—NGX Oil and Gas (-0.45 per cent) and NGX Sovereign Bond (-3.28 per cent)—closing higher. Meanwhile, the NGX ASeM and NGX Commodity indices remained flat.
The trading week spanned four days as Wednesday, January 1, 2025, was declared a public holiday by the Federal Government in observance of the New Year celebrations.
The Financial Services Industry led the activity chart, accounting for 66.88 per cent of the total equity turnover volume and 24.49 per cent of its value. Investors traded 1.75 billion shares worth N17.08bn in 20,595 deals within the sector.
The Services Industry followed with 205.81 million shares worth N1.83bn in 3,654 deals, while the ICT Industry recorded a turnover of 189.938 million shares valued at N1.84bn in 3,686 deals.
Trading in three top equities—Royal Exchange Plc, Chams Holding Company Plc, and Universal Insurance Plc—accounted for a combined 612.03m shares valued at N773.44m in 2,108 deals.
This represented 23.38 per cent of the total equity turnover volume and 1.11 per cent of its value.
The equities market witnessed broad-based gains during the week, with 82 stocks appreciating in price, compared to 64 in the previous week.
Meanwhile, 18 equities depreciated in price, down from 20 in the prior week, and 52 equities remained unchanged, lower than the 69 recorded previously.
The positive start to the year reflects strong investor confidence and optimism for the Nigerian capital market, buoyed by improved market participation and sectoral strength.
Analysts anticipate continued growth as economic and market reforms take shape, offering further opportunities for investment in 2025.