The Nigerian stock market posted a notable uptrend, with the All‑Share Index rising 1.35% to close at 148,977.64 and NGX market capitalisation increasing 1.36% to N94.561 trillion. Both figures surpassed the previous week’s levels of 146,988.04 and N93.296 trillion, respectively, and investors collectively gained N1.265 trillion during the week.
Most indices finished higher, although several fell: NGX CG (‑0.19%), NGX Banking (‑0.13%), NGX AFR Bank Value (‑0.51%), NGX AFR Div Yield (‑0.93%), NGX MERI Growth (‑0.97%), NGX MERI Value (‑0.68%) and NGX Growth (‑2.08%). Trading activity comprised 2.422 billion shares worth N76.618 billion, executed in 126,591 deals, compared with 2.286 billion shares worth N90.280 billion in 138,177 deals the week before.
The Financial Services industry dominated the market, accounting for 68.65% of total equity turnover volume and 42.50% of turnover value, with 1.662 billion shares worth N32.565 billion traded in 56,253 deals. The ICT sector followed, handling 184.884 million shares worth N8.662 billion in 11,500 transactions, while the Services industry ranked third with 154.537 million shares worth N1.066 billion in 5,975 deals.
Trading in Consolidated Hallmark Holdings Plc, Fidelity Bank Plc and Access Holdings Plc represented 25.54% of total equity turnover volume and 12.03% of turnover value. During the week, 52 equities appreciated in price, 41 depreciated, and 53 remained unchanged. The top gainers were Sovereign Trust Insurance, Royal Exchange, Eunisell Interlinked, SFS Real Estate Investment Trust and Omatek Ventures, which rose by 36 k, 24 k, N4.40, N37.65 and 13 k respectively. Conversely, the biggest losers were Tripple Gee, Academy Press, Regency Alliance Insurance, Livingtrust Mortgage Bank and Industrial and Medical Gases, which fell by N1.14, N1.72, 23 k, 70 k and N3.55 respectively.
The market’s positive performance signals a potential upswing in investor confidence. Ongoing monitoring of industry and sector trends will be essential to gauge the broader direction of the economy.
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