The Nigerian Exchange (NGX) sustained its bullish momentum last week, as the main All-Share Index closed 6.95 per cent higher at 194,989.77 points, lifting total market capitalisation by N8.137 trillion to N125.164 trillion.
This broad-based rally saw most sector indices advance, though the NGX Growth index fell 15.06 per cent and the NGX Sovereign Bond index ended unchanged. Market activity surged significantly, with total turnover rising to 7.662 billion shares valued at N252.566 billion across 345,118 deals, compared to 4.652 billion shares worth N193.326 billion in the prior week.
The Financial Services Industry dominated trading, accounting for 5.625 billion shares (73.41% of volume) worth N113.599 billion (44.98% of value). It was followed by the Services and Oil & Gas Industries. The most actively traded stocks—FCMB Group, Access Holdings, and Zenith Bank—collectively contributed nearly half the weekly equity volume and over a quarter of the value.
Price movements revealed a mixed sentiment, with 71 equities gaining (down from 79 the previous week) and 41 declining (up from 27). Zichis Agro Allied led gainers, rising N6.56, while RT Briscoe was the worst performer, losing N19.75.
In corporate news, the NGX listed two series of Dangote Cement Plc’s commercial paper totaling N119.8 billion under its N500 billion issuance programme on February 18.
The week’s performance underscores strong investor interest in the NGX, particularly in financial stocks, despite volatility in niche segments. The significant increase in trading volumes and value points to heightened market activity as the bourse continues its recovery trajectory.
