The Nigerian stock market has seen a significant surge in activity, with investors trading 5.47 billion shares worth N108.1 billion in 118,570 transactions this week. This represents a 5.75% increase in the value of transactions compared to the previous week, resulting in a gain of N5.9 billion for investors.
The Financial Services Industry led the way, with 2.74 billion shares valued at N34.54 billion traded in 42,655 transactions. This accounted for 50.12% of the total equity turnover volume and 31.95% of the total value. The Oil and Gas Industry followed closely, with 852.04 million shares worth N39.84 billion traded in 10,555 transactions. The Services Industry came in third, with a turnover of 400.19 million shares worth N2.52 billion in 9,214 transactions.
The top three equities, Royal Exchange, Access Holdings, and Japaul Gold & Ventures, accounted for 1.68 billion shares worth N12.82 billion in 8,036 transactions. The NGX All-Share Index and Market Capitalisation appreciated by 0.83% and 0.50%, respectively, closing the week at 120,989.66 and N76.34 trillion.
Seventy-eight equities saw an increase in price during the week, while 20 equities depreciated in value. The top five gainers were Meyer, RT Briscoe, FTN Cocoa Processors, International Energy Insurance, and UPDC, which grew by 60.11%, 50.83%, 40.24%, 35.43%, and 34.66%, respectively. On the other hand, the top five decliners were PZ Cussons Nigeria, Julius Berger Nigeria, SCOA Nigeria, VFD Group, and Halldane McCall, which lost N5.70, N12.40, 53k, 80k, and 20k, respectively.
In other news, the Nigerian Exchange Limited (NGX) announced the delisting of Notore Chemical Industries Plc, effective July 4, 2025. This follows the company’s application to delist its entire issued share capital from the NGX. The NGX had previously suspended trading in the company’s securities in preparation for the delisting.
The Nigerian stock market continues to show signs of growth and activity, with investors remaining optimistic about the prospects of various industries and companies. As the market continues to evolve, it will be interesting to see how investors respond to the delisting of Notore Chemical Industries and the overall performance of the NGX.
