The Nigerian stock market experienced a notable surge in activity during the week, with 3.188 billion shares valued at N99.685 billion changing hands across 132,711 deals. This marks a 10.4 % increase in total transaction value compared with the previous week, when 3.117 billion shares worth N90.295 billion were traded in 118,018 deals.
The Financial Services Industry dominated the market, accounting for 71.59 % of total equity turnover volume and 38.94 % of its value. Within this sector, 2.282 billion shares valued at N38.812 billion were exchanged in 57,934 transactions. The Consumer Goods Industry followed, with 198.393 million shares worth N12.836 billion traded in 17,508 deals, while the Oil and Gas sector ranked third, handling 186.744 million shares valued at N35.173 billion in 8,811 transactions.
The three leading equities—FCMB Group Plc, Access Holdings Plc, and Universal Insurance Plc—together represented 39.17 % of total equity turnover volume and 14.32 % of its value, with 1.249 billion shares worth N14.277 billion traded in 10,359 deals. The NGX All‑Share Index and market capitalisation both appreciated, rising 1.12 % to close the week at 140,545.69 and N88.922 trillion, respectively.
During the week, 70 equities increased in price, 22 declined, and 55 remained unchanged. The top five gainers were Etranzact International (+45.15 %), Regency Alliance Insurance (+27.69 %), Chellaram (+26.67 %), Daar Communications (+23.26 %), and Royal Exchange (+22.34 %). Conversely, the biggest decliners were Union Dicon Salt (‑N2.20), Thomas Wyatt Nigeria (‑N49 k), Secure Electronic Technology (‑N10 k), Nigerian Enamelware (‑N3.90), and May and Baker Nigeria (‑N1.80).
The heightened market activity and the appreciation of both the NGX All‑Share Index and market capitalisation signal a positive trend for the Nigerian stock market. The growth in transactions, especially the dominance of the Financial Services sector, reflects strong demand for stocks in this area. As the market continues to evolve, investors will be closely monitoring how these trends develop and influence the broader performance of the Nigerian economy.
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