Trading activity on the Nigerian Exchange Ltd. (NGX) soared last week as investors exchanged 7.684 billion shares worth N494.13 billion in 116,645 deals.
This marked a sharp rise from the previous week’s 2.735 billion shares valued at N85.20 billion in 127,284 transactions — representing a 479.9% increase in transaction value.
The Financial Services Industry dominated activity, accounting for 6.399 billion shares valued at N71.81 billion in 54,799 deals.
This represented 83.27% of the total equity turnover volume. The Oil and Gas Industry followed with 730.52 million shares worth N391.36 billion, while the Services Industry placed third with 128.65 million shares valued at N962.91 million.
Top trades were led by Unity Bank Plc, Aradel Holdings Plc, and Consolidated Hallmark Holdings Plc, which jointly recorded 5.209 billion shares worth N404.95 billion in 2,667 deals, contributing 67.79% of total volume and 81.95% of total value.
The NGX All-Share Index gained 0.20% to close at 142,133.03, while market capitalization rose 0.24% to N89.96 trillion. Thirty-two equities appreciated during the week, while 51 declined and 64 remained unchanged.
The week’s top gainers included Thomas Wyatt Nigeria (+22.68%), Secure Electronic Technology (+21.33%), and Mecure Industries (+20.83%). Decliners were led by Wema Bank (-N2.55), Fidelity Bank (-N2.30), and Eterna (-N3.10).
In regulatory updates, NGX announced the listing of 3.17 billion additional ordinary shares of FCMB Group Plc on September 23, arising from a N23.1 billion loan-to-equity conversion. This increases FCMB’s issued and fully paid-up shares to 42.77 billion ordinary shares of 50 kobo each.
