Investors on the Nigerian Exchange (NGX) gained a total of ₦822 billion this week as the market closed on a positive note, with key indices appreciating by nearly 1 percent.
The All-Share Index (ASI) rose by 0.92% to close at 141,845.35 points, while market capitalisation increased to ₦89.744 trillion, up from ₦88.922 trillion last week.
Two-point-seven-three-five (2.735) billion shares worth ₦85.197 billion were traded in 127,284 deals within the week, against the 3.188 billion shares valued at ₦99.685 billion traded in 132,711 deals, last week.
The Financial Services Industry led activity with 1.909 billion shares worth ₦37.834 billion traded in 56,026 deals, representing 69.8% of total volume and 44.4% of value.
The ICT Industry followed with 184.87 million shares worth ₦6.19 billion, while the Services Industry ranked third with 176.5 million shares worth ₦813.3 million.
The top three equities — Abbey Mortgage Bank, Fidelity Bank, and UBA — accounted for 875.8 million shares worth ₦16.4 billion, contributing 32% of total turnover volume.
Gainers and Losers
A total of 40 equities gained, fewer than 70 recorded last week, while 41 equities declined, higher than 22 in the previous week. 66 equities remained unchanged.
Top five gainers:
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Guinness Nigeria (+28.6% to ₦40.90)
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Multiverse Mining (+21.3% to ₦2.45)
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Eunisell Interlinked (+20.3% to ₦5.15)
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Etranzact International (+11.7% to ₦1.75)
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Chellaram (+9.8% to ₦1.30)
Top five decliners:
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Omatek Ventures (-24k)
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Cornerstone Insurance (-₦1.13)
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Secure Electronic Technology (-11k)
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Royal Exchange (-26k)
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United Bank for Africa (-₦4.50)
