Investors on the Nigerian Exchange (NGX) traded a total of 3.214 billion shares worth ₦76.35 billion in 64,156 deals this past week, marking a significant drop compared to the 3.794 billion shares valued at ₦119.39 billion exchanged in 89,636 transactions the previous week. This reflects a 56.4% decline in transaction value.
Trading was limited to four days due to the Eid-el-Kabir public holidays declared on Friday, June 6 and Monday, June 9.
Sector Highlights
- Financial Services topped the activity chart with 2.313 billion shares worth ₦52.24 billion across 27,326 deals, contributing 72% of total volume and 68.4% of total value.
- The ICT sector followed, trading 301.996 million shares valued at ₦5.03 billion in 4,137 deals.
- Consumer Goods came third with 144.538 million shares worth ₦5.63 billion in 8,093 deals.
Top Traded Equities
Fidelity Bank Plc, Legend Internet Plc, and Guaranty Trust Holding Company Plc led trading, accounting for 1.545 billion shares worth ₦34.45 billion in 4,939 deals, representing 48.1% of volume and 45.1% of value.
Market Indices
- The NGX All-Share Index rose by 2.57% to close at 114,616.75.
- Market capitalisation climbed to ₦72.275 trillion.
- All other indices posted gains, except the NGX ASeM Index, which remained flat.
Market Breadth
- 53 equities gained, down from 56 the previous week.
- 43 equities declined, slightly less than 44 last week.
- 52 equities remained unchanged, up from 48.
Weekly Gainers
Top five gainers included:
- Oando Plc (+25.77%, ₦11.65 gain)
- Lasaco Assurance Plc (+21.62%, ₦0.56 gain)
- Multiverse Mining (+20.39%, ₦1.55 gain)
- Cornerstone Insurance (+19.51%, ₦0.64 gain)
- First Holdco (+17.60%, ₦4.40 gain)
Weekly Decliners
Top five losers were:
- Associated Bus Company (-₦0.55)
- Julius Berger (-₦18.50)
- Legend Internet (-₦0.82)
- Livestock Feeds (-₦1.15)
- E-Tranzact International (-₦0.80)
Additionally, the May 2025 issue of the Federal Government of Nigeria Savings Bonds was listed on the NGX on Thursday.
