Nigerian Exchange Sees 2.78% Gain, Market Hits N162.16trn

The Nigerian Exchange (NGX) ended the trading week on a bullish note, with the All-Share Index gaining 2.78% and market capitalization increasing by 2.90% to N162.157 trillion. The weekly trading activity resulted in a turnover of 3.249 billion shares worth N237.986 billion across 287,919 deals.

This represents a decrease in volume compared to the previous week, which recorded 3.647 billion shares valued at N130.151 billion in 244,777 deals, but a significant rise in total value. The most active sector by volume was the financial sector, with 2.581 billion shares valued at N97.212 billion traded in 138,900 deals, accounting for 79.43% of total equity turnover by volume and 40.85% by value.

The Services sector followed with 131.102 million shares worth N2.731 billion in 15,084 deals, while the ICT industry ranked third with 114.622 million shares valued at N21.541 billion in 29,152 deals. Fidelity Bank Plc, Sterling Financial Holdings Company Plc, and Mutual Benefits Assurance Plc were the top three most actively traded equities by volume, together accounting for 1.229 billion shares worth N15.942 billion in 7,796 deals, representing 37.83% of total equity turnover volume and 6.70% of total value.