NGX Achieves N8.66 Trillion Weekly Gain Amid Trading Surge

The Nigerian Exchange (NGX) reported a substantial weekly gain of N8.66 trillion amid heightened trading activity, with market capitalization increasing by 6.60% to N139.827 trillion from N131.166 trillion. The NGX share index climbed 6.57%, reaching 217,167.57 points, compared to 203,770.43 points the previous week.

During the review period, a total turnover of 3.588 billion shares valued at N195.313 billion was recorded across 254,553 deals, compared to 3.361 billion shares worth N151.948 billion in the preceding week. The financial services industry led trading activity, contributing 69.62% of the total equity turnover volume with 2.498 billion shares valued at N94.005 billion across 111,052 deals.

Notable gainers included Trans Nationwide Express PLC and Ecobank Transnational Incorporated, while losers included Coron Insurance PLC and Ikeja Hotel PLC. Additionally, the NGX notified that three insurance firms would enable investors to trade rights issues starting from specified dates in 2026 and 2024.