NGX Reports 8.761bn Shares Traded Amid Holiday Break

The Nigerian Exchange (NGX) recorded a trading volume of 8.761 billion shares valued at ₦267.253 billion across three days, despite a shortened trading week caused by public holidays on March 19 and 20, 2026, for Eid el-Fitr celebrations. This volume starkly contrasts with the previous week's total of 3.321 billion shares valued at ₦164.845 billion.

The ICT sector dominated trading activity, accounting for 5.330 billion shares worth ₦46.825 billion, representing 60.84% of total equity turnover. Heavy trading was noted in e-Tranzact International PLC, FCMB Group PLC (NGX: FCMB), and Wema Bank PLC (NGX: WEMABANK), which collectively represented nearly 70% of the week's total volume.

The NGX share index appreciated by 1.39%, closing at 201,156.86 points, with a market capitalization of ₦129.126 trillion. Analysts from Meristem Securities observed a strategic shift among institutional players as investors sought to lock in attractive rates amid declining yields in fixed-income securities.

The surge in the ICT sector reflects a significant structural shift in the Nigerian Exchange, with the sector contributing 60.84% of total volume, driven by fintech companies and the expansion of digital payment infrastructure.