The Nigerian Exchange (NGX) ended last week on a positive note, with the All-Share Index (ASI) and market capitalisation rising by 0.88% to close at 244,738.74 points and N156.970 trillion, respectively, following a four-day trading week.
Market Overview
Trading was limited to four sessions as the federal government declared Friday, June 12, 2026, a public holiday for Democracy Day. During the week, a total turnover of 4.964 billion shares valued at N207.521 billion was recorded in 235,966 deals, compared to 3.966 billion shares worth N175.659 billion traded in 343,587 deals the previous week.
Sector Performance
The Financial Services Industry dominated trading activity, accounting for 4.116 billion shares valued at N84.607 billion in 96,165 deals. This sector represented 82.92% of the total equity turnover volume and 40.77% of the total traded value. The Services Industry followed with 232.479 million shares valued at N4.955 billion in 17,614 deals, while the Industrial Goods Industry recorded 144.988 million shares worth N39.077 billion in 24,775 deals.
Trading in the top three equities by volume—Sterling Financial Holdings Company Plc, FCMB Group Plc, and Access Holdings Plc—accounted for 2.883 billion shares worth N36.188 billion in 15,533 deals, representing 58.09% of the total equity turnover volume and 17.44% of the total traded value.
Market Sentiment
Market breadth was mixed, with 40 equities recording price appreciation, up from 23 gainers in the prior week, while 53 equities declined compared to 65 in the previous week. Fifty-three equities remained unchanged, versus 58 in the prior week.
Top Price Gainers
- Associated Bus Company Plc: N6.21 to N7.80 (+N1.59, +25.60%)
- Consolidated Hallmark Holdings Plc: N6.70 to N8.25 (+N1.55, +23.13%)
- Abbey Mortgage Bank Plc: N9.35 to N11.40 (+N2.05, +21.93%)
- Infinity Trust Mortgage Bank Plc: N9.35 to N11.25 (+N1.90, +20.32%)
- Austin Laz & Company Plc: N3.76 to N4.33 (+N0.57, +15.16%)
- The Initiates Plc: N29.25 to N33.45 (+N4.20, +14.36%)
- FTN Cocoa Processors Plc: N8.30 to N9.41 (+N1.11, +13.37%)
- NEM Insurance Plc: N30.00 to N34.00 (+N4.00, +13.33%)
- First HoldCo Plc: N62.00 to N69.00 (+N7.00, +11.29%)
- Oando Plc: N48.00 to N53.00 (+N5.00, +10.42%)
Top Price Decliners
- Fidson Healthcare Plc: N136.50 to N101.20 (-N35.30, -25.86%)
- Neimeth International Pharmaceuticals Plc: N10.60 to N8.55 (-N2.05, -19.34%)
- UH Real Estate Investment Trust: N84.70 to N70.00 (-N14.70, -17.36%)
- Sunu Assurances Nigeria Plc: N4.48 to N4.97 (-N0.51, -11.38%)
- Unilever Nigeria Plc: N156.00 to N140.00 (-N16.00, -10.26%)
- Okomu Oil Palm Plc: N1,750.00 to N1,575.00 (-N175.00, -10.00%)
- Academy Press Plc: N8.25 to N7.45 (-N0.80, -9.70%)
- Guinness Nigeria Plc: N402.60 to N365.50 (-N37.10, -9.22%)
- R.T. Briscoe Plc: N14.86 to N13.55 (-N1.31, -8.82%)
- John Holt Plc: N14.90 to N13.60 (-N1.30, -8.72%)
Earlier, Legit.ng reported that Nigerian billionaire Abdul Samad Rabiu would earn N189.74 billion in dividends from his stake in BUA Cement Plc after the company declared a N10.00 dividend per share at its 10th Annual General Meeting in Abuja.
