The Nigerian Exchange (NGX) concluded the trading week on a negative note, with investors witnessing a significant loss of N370 billion as the market capitalisation declined. The All-Share Index depreciated by 0.25% to close at 249,712.37 points, while market capitalisation eased to N160.077 trillion, reflecting a 0.23% drop.
Market Performance Overview
Total turnover for the week stood at 3.88 billion shares valued at N161.76 billion, executed in 334,745 deals. This represents a decline compared to the previous week, which recorded 7.77 billion shares worth N374.04 billion in 402,945 transactions.
Sectoral Analysis
The Financial Services industry dominated trading activity, accounting for 62.19% of total turnover volume. A total of 2.41 billion shares worth N69.71 billion were traded in this sector across 126,919 deals. The Services industry ranked second with 409.31 million shares valued at N5.41 billion, while the Oil & Gas industry came third with 294.86 million shares worth N31.50 billion.
Top Traded Equities
Sterling Financial Holdings Company Plc, Fidelity Bank Plc, and Access Holdings Plc were the most actively traded stocks. Together, they accounted for 1.09 billion shares valued at N19.53 billion, representing 28.18% of total equity turnover volume and 12.07% of total value traded.
Market Breadth
Market breadth was negative, with 38 equities appreciating in price compared to 74 in the previous week. Meanwhile, 55 equities depreciated, and 53 closed flat, against 24 losers and 48 unchanged equities recorded in the prior week.
Top Gainers
- Associated Bus Company Plc: Gained 2.81 (+44.82%) to close at 9.08
- Academy Press Plc: Gained 2.10 (+29.79%) to close at 9.15
- University Press Plc: Gained 1.40 (+28.00%) to close at 6.40
- International Energy Insurance Plc: Gained 0.62 (+22.22%) to close at 3.41
- Learn Africa Plc: Gained 2.05 (+18.89%) to close at 12.90
Top Decliners
- Sovereign Trust Insurance Plc: Lost 0.66 (-22.45%) to close at 2.28
- Trans-Nationwide Express Plc: Lost 1.34 (-18.98%) to close at 5.72
- CAP Plc: Lost 34.70 (-14.85%) to close at 199.00
- Berger Paints Plc: Lost 21.35 (-12.64%) to close at 147.60
- R.T. Briscoe Plc: Lost 1.77 (-11.18%) to close at 14.06
The negative performance was driven by losses in consumer defensive and industrial stocks, reflecting cautious investor sentiment. Despite the weekly decline, market analysts continue to monitor economic indicators and corporate earnings for future direction.
