The Nigerian Exchange (NGX) closed the trading week with the All-Share Index appreciating by 2.36% to settle at 166,129.50 points, while market capitalisation rose by 2.48% to hit N106.354 trillion. The positive performance was driven by broad gains across most sectors, with financial services stocks dominating trading activity.
Market Turnover and Sector Performance
A total turnover of 4.607 billion shares valued at N130.636 billion was recorded in 263,439 deals during the week, compared with 4.164 billion shares worth N94.026 billion traded in 248,254 deals in the previous week. This represents a significant increase in trading activity, reflecting renewed investor confidence.
The financial services industry led trading activity by volume, with 3.126 billion shares valued at N47.225 billion exchanged in 94,186 deals. The sector accounted for 67.84% of total equity turnover volume and 36.15% of total value. The Services industry followed, recording 353.436 million shares worth N5.096 billion traded in 17,764 deals, while the ICT industry ranked third with a turnover of 277.263 million shares valued at N18.009 billion in 28,525 deals.
Top Performing Equities
Trading in the top three equities by volume—Sovereign Trust Insurance Plc, Access Holdings Plc, and Linkage Assurance Plc—accounted for 1.406 billion shares worth N9.735 billion in 11,732 deals, representing 30.52% of total volume and 7.45% of total value.
All sectoral indices closed higher during the week, except the NGX AFR Dividend Yield Index, which declined by 0.15%. Market breadth remained positive, though slightly weaker than the previous week. Eighty equities recorded price appreciation, compared with 84 in the prior week. Seventeen equities declined, down from 22 previously, while 50 equities closed unchanged, up from 42 in the previous week.
Top Gainers
NCR (Nigeria) Plc topped the gainers list with a 60.79% price jump, rising from N79.95 to N128.55. SCOA Nigeria Plc followed with a 59.36% gain to N14.90, while DEAP Capital Management & Trust Plc rose 48.67% to N4.46. Other notable gainers included Jaiz Bank Plc (45.73% to N8.19), Omatek Ventures Plc (38.28% to N1.77), and Red Star Express Plc (25.71% to N13.20).
Top Decliners
On the flip side, Ikeja Hotel Plc led the decliners with a 12.38% drop to N35.05. Austin Laz & Company Plc fell 9.20% to N3.75, while Eterna Plc declined 7.71% to N32.30. Other decliners included Universal Insurance Plc (-7.69% to N1.20), Eunisell Interlinked Plc (-7.57% to N156.95), and Lasaco Assurance Plc (-6.72% to N2.50).
Market Context and Investor Sentiment
The weekly performance reflects a resilient market despite global economic uncertainties. According to analysts, the sustained interest in financial services stocks, particularly insurance and banking, underscores investor appetite for value stocks with strong fundamentals. The positive market breadth, with more gainers than decliners, indicates broad-based buying interest.
Meanwhile, in a separate development, Nigerian billionaire businessman Femi Otedola expanded his overseas property portfolio with the purchase of a luxury mansion in London valued at approximately N98 billion (£53 million). UK property records show that Otedola is the latest owner of the high-end residence in St John’s Wood, one of London’s prestigious neighbourhoods. Bloomberg reported that the 10-bedroom property, located near Regent’s Park, was acquired in late 2025.
