Stock Weekly
A total turnover of 4.373 billion shares worth N97.783 billion was traded this week by investors on the floor of the Exchange, in contrast to 6.617 billion shares valued at N113.224 billion that exchanged hands last week, reflecting a slowdown in market activity.
The Financial Services Industry (measured by volume) led the activity chart with 2.252 billion shares valued at N47.204 billion, contributing 51.49 percent and 48.27 percent to the total equity turnover volume and value respectively.
The ICT Industry followed with 1.118 billion shares worth N13.148 billion, while the Oil & Gas Industry recorded 233.891 million shares worth N4.726 billion in 7,515 deals.
Trading in the top three equities—E-Tranzact International Plc, Access Holdings Plc and FCMB Group Plc—accounted for 1.921 billion shares worth N22.218 billion in 9,558 deals, contributing 43.93 percent and 22.72 percent to the total equity turnover volume and value respectively.
The NGX All-Share Index and Market Capitalization appreciated by 1.63 percent and 1.64 percent, closing the week at 149,433.26 and N95.264 trillion respectively.
All other indices finished higher except the NGX Banking, NGX AFR Div. Yield, NGX MERI Growth, NGX MERI Value, NGX Oil and Gas, NGX Sovereign Bond, and NGX Commodity Indices, which declined by 0.12 percent, 0.75 percent, 1.07 percent, 0.27 percent, 0.13 percent, 2.02 percent and 0.49 percent respectively.
Market breadth closed mixed, with 49 equities appreciating (lower than 55 last week), 41 equities depreciating (higher than 29 last week), and 57 equities remaining unchanged (lower than 63 last week).
Top Gainers for the Week
• MORISON INDUSTRIES PLC 32.49 percent (N3.54 to N4.69)
• MECURE INDUSTRIES PLC 27.35 percent (N29.80 to N37.95)
• JAPAUL GOLD & VENTURES PLC 26.67 percent (N2.10 to N2.66)
• SOVEREIGN TRUST INSURANCE PLC 17.24 percent (N2.90 to N3.40)
• P Z CUSSONS NIGERIA PLC 16.19 percent (N40.45 to N47.00).
Top Losers for the Week
• ETERNA PLC. -14.93 percent (N35.50 to N30.20)
• U A C N PLC. -14.26 percent (N96.80 to N83.00)
• E-TRANZACT INTERNATIONAL PLC -10.00 percent (N14.00 to N12.60)
• TRANSCORP HOTELS PLC -9.95 percent (N172.80 to N155.60)
• CHELLARAMS PLC. -9.90 percent (N14.65 to N13.20)
ETP Market
A total of 210,164 units valued at N225.125 million were traded this week in 42 deals, compared with 410,186 units valued at N443.071 million traded last week in 54 deals.
Investor sentiment this week was mildly positive, supported by bargain-hunting in mid-cap counters and sustained interest in healthcare, industrial goods and ICT stocks. The upward movement in the ASI despite lower turnover suggests cautious optimism, with investors selectively positioning ahead of year-end portfolio adjustments.
However, weakness in banking and oil & gas indices indicates lingering concerns around system liquidity, interest-rate pressures, and corporate earnings expectations.
The market is expected to trade mixed with a positive bias, driven by continued positioning for full-year results and dividend expectations.
Stronger activity may return if liquidity conditions improve, while profit-taking could limit upside in recently rallied stocks. Investors will likely continue to focus on large-cap stability stocks and sectors resilient to interest rate fluctuations.
Ogochukwu Onwaeze
