August 24, (THEWILL) — Equities recorded a drop of N2.2 trillion in market capitalization in the week ended August 22, 2025, with the NGX All-Share Index dropping by 2.5 percent during the period.
This followed the mixed sentiment that characterized activities on the NGX during the week, with the negative trend halted on Friday, August 22.
Trading opened on Monday, August 15, with N91.50 trillion that closed the market on Friday August 15, ending in the positive territory with a gain of N60 billion as the market closed at N91.56 trillion.
Thereafter, the downward trend remained consistent at N90.2 trillion, N89.5 trillion and N88.7 trillion on Tuesday, Wednesday and Thursday respectively, before reversing to the green with N89.2 trillion on Friday, August 22.
Analysis of the week’s activities showed that a total turnover of 4.773 billion shares worth N107.426 billion in 152,965 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 8.564 billion shares valued at N99.936 billion that exchanged hands last week in 177,870 deals.
The Financial Services Industry (measured by volume) led the activity chart with 3.734 billion shares valued at N60.627 billion traded in 72,977 deals; thus contributing 78.24% and 56.44% to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 370.404 million shares worth N14.025 billion in 17,997 deals. Third place was the Services Industry, with a turnover of 176.285 million shares worth N1.279 billion in 8,790 deals.
Trading in the top three equities, namely Universal Insurance Plc, Zenith Bank Plc and FCMB Group Plc (measured by volume), accounted for 1.201 billion shares worth N29.433 billion in 10,537 deals, contributing 25.16% and 27.40% to the total equity turnover volume and value respectively.
The NGX All-Share Index and Market Capitalization depreciated by 2.51% to close the week at 141,004.14 and N89.209 trillion respectively.
Similarly, all other indices finished lower with the exception of NGX Consumer Goods and NGX Growth which appreciated by 0.83% and 4.14% respectively, while the NGX AseM and NGX Commodity indices closed flat.
The week’s performance resulted in an overall year-to-date gain of 37%.
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
