Total Turnover
A total of 4.140 billion shares worth N115.889 billion was traded this week on the floor of the Exchange, compared with 2.668 billion shares valued at N106.264 billion last week.
Sector Activity
- Financial Services: 3.358 billion shares worth N81.175 billion traded in 43,392 deals (contributing 81.10 percent and 70.05 percent to total turnover volume and value).
- Services Industry: 148.272 million shares worth N1.319 billion.
- Consumer Goods Industry: 143.638 million shares worth N7.988 billion.
Top Traded Equities (by volume)
• Cornerstone Insurance Plc, Guaranty Trust Holding Company Plc, Access Holdings Plc: 2.005 billion shares worth N47.535 billion in 10,185 deals (48.43 percent and 41.02 percent of total volume and value).
Market Indices
• NGX All-Share Index: depreciated by 0.14 percent to 143,520.53
• Market Capitalization: depreciated by 0.14 percent to N91.286 trillion
Other indices mostly declined, except:
NGX CG (+0.62 percent), NGX Premium (+0.50 percent), NGX Banking (+0.67 percent), NGX Pension (+0.53 percent), NGX AFR Div. Yield (+0.94 percent), NGX AFR Bank Value (+0.89 percent), NGX MERI Growth (+0.15 percent), NGX MERI Value (+0.52 percent), NGX Lotus II (+0.33 percent), NGX Growth (+0.01 percent), NGX Sovereign Bond (+0.24 percent).
Thirty-eight (38) equities appreciated in price during the week, higher than twenty (20) equities in the previous week. Thirty-six (36) equities depreciated in price, lower than sixty (60) equities in the previous week, while seventy-three (73) equities remained unchanged, higher than sixty-seven (67) recorded in the previous week.
TOP GAINERS
IKEJA HOTEL PLC 45.08 percent (N20.85 to N30.25)
NCR (NIGERIA) PLC 32.97 percent (N41.10 to N54.65)
U A C N PLC 12.71 percent (N70.00 to N78.90)
CWG PLC 11.84 percent (N16.05 to N17.95)
VERITAS KAPITAL ASSURANCE PLC 11.25 percent (N1.60 to N1.78)
TOP LOSERS
MEYER PLC -18.89 percent (N16.15 to N13.10)
SUNU ASSURANCES NIGERIA PLC -14.78 percent (N4.60 to N3.92)
UPDC PLC -11.93 percent (N5.70 to N5.02)
TANTALIZERS PLC -10.36 percent (N2.51 to N2.25)
ABBEY MORTGAGE BANK PLC -10.00 percent (N6.50 to N5.85)
A total of 117,523 units valued at N120.742 million were traded this week in 38 deals compared with a total of 91,112 units valued at N93.218 million transacted last week in 34 deals.
Investor Sentiment
Market sentiment this week reflected cautious optimism. Investors showed selective buying, particularly in financial services stocks, as gains in IKEJA HOTEL PLC and NCR (NIGERIA) PLC offset losses in consumer and insurance sectors. Overall, confidence was moderate, with trading activity slightly higher than the previous week.
Outlook for Next Week
Analysts expect mixed performance next week, with the Financial Services sector likely to continue driving activity. Market watchers suggest that liquidity flows and corporate earnings releases could influence stock movements, while broader economic indicators such as inflation data may affect investor positioning.
Ogochukwu Onwaeze
