The Nigerian Exchange (NGX) gained N1.25tn in one week as the All-Share Index and Market Capitalisation appreciated by 1.42 per cent and 2.02 per cent, respectively, closing at 103,586.33 points and N63.166tn, respectively.
Investors on the NGX last week recorded a turnover of 2.618bn shares worth N69.742 bn in 47,953 deals across the four trading days. This represents an increase from the 1.387bn shares valued at N52.023bn exchanged in 33,411 deals the previous week.
The analysis by the Punch newspaper on Monday said that the Financial Services Industry dominated trading activities, accounting for 66.88 per cent of total volume and 24.49 per cent of the total value, with 1.751bn shares worth N17.079bn traded in 20,595 deals. The Services and ICT Industries followed, with 205.807 million shares worth N1.829 bn and 189.938 million shares worth N1.844bn, respectively.
It added that top equities traded included Royal Exchange Plc, Chams Holding Company Plc, and Universal Insurance Plc, contributing 23.38 per cent of the total turnover volume with 612.033 million shares worth N773.439 million in 2,108 deals.
The report stated that Market breadth improved as 82 equities appreciated, up from 64 recorded in the previous week, while 18 equities declined compared to 20 in the prior week. 52 equities remained unchanged, down from 69 recorded earlier.
PZ Cussons Nigeria Plc led the decliners, dropping by 13.79 per cent to close at N25.00 from an opening price of N29.00. CWG Plc followed with a loss of 10.83 per cent, closing at N7.00 from N7.85. Union Dicon Salt Plc shed 10.00 per cent, ending the week at N7.20 from N8.00, while Nigerian Exchange Group dropped by 9.17 per cent to close at N27.25 from N30.00. Cadbury Nigeria Plc completed the list, losing 6.52 per cent to settle at N21.50 from N23.00.
Meanwhile, the Oil and Gas and Sovereign Bond indices dipped by 0.45 per cent and 3.28 per cent, respectively, as other indices posted gains.
Also, the Federal Government of Nigeria’s December 2024 issue of Savings Bonds has been listed on the NGX. The bonds include two tranches: a two-year bond with a coupon of 17.483 per cent and a 3-year bond with a coupon of 18.483 per cent.
The bonds, issued on December 11 2024, will mature on December 11 2026 and December 11 2027, respectively, with quarterly coupon payments scheduled. The total amount issued was N876.87 m and N2.44 bn for the respective tranches.
The report said that the equity market began 2025 on a positive note, with the Nigerian Exchange recording a gain of N155bn as the All Share Index appreciated by 0.25 per cent.
GIK/APA