Investors on the Nigerian Exchange Limited recorded a total turnover of 2.645 billion shares valued at N77bn in 86,110 deals last week, representing an increase from the 2.200 billion shares worth N75.4bn exchanged in 70,329 deals the previous week.
This trading performance coincided with a bullish momentum on the local bourse, which added approximately N1.69tn in market capitalisation over the week. The market capitalisation settled at N68.339tn, up from N66.647tn, while the All-Share Index rose to 108,733.40 points.
The Financial Services sector led the activity chart in terms of volume, trading 1.638 billion shares valued at N45.825bn in 37,843 deals. This accounted for 61.90 per cent and 59.51 per cent of the total equity turnover volume and value, respectively.
The Services industry followed with 364.653 million shares worth N2.909bn in 7,760 deals, while the Consumer Goods sector came third with 190.221 million shares valued at N6.771bn in 10,595 deals.
Guaranty Trust Holding Company Plc, Access Holdings Plc, and Tantalizer Plc were the top three traded equities by volume. Together, they accounted for 839.689 million shares valued at N27.737bn in 8,898 deals, representing 31.74 per cent and 36.02 per cent of the total equity turnover volume and value, respectively.
All other indices on the Exchange ended higher, except for the NGX MERI Growth Index, which declined by 0.15 per cent. The NGX ASeM Index closed flat.
According to the capital market analysis by the Punch newspaper on Monday, a total of 26,367 units of Exchange Traded Products valued at N6.753m were traded in 88 deals during the week, a steep drop from the 1.039 million units worth N43.613m exchanged in 83 deals the prior week. For fixed income, a total of 169,476 bond units valued at N175.3m were traded in 30 deals, compared to 6,327 units valued at N5.689m in 15 deals the previous week.
It noted that market sentiment remained positive as 68 equities appreciated in price, higher than the 52 recorded in the previous week. Meanwhile, 28 equities depreciated, down from 37 in the prior week, while 52 equities remained unchanged, compared to 59 recorded earlier.
Leading the pack of gainers was Multiverse Mining and Exploration Plc, which rose from N6.35 to N10.00, gaining N3.65 or 57.48 per cent. Academy Press Plc followed, appreciating by 50.52 per cent from N2.87 to N4.32.
Beta Glass Plc gained N50.85, moving from N109.80 to N160.65, representing a 46.31 per cent increase. Other notable gainers included The Initiates Plc, which gained 34.95 per cent, and International Energy Insurance Plc, which added 31.88 per cent in value.
On the decliners’ side, Abbey Mortgage Bank Plc shed N1.30 or 15.66 per cent, closing at N7.00 from N8.30. Meyer Plc declined by N1.25 or 13.51 per cent to end the week at N8.00. Veritas Kapital Assurance Plc also recorded a 10.81 per cent loss, while VFD Group Plc and Transcorp Power Plc fell by 10.61 per cent and 9.98 per cent respectively.
In regulatory actions, the NGX announced the suspension of trading in the shares of Golden Guinea Breweries Plc, effective May 6, 2025. The suspension was in line with Rule 3.1 of the Default Filing Rules, which mandates the Exchange to halt trading in a company’s securities if it fails to submit relevant accounts after a 90-day cure period.
Golden Guinea Breweries Plc failed to file its unaudited financial statements for the period ended December 31, 2024. The suspension will remain in place until the required financials are submitted to the Exchange.
It added that the overall positive market trajectory underscores investor confidence, particularly in key sectors like Financial Services, which continue to attract significant liquidity amid increasing interest in sustainable investing and corporate transparency.
The report recalled that the Nigerian Exchange closed in positive territory on Thursday, adding N240bn to its market capitalisation despite a slowdown in trading volume, turnover, and deal numbers.
GIK/APA