Investors Trade 5.47 Billion Shares Worth N108bn In One Week

The Nigerian equities market witnessed a significant boost in trading activity during the week ended, as total turnover soared to 5.466 billion shares valued at ₦108.099bn, executed in 118,570 deals.

This reflects a marked improvement from the 3.903 billion shares worth ₦102.22bn traded in 114,484 deals the previous week, signaling renewed investor participation and growing momentum across key sectors.

The performance of the overall market was also positive, with the Nigerian Exchange (NGX) All-Share Index appreciating by 0.83 per cent to close at 120,989.66 points, while market capitalization advanced by 0.50 per cent to settle at ₦76.34tn.

Despite the broad-based rally, not all sectors participated in the uptrend, as the NGX Premium Index and NGX Industrial Goods Index recorded respective declines of 0.77 per cent and 2.11 per cent, underscoring sector-specific challenges amid the broader market rebound.

Investor interest remained heavily concentrated in the Financial Services Industry, which once again dominated the activity chart. The sector accounted for 2.739 billion shares valued at ₦34.54bn, exchanged in 42,646 deals, contributing 50.12 per cent and 31.95 per cent to the week’s total equity turnover volume and value, respectively.

The oil and gas Industry followed closely with a turnover of 852.042 million shares worth ₦39.84bn in 10,555 deals, reflecting strong trading interest in energy-related equities.

The services industry ranked third, as it recorded 400.194 million shares valued at ₦2.52bn in 9,214 deals, signaling moderate but steady investor attention within the sector. Notably, three equities—Royal Exchange Plc, Access Holdings Plc, and Japaul Gold & Ventures Plc—emerged as the most traded stocks during the week.

These companies collectively accounted for 1.688 billion shares worth ₦12.82bn across 8,036 deals, representing 30.88 per cent of total turnover volume and 11.86 per cent of total market value.

In terms of price movement, 78 equities recorded gains during the week, maintaining the same number of advancers as recorded in the previous week. On the downside, 20 equities declined, which is an improvement from the 27 losers reported in the prior week.

Meanwhile, 49 equities remained unchanged, slightly up from 43 in the preceding week, suggesting a stabilizing sentiment across several tickers.

The uptick in both market turnover and index performance reflects improved investor confidence, likely buoyed by stabilizing macroeconomic indicators, corporate earnings expectations, and positioning ahead of anticipated policy actions.

As market participants continue to navigate a complex environment of monetary tightening, FX reforms, and sectoral realignments, the equities market appears to be regaining traction, with key sectors driving renewed interest and liquidity inflows.