NGX Turnover Hits 6.6 Billion Shares As Market Capitalization Rises To N93.7trn
The Nigerian Exchange (NGX) ended the week on a strong positive note, recording a substantial increase in trading volume alongside gains across major market indicators.
Investors traded a total of 6.617 billion shares worth N113.22bn in 109,590 deals, marking a significant rise in turnover volume compared with the 4.140 billion shares valued at N115.89bn exchanged in 102,351 deals the previous week.
Despite a slight dip in the total value of transactions, the sharp increase in volume highlighted growing investor activity.
The bullish sentiment reflected in the performance of key indices, as the NGX All-Share Index (ASI) appreciated by 2.45 per cent to close at 147,040.08, while market capitalization advanced by 2.67 per cent to N93.72trn.
Most sectoral indices closed higher, except for the NGX Oil and Gas Index and the NGX Commodity Index, which declined by 0.57 per cent and 0.30 per cent respectively.
By volume, the ICT sector led the market with 3.500 billion shares worth N17.76bn traded in 11,184 deals, contributing 52.89 per cent and 15.68 per cent to total turnover volume and value.
Advertisement
The Financial Services sector followed closely with 2.625 billion shares valued at N50.19bn in 42,574 deals, while the Services sector ranked third with 104.524 million shares worth N1.166 billion traded in 7,255 deals.
The top three most traded equities, E-Tranzact International Plc, Cornerstone Insurance Plc, and Access Holdings Plc, were responsible for 4.871 billion shares valued at N27.42bn in 6,438 deals, accounting for 73.60 per cent of total turnover volume and 24.22 per cent of total value.
Market breadth also improved notably. Fifty-five equities appreciated in price, up from 38 in the previous week. In contrast, 29 equities recorded losses, down from 36, while 63 equities remained unchanged compared with 73 in the preceding week.
The week’s performance underscores renewed investor confidence, supported by surging trading activity and broad-based gains across sectors.
