NGX Turnover Slumps To 2.88 Billion Shares As Market Capitalisation Rises To N97.89trn

Trading activity on the Nigerian Exchange (NGX) declined sharply during the holiday-shortened trading week, with investors exchanging a total of 2.876 billion shares valued at N63.83bn across 80,229 deals.

This represented a significant drop from the preceding week, when 9.849 billion shares worth N305.84bn were traded in 126,584 transactions.

Despite the slowdown in turnover, market performance remained positive as key indicators closed the week higher. The NGX All-Share Index appreciated by 0.97 per cent to settle at 153,539.83 points, while market capitalisation rose by 0.98 per cent to N97.890trn, reflecting renewed investor confidence in select equities.
Broadly, sectoral indices ended the week on a positive note, although performance was mixed across segments of the market.

The NGX Premium, NGX Insurance, NGX MERI Growth and NGX Lotus II indices recorded declines of 0.51 per cent, 2.13 per cent, 0.23 per cent and 0.62 per cent respectively.

Meanwhile, the NGX Oil and Gas Index and the NGX Sovereign Bond Index closed flat, indicating subdued sentiment in those segments.

The market operated for only three trading sessions during the week, following the Federal Government’s declaration of Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark the Christmas celebration.

The shortened trading window largely contributed to the lower volumes and reduced transaction value recorded.

An analysis of trading by sector showed that the Financial Services Industry dominated market activity. The sector accounted for 1.984 billion shares valued at N32.68bn traded in 31,632 deals, representing 68.99 per cent of total equity turnover by volume and 51.20 per cent by value.

The Investment Industry followed, with 208.695 million shares worth N2.26bn exchanged in 640 deals, while the Conglomerates Industry ranked third with 147.002 million shares valued at N6.08bn across 1,676 transactions.

Trading in Abbey Mortgage Bank Plc, VFD Group Plc and Custodian Investment Plc emerged as the most active by volume during the week.

Combined, the three equities accounted for 1.471 billion shares valued at N14.68bn in 1,093 deals, contributing 51.15 per cent of total market volume and 23.00 per cent of overall transaction value.

Market breadth closed positive but moderated compared with the previous week. Forty-four equities recorded price appreciation, down from fifty-five gainers recorded earlier.

Thirty equities closed lower, compared with thirty-six decliners in the preceding week, while seventy-three equities remained unchanged, higher than the fifty-five recorded previously.

Overall, the week’s performance reflected cautious trading amid reduced market participation due to the holiday period, even as price gains in select stocks lifted the broader market indices.