Investors on the Nigerian Exchange Ltd. (NGX) traded a total of 1.818 billion shares valued at N47.226 billion in 64,222 transactions this week, reflecting a decline in market activity compared to the previous week.
According to NGX’s weekly report, this represents an 8.81% drop in transaction value from last week’s N51.387 billion, despite a slightly higher number of deals (63,090 last week).
The Financial Services Industry dominated trading, accounting for 1.260 billion shares worth N27.817 billion in 29,800 deals. This sector contributed 69.31% of the total trading volume and 58.90% of total value.
The Consumer Goods Industry followed with 123.336 million shares valued at N3.069 billion in 7,793 deals, while the Services Industry recorded 118.931 million shares worth N832.602 million in 3,730 deals.
Zenith Bank Plc, Fidelity Bank Plc, and Access Holdings Plc led trading activity, contributing 451.558 million shares worth N13.583 billion in 10,055 deals. This accounted for 24.84% of total traded volume and 28.76% of market value.
The NGX All-Share Index fell by 1.19% to close at 106,538.60 points, while the market capitalization declined by 0.71% to N66.717 trillion. Most indices ended lower, except for the NGX ASeM and NGX Commodity indices, which gained 0.04% and 0.19%, respectively.
A total of 30 equities appreciated, higher than 27 in the previous week. However, 58 stocks declined, a slight improvement from 60 last week, while 62 equities remained unchanged.
The top five decliners for the week were Eterna (-N7.85), Transnational Corporation (-N10.10), First City Monument Bank (-N1.50), Royal Exchange (-12k), and Sovereign Trust (-15k).
The top five gainers included Tantalizers (+36.32%), UH Real Estate Investment Trust (+28.59%), Livestock Feeds (+12.38%), Nigerian Exchange Group (+10%), and Learn Africa (+10%).
Despite the overall decline in market performance, increased trading activity in the Financial Services sector and key equity gains indicate sustained investor interest in select stocks.
