Investors on the Nigerian Exchange Ltd. (NGX) traded 2.094 billion shares worth N52.967 billion across 64,612 deals during the week under review. This contrasts with the 1.183 billion shares, valued at N28.868 billion, that exchanged hands in 42,397 transactions the previous week.
As a result, the value of transactions traded by investors on the exchange increased by 83.5 per cent, with investors gaining N24.099 billion.
The financial services sector led the activity chart, with 1.539 billion shares, valued at N36.353 billion, traded in 36,013 transactions. This accounted for 73.49 per cent and 68.63 per cent of the total equity turnover volume and value, respectively.
Following in second place was the agriculture industry, with 98.884 million shares worth N1.344 billion traded in 2,772 deals.
The services industry came third, with a turnover of 93.000 million shares worth N522.147 million in 3,012 transactions.
Trading in the top three equities—Access Holdings Plc, Guaranty Trust Holding Company Plc, and Zenith Bank Plc—accounted for 629.327 million shares, valued at N25.820 billion, in 12,742 transactions. This contributed 30.06 per cent and 48.75 per cent of the total equity turnover volume and value, respectively.
The NGX All-Share Index and market capitalisation both decreased by 0.90 per cent and 0.67 per cent, closing the week at 104,563.34 and N65.707 trillion, respectively.
Similarly, all other indices ended lower, with the exception of the NGX Growth and Sovereign Bond Indices, which appreciated by 0.37 per cent and 3.42 per cent, respectively, while the NGX AseM index closed flat.
Twenty-seven equities appreciated in price during the week, an increase from 23 equities the previous week. However, 56 equities depreciated in price, up from 51 the prior week, while 64 equities remained unchanged, lower than the 73 recorded in the previous week.
VFD Group, Union Dicon Salt, ABBEY Mortgage Bank, FTN Cocoa Processors, and TotalEnergies Marketing Nigeria were the top five gainers for the week, increasing by 53.86 per cent, 31.03 per cent, 29.60 per cent, 18.75 per cent, and 9.61 per cent, respectively. The companies gained N30.70, N1.80, N1.40, 30k, and N65.30, respectively.
The top five decliners for the week were Royal Exchange, Cornerstone Insurance, Sovereign Trust Insurance, Lasaco Assurance, and CAP Plc, which lost 21k, 50k, 15k, 30k, and N5.50, respectively.
Meanwhile, the March 2025 issue of the Federal Government of Nigeria Savings Bonds was listed on NGX on Monday, April 7.
The listing of the First HoldCo Plc Rights Issue, comprising 5,982,548,799 ordinary shares of 50 Kobo each at N25.00 per share, was announced. This issue is based on the allocation of one new ordinary share for every six existing ordinary shares, and the shares were listed on the NGX Daily Official List on Monday, April 7.
