NGX ends week positive with N1.175tn gain, 53 stocks appreciate
NGX
NGX ends week positive with N1.175tn gain, 53 stocks appreciate
Nike Popoola
Stock market investors gained N1.175tn at the close of trading today, Friday.
The market opened for four trading days this week as the Federal Government declared Wednesday October 1, 2025, as a public holiday to mark Independence Day celebration.
The NGX All-Share Index and Market Capitalization appreciated by 1.02% and 1.31% to close the week at 143,584.04 and N91.135 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX Premium, NGX Insurance, NGX AFR Div Yield and NGX MERI Value Indices which depreciated by 0.05%, 2.02%, 2.78% and 0.81% respectively while the NGX AseM and NGX Sovereign Bond indices closed flat.
Fifty-three (53) equities appreciated in price during the week, higher than thirty-two (32) equities in the previous week.
Forty-three(43) equities depreciated in price, lower than fifty-one (51) equities in the previous week, while fifty-one (51) equities remained unchanged, lower than sixty-four (64) recorded in the previous week.
Meanwhile, a total turnover of 8.403 billion shares worth N115.501 billion in 115,801 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 7.684 billion shares valued at N494.126 billion that exchanged hands last week in 116,645 deals.
Figures obtained by Dailyeconomy from the NGX showed the Financial Services Industry (measured by volume) led the activity chart with 7.750 billion shares valued at N88.153 billion traded in 54,074 deals; thus contributing 92.24% and 76.32% to the total equity turnover volume and value respectively.
The ICT Industry followed with 181.005 million shares worth N4.077 billion in 9,364 deals. Third place was the Consumer Goods Industry, with a turnover of 126.554 million shares worth N6.274 billion in 14,261 deals.
Trading in the top three equities, namely Cornerstone Insurance Plc, Fidelity Bank Plc and United Bank for Africa Plc (measured by volume), accounted for 6.525 billion shares worth N52.699 billion in 8,820 deals, contributing 77.66% and 45.63% to the total equity turnover volume and value respectively.
