The Nigerian Exchange Ltd. has reported a robust weekly performance, with investors seeing a substantial gain of N8.661 trillion amidst intensified trading.
According to a report by the News Agency of Nigeria (NAN), the market's capitalisation saw a rise of 6.60 per cent, climbing from N131.166 trillion to N139.827 trillion.
The NGX All-Share Index also experienced an increase, moving up by 6.57 per cent to settle at 217,167.57 from the previous week's 203,770.43.
Data released by the NGX on Saturday indicated that the total gains for investors within the reviewed period amounted to N8.661 trillion.
During the week, a total of 3.588 billion shares, valued at N195.313 billion, changed hands in 254,553 transactions. This represents an increase compared to the 3.361 billion shares worth N151.948 billion exchanged in 229,442 deals the week before.
Analysis across sectors revealed that the Financial Services Industry dominated trading activities, accounting for 2.498 billion shares valued at N94.005 billion across 111,052 deals. This segment represented 69.62 per cent of the total equity turnover in volume and 48.13 per cent in value.
The Services Industry followed, recording 329.034 million shares valued at N3.452 billion in 14,050 deals. The Oil and Gas Industry was third, with 152.472 million shares worth N42.511 billion traded in 19,022 transactions.
Notable trades involved Sterling Financial Holdings Company Plc, Access Holdings Plc, and Zenith Bank Plc, whose combined transactions amounted to 1.038 billion shares valued at N46.081 billion in 33,067 deals. This accounted for 28.92 per cent of the overall turnover volume and 23.59 per cent of the value.
In terms of price movements, 61 equities advanced in price, a notable increase from 25 in the prior week. Conversely, 36 equities depreciated, down from 54, while 49 equities remained unchanged, a decrease from 67 previously.
Leading the gainers were Trans-Nationwide Express Plc, Ecobank Transnational Incorporated, Stanbic IBTC Holdings Plc, Royal Exchange Plc, and Aradel Holdings Plc, with price increases of N2.28, N21.30, N50.55, 42k, and N370 respectively.
Companies that saw price declines included Coronation Insurance Plc, Ikeja Hotel Plc, International Energy Insurance Plc, Academy Press Plc, and Honeywell Flour Mills Plc, with decreases of 42k, N5.60, 49k, N1.10, and N2.35 respectively.
The exchange also announced that Trading Licence Holders were informed of activated codes for rights issues by three insurance firms, enabling investors to trade following their qualification dates.
Guinea Insurance Plc’s rights issue commenced trading on 25 March 2026, for shareholders on record as of 21 January. Lasaco Assurance Plc began trading its rights issue on 2 April for shareholders on record as of 20 February, and Sunu Assurances Nigeria Plc’s rights issue commenced trading on Monday, 13 April, for shareholders on record as of 12 February.
(NAN)
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