The Nigerian Exchange (NGX) Limited experienced a mixed trading week, with a sharp decline in transaction value but an uptick in overall market performance. Over the five-day trading period, investors exchanged 3.6 billion shares valued at N112.2 billion across 138,250 transactions. This represents a substantial 77.59 percent drop in value compared to the previous week's N500.7 billion.

 

Market Performance and Top Sectors

 

Despite the reduced trading activity, the NGX All-Share Index – the benchmark for market performance – rose by 2.18 percent, closing at 134,452.93. Consequently, the total market capitalization climbed to N85.055 trillion.

The financial services sector led the market in activity, accounting for 57.62 percent of total trading volume with 2.127 billion shares valued at N47.29 billion. Following distantly were the agriculture sector and the oil and gas industry.

 

Top Traded Equities and Market Movers

 

Access Holdings, United Bank for Africa (UBA), and Japaul Gold and Venture Plc were the most traded equities by volume, collectively contributing over 20 percent of the total trading volume.

The week saw 60 equities gain, an increase from 49 the previous week. Initiative Plc led the gainers, with its share price increasing by N6.10. Other notable gainers included Academy Press, Nigerian Enamelware, Wema Bank, and Presco Plc, with Presco seeing a significant N285 appreciation.

Conversely, Secure Electronic Technology, Omatek Ventures, Meyer Plc, Neimeth International Pharmaceuticals Holdings Plc, and Associated Bus Company were among the top losers for the week.