Investors on the Nigerian Exchange Limited (NGX) recorded a ₦2.532 trillion gain during the week as the equities market extended its bullish run, with the All-Share Index (ASI) and market capitalisation closing higher.
Market data released by the NGX showed that the All-Share Index rose by 1.60 per cent to 247,357.40 points, up from 243,462.13 points recorded in the previous week.
Similarly, the market capitalisation increased by 1.61 per cent to ₦159.588 trillion, from ₦157.057 trillion, translating into a ₦2.532 trillion gain for investors.
The Exchange said all sectoral indices closed in positive territory except the Consumer Goods, Lotus II, Growth, Sovereign Bond, and Commodity indices, which declined by 3.76 per cent, 1.55 per cent, 20.24 per cent, 0.14 per cent, and 1.25 per cent, respectively.
A total of 4.433 billion shares valued at ₦306.143 billion were traded in 255,589 deals during the week, compared with 2.819 billion shares worth ₦182.499 billion exchanged in 226,729 deals in the preceding week.
The Financial Services Industry dominated trading activities, accounting for 3.422 billion shares valued at ₦207.206 billion in 117,545 deals, representing 77.18 per cent of total equity turnover volume and 67.68 per cent of total turnover value.
It was followed by the Consumer Goods Industry, which traded 201.978 million shares worth ₦17.171 billion in 28,666 deals, while the Information and Communications Technology (ICT) Industry recorded 169.481 million shares valued at ₦21.194 billion in 23,107 deals.
The three most actively traded stocks—First HoldCo Plc, Access Holdings Plc, and Guaranty Trust Holding Company Plc—accounted for 2.151 billion shares worth ₦170.793 billion in 44,768 deals, contributing 48.51 per cent of total equity turnover volume and 55.79 per cent of total turnover value.
Market breadth remained positive, with 57 equities recording price gains during the week, compared with 44 in the previous week. However, 38 equities declined, up from 35, while 51 equities closed flat, down from 67 in the preceding week.
Among the top gainers were UPDC Real Estate Investment Trust, First HoldCo Plc, Unilever Nigeria Plc, Cadbury Nigeria Plc, and AXA Mansard Insurance Plc, while Mecure Industries Plc, Royal Exchange Plc, Tripple Gee and Company Plc, SUNU Assurances Nigeria Plc, and BUA Foods Plc led the losers’ chart.
Meanwhile, the NGX suspended trading in the shares of Aluminium Extrusion Plc with effect from Wednesday, July 22, over the company’s failure to file its audited financial statements for the year ended December 31, 2025.
The Exchange also announced the listing of an additional 12.32 billion ordinary shares of 50 kobo each for Linkage Assurance Plc on its Daily Official List on Thursday, July 23.
