The Nigerian stock market recorded a 2.1 per cent increase in trading value to ₦158.28 billion over five trading sessions, despite a decline in the All-Share Index and market capitalisation.
Data from the Nigerian Exchange Limited (NGX) showed that investors traded 2.71 billion shares valued at ₦158.28 billion in 209,986 deals during the week.
The turnover value increased from ₦155.02 billion recorded in the preceding week, when 3.16 billion shares were exchanged in 206,662 deals.
However, the NGX All-Share Index (ASI) and market capitalisation each declined by 0.97 per cent, closing the week at 248,363.55 points and ₦161.26 trillion, respectively.
Financial Services Leads Trading
The financial services industry dominated trading activity by volume, recording 2.005 billion shares valued at ₦82.92 billion in 94,483 deals.
The sector accounted for 73.84 per cent of total equity turnover volume and 52.39 per cent of turnover value during the week.
The consumer goods industry ranked second, with 152.34 million shares worth ₦11.42 billion traded in 20,926 deals.
The information and communications technology (ICT) industry came third, recording 117.29 million shares valued at ₦15.25 billion in 22,556 deals.
Access Holdings, Zenith Bank, UBA Top Trading
Access Holdings Plc, Zenith Bank Plc and United Bank for Africa Plc emerged as the three most actively traded equities by volume.
The stocks recorded a combined turnover of 1.020 billion shares valued at ₦50.52 billion in 29,382 deals.
According to the NGX, transactions involving the three companies accounted for 37.56 per cent of total equity turnover volume and 31.92 per cent of turnover value.
Livestock Feeds Leads Gainers
Livestock Feeds Plc topped the gainers’ table, appreciating by 47.75 per cent as its share price rose from ₦8.90 to ₦13.15.
Tripple Gee and Company Plc ranked second, gaining 32.62 per cent to close at ₦3.09 from ₦2.33.
Guinea Insurance Plc followed with a 29.17 per cent increase, rising from ₦0.72 to ₦0.93 per share.
Learn Africa Plc advanced by 19.61 per cent, climbing from ₦7.65 to ₦9.15, while Multi-Trex Integrated Foods Plc gained 16.67 per cent to close at ₦0.42 from ₦0.36.
Critical Minerals Financing Leads Losers
Critical Minerals Financing Corporation Plc recorded the steepest decline, shedding 20.27 per cent as its share price fell from ₦4.49 to ₦3.58.
ABC Transport Plc followed, losing 18.24 per cent to close at ₦6.05 from ₦7.40.
Japaul Gold and Ventures Plc declined by 11.11 per cent, falling from ₦2.88 to ₦2.56 per share.
Fidelity Bank Plc shed 10.64 per cent, dropping from ₦23.50 to ₦21, while Aradel Holdings Plc lost 10 per cent to close at ₦1,377 from ₦1,530.
The week’s performance showed that although the total value of shares traded increased, the broader market weakened, with both the All-Share Index and market capitalisation recording declines.