Stock market investors traded a total of 8.73 billion share in 180,290 deals in five days.
The transaction value amounted to N134.57 billion, according to the Nigerian Exchange Limited (NGX).
The bourse’s weekly stock market report showed that the value of the shares traded was 10 percent lower than the N149.75 billion recorded in the previous week.
According to the report, the all-share index (ASI) appreciated by 3.18 percent to close the week at 145,754.91 points, while market capitalisation rose to N92.21 trillion.
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FINANCIAL SERVICES SUSTAIN DOMINANCE
The NGX said the financial services industry, measured by volume, led the activity chart with 7.48 billion shares worth N70.98 billion traded in 77,227 deals.
This accounted for 85.65 percent and 52.74 percent of the total equity turnover volume and value, respectively.
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The report said the agriculture industry followed with 201.91 million shares worth N7.86 billion in 11,450 deals.
In third place was the services industry with 191.92 million shares valued at N2.48 billion in 10,595 deals.
TOP THREE EQUITIES
The top three trading equities in the week under review are Linkage Assurance, Consolidated Hallmark Holdings, and Universal Insurance.
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The three companies accounted for 3.2 billion shares worth N6.59 billion in 3,964 deals.
These equities, NGX said, contributed 36.57 percent and 4.9 percent to the total equity turnover volume and value, respectively.
TOP GAINERS OF THE WEEK
The report said Mutual Benefits Assurance led the gainers’ table, with its share price rising by 60.44 percent from N1.82 kobo to N2.92 kobo
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AIICO Insurance followed closely with its shares increasing from N2.19 kobo to N3.5 kobo — up by 59.82 percent.
The report said Royal Exchange’s shares rose to N2.39 kobo from N1.5 kobo, representing 59.33 percent increase.
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Also, Sovereign Trust Insurance was to have seen a surge in its share price as it moved by 59.06 percent, from N1.71 kobo to N2.72 kobo.
NGX said Cornerstone Insurance’s shares gained N2.26 kobo after rising to N6.41 kobo– up from the N4.15 kobo it started with.
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TOP LOSERS OF THE WEEK
Livingtrust Mortgage Bank led the losers’ chart, shedding 24.13 percent to close at N5 – down from N6.59 kobo.
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Academy Press fell by 18.18 percent or N2. The company’s share price closed at N9 after opening with N11.
In the same vein, Initiates Plc dropped from N13.75 kobo to N12 representing a decline of 12.73 percent.
More so, the UPDC Real Estate Investment Trust lost 11.76 percent as it closed trading at N8.25 kobo compared to the N9.35 kobo it started the week with.
According to the report, Legend Internet dipped 11.72 percent as its share price dropped to N5.65 kobo per share, from N6.40 kobo.
On Tuesday, President Bola Tinubu signed the Nigerian insurance industry reform bill 2025 into law.
Following the move, insurance stocks on the Nigerian bourse surged by 10 percent.
