IN DETAIL: N51bn shares traded on Nigerian bourse in three days — down by 33%

About 2.05 billion shares, valued at N51.01 billion, were traded by stock market investors in 60,016 deals.

The stock market weekly report of the Nigerian Exchange Limited (NGX) showed lower figures than the previous week, when investors traded 3.2 billion shares — valued at N76.3 billion in 61,312 deals.

The report reveals a 33.15 percent trade decline within three days, following the federal government’s declaration of June 9 and June 13 as public holidays for the 2025 Eid el-Kabir celebration and Democracy Day, respectively.

FINANCIAL SERVICES TOP PERFORMANCE

The report showed that the financial services industry topped the table by volume of shares traded, as investors exchanged 1.06 billion shares valued at N26.371 billion in 27,201 deals.

“Thus contributing 51.55% and 51.69% to the total equity turnover volume and value, respectively,” the NGX report said.

“The Services Industry followed with 490.276 million shares worth N1.586 billion in 3,865 deals. Third place was the Consumer Goods Industry, with a turnover of 122.795 million shares worth N5.841 billion in 7,638 deals.”

TOP THREE EQUITIES

According to the NGX report, the top three trading equities in the period reviewed were Tantalizer Plc, Access Holdings Plc, and Zenith Bank Plc.

Measured by volume, the bourse said the three equities accounted for 693.553 million shares worth N9.957 billion in 7,661 deals – contributing 33.72 percent and 19.52 percent to the total equity turnover volume and value, respectively.

TOP GAINERS OF THE WEEK

The report said Legend Internet Plc’s stock gained N1.75 kobo, ending the week with N7.09 per share — higher than the N5.34 kobo it started with.

The share price of Berger Paint rose to N26.80 kobo per share from N20.50 kobo — gaining N6.30 kobo.

Ellah Lakes Plc saw its stock price rise by N0.93 kobo to end the week with N4.33 kobo — up from its opening price of N3.40 kobo.

Oando’s share value grew to N69 per share, recording an increase of N12.15 kobo from N56.85.

Also, the shares of Fidson Healthcare Plc closed the week at N38.40 kobo per share from N31.80 kobo, appreciating by N6.6 kobo.

TOP FIVE DECLINERS OF THE WEEK

Further analysis shows that John Holt lost N1.40 kobo to settle at N6.20. This, the NGX said, is below the N7.60 kobo it opened the week with.

The report also said Industrial & Medical Gases Nigeria lost N4.50 kobo to close at N32.50 kobo per share, against the opening price of N37.

In addition, R.T. Briscoe’s share price dropped by 10 percent to N2.25 kobo, recording a loss of N0.25 kobo from the N2.50 per share it started trading with.

According to the report N.Nig Flour Mills’ share price fell from N125.05 kobo to N112.55 per share, losing N12.50 kobo within three days.

The NGX said Conoil also recorded a loss of N26.80 kobo as its share price dropped to N241.50 kobo per share, from N268.30 kobo.