IN DETAIL: NGX records 34% trade surge, marginal market cap increase

Stock market investors traded 2.2 billion shares worth N75.4 billion in 70,329 transactions, according to the  Nigerian Exchange (NGX) Limited.

Recorded over a four-day trading period, the transaction value rose by 34.6 percent, relative to the 1.854 billion shares valued at N56.025 billion exchanged in 51,386 deals last week.

The NGX said the market opened for four trading days (April 28 to May 2) in the week reviewed, as the federal government declared May 1 as a public holiday to commemorate the 2025 Workers’ Day.

According to the report, the all-share index — which measures the performance of all stocks listed on the local bourse — appreciated by 0.27 percent to close the week at 106,042.57, while the market capitalisation recorded an increase of 0.28 percent at N66.64 trillion.

TOP PERFORMING SECTORS

The stock market report showed that the top three performing sectors for the week were the financial services, the consumer goods, and the services industries.

The financial services sector led market activity, with 1.43 billion shares worth N30.9 billion exchanged in 33,095 deals.

According to the bourse, the sector accounted for 65.09 percent of total volume and 40.99 percent of total value.

The ICT sector followed with 230.24 million shares valued at N27.4 billion in 4,811 deals.

The consumer goods sector was third on the list of top performers, with 166.34 million shares worth N4.7 billion in 8,284 deals.

TOP THREE EQUITIES 

The NGX also said the top three equities were Fidelity Bank, Access Holdings, and United Bank of Africa.

Measured by volume, the bourse said the three equities contributed 32.03 percent of total volume and 22.22 percent of total value.

The three equities accounted for 704.6 million shares, worth N16.7 billion in 10,466 deals.

TOP GAINERS OF THE WEEK

According to the report, 52 equities gained in the week under review, down from 64 in the previous week.

However, the top five gainers were the Associated Bus, whose share gained N0.7 or 44.87 percent, ending with N2.26 per share — higher than the N1.56 kobo it started with.

The share price of Legend Internet Plc rose to N9.03 kobo from N6.82 kobo — up by N2.21 kobo.

Also, Fidson Helthcare Plc saw its stock price rise by N4.25 kobo to end the week with N22.85 kobo — up from its opening price of N18.6 kobo.

The NGX report said University Press’ share value grew to N4.11 kobo per share, recording an increase of N0.71 kobo from N3.4 kobo.

Also, Nigerian Aviation Handling Company Plc (NAHCo) closed the week at N82.4 kobo per share from N68.65 kobo, appreciating by N13.85.

TOP LOSERS OF THE WEEK

At the end of the trading week, the share price of the Ecobank Transnational Incorporated (ETI) lost N6, dropping to N26 from the N32 it opened with.

The report said  Multiverse Mining and Exploration Plc closed at N6.35 per share, against the opening price of N7.8 kobo.

Livestock Feeds Plc’s share price decreased to N8.49 kobo from the N9.5 kobo per share it started the week with.

The NGX said Aradel Holdings Plc’ share price fell from N497 to N448 per share, shedding off N49.

In addition, Tripple Gee and Company Plc reported a loss of 9.6 percent, after the value of its share tumbled to N1.79 kobo per share, from N1.98 in four days.