Equities Market Posts N51bn In Holiday-Shortened Trading Week
The Nigerian Exchange (NGX) recorded a total turnover of 2.057 billion shares worth N51.02bn in 65,016 deals during the week, reflecting a decline in trading activity when compared to the previous week’s volume of 3.214 billion shares valued at N76.35bn across 64,156 deals.
The lower turnover was largely attributed to the reduced number of trading days, as the market opened for only three sessions. The Federal Government had declared Monday, June 9, and Thursday, June 12, 2025, as public holidays to mark the Eid-el-Kabir and Democracy Day celebrations, respectively.
Despite the shortened trading week, the overall market performance remained positive. The NGX All-Share Index rose by 0.71 per cent to close at 115,429.54 points, while the market capitalization gained to settle at N72.79trn.
This modest uptick in key performance indicators was driven by gains across most sectors, although some indices ended the week in the red.
The NGX Insurance, NGX AFR Dividend Yield, NGX MERI Value, NGX Oil & Gas, and NGX Commodity indices posted declines of 0.11 per cent, 0.61 per cent, 0.81 per cent, 1.22 per cent, and 1.41 per cent respectively. Meanwhile, the NGX ASeM and NGX Banking indices closed flat.
Sectoral performance data revealed that the Financial Services sector dominated trading activity, contributing over half of the total turnover. The sector recorded a volume of 1.060 billion shares worth N26.37bn across 27,201 deals, accounting for approximately 51.55 per cent of the total volume and 51.69 per cent of the total value of equities traded.
The Services sector followed, with investors exchanging 490.276 million shares valued at N1.59bn in 3,865 transactions. The Consumer Goods sector ranked third, posting a turnover of 122.795 million shares valued at N5.84bn in 7,638 deals.
Among the most actively traded stocks by volume were Tantalizer Plc, Access Holdings Plc, and Zenith Bank Plc. These three equities collectively accounted for 693.553 million shares valued at N9.96bn in 7,661 deals.
Their activity represented 33.72 percent of the total traded volume and 19.52 per cent of the total value, underscoring strong investor interest in the banking and fast-moving consumer goods segments.
Market breadth also improved slightly during the week. Fifty-five equities recorded price gains, up from 53 in the prior week, indicating growing investor confidence. On the other hand, 39 equities declined in value, a drop from 43 previously.
The number of equities that remained unchanged increased slightly to 54, compared to 52 in the preceding week, reflecting a generally cautious trading sentiment among some investors.
Overall, the market’s positive close in a holiday-shortened week highlights investor resilience and a cautiously optimistic outlook as attention shifts to broader economic indicators and corporate earnings in the coming sessions.
Equities Market Posts N51bn In Holiday-Shortened Trading Week is first published on The Whistler Newspaper
