Investors gain N1.38tn as NGX extends bullish run

By Taiye Olayemi

The Nigerian Exchange Ltd. All-Share Index and Market Capitalisation appreciated by 0.88 per cent to close the week at 244,738.74 and N156.970 trillion respectively.

This is compared with the previous week’s 242,593.31 and N155.594 trillion.

Consequently, investors gained N1.376 trillion in market value during the week, as market capitalisation rose from N155.594 trillion to N156.970 trillion.

Similarly, all other indices finished higher with the exception of NGX Pension, NGX AFR Bank Value, NGX MERI Growth, NGX MERI Value, NGX Consumer Goods, NGX Lotus II, NGX Industrial Goods, NGX Sovereign Bond and NGX Commodity.

These depreciated by 0.03 per cent, 1.20 per cent, 0.21 per cent, 1.61 per cent, 0.54 per cent, 0.51 per cent, one per cent, 2.04 per cent and 0.34 per cent respectively while the which closed flat.

The market opened for four trading days this week as the Federal Government declared Friday, June 1p2, as a Public Holiday to commemorate 2026 Democracy Day.

Meanwhile, a total turnover of 4.964 billion shares worth N207.521 billion in 235,966 transactions was traded this week by investors on the floor of the Exchange.

This is in contrast with a total of 3.966 billion shares valued at N175.659 billion that exchanged hands last week in 343,587 deals.

The Financial Services Industry led the activity chart with 4.116 billion shares valued at ₦84.607 billion traded in 96,165 deals.

This contributed 82.92 per cent and 40.77 per cent to the total equity turnover volume and value respectively.
The Services Industry followed with 232.479 million shares worth N4.955 billion in 17,614 deals.

The third place was the Industrial Goods Industry, with a turnover of 144.988 million shares worth N39.077 billion in 24,775 deals.

Trading in the top three equities, namely Sterling Financial Holdings Company Plc, FCMB Group Plc and Access Holdings Plc accounted for 2.883 billion shares worth N36.188 billion in 15,533 transactions.

This contributes 58.09 per cent and 17.44 per cent to the total equity turnover volume and value respectively.
Forty equities appreciated in price during the week higher than 23 equities in the previous week.

Fifty-three equities depreciated in price, lower than 65 equities in the previous week, while 53 equities remained unchanged, lower than 58 recorded in the previous week.

Associated Bus Company, Consolidated Hallmark Holdings, Abbey Mortgage Bank, Infinity Trust Insurance and Austinlaz led the gainers’ for the week, gaining N1.59, N1.55, N2.05, N1.90 and 57 Kobo.

GOn the other hand, Fidson Healthcare, Neimeth Pharmaceuticals, UH Real Estate Investment Trust, Sunu Assurances and Unilever Nigeria led the losers’ chart, declining by N35.30, N2.05, N14.70, 51k, N16. (NAN)