The Nigerian Stock Exchange (NSE) experienced a notable increase in trading activity this week, with investors exchanging a total turnover of 2.187 billion shares valued at N50.667 billion in 45,277 deals. This marks a significant contrast from the previous week’s figures of 1.941 billion shares valued at N32.644 billion traded in 35,807 deals.
Leading the activity chart by volume was the Financial Services Industry, with 1.428 billion shares valued at N28.850 billion traded in 24,418 deals. This sector contributed 65.29% to the total equity turnover volume and 56.94% to the total value traded. Following closely behind was the Consumer Goods Industry, recording a turnover of 385.661 million shares worth N9.919 billion in 5,826 deals. The Conglomerates Industry secured the third position with a turnover of 133.697 million shares valued at N1.715 billion in 3,271 deals.
United Bank for Africa Plc, Nigerian Breweries Plc, and Access Holdings Plc emerged as the top three equities traded by volume. Together, these equities accounted for 1.020 billion shares worth N23.631 billion in 9,587 deals, contributing 46.63% to the total equity turnover volume and 46.64% to the total value traded.
The surge in trading activity reflects increased investor participation and confidence in the market, driven by positive sentiment and favorable economic indicators. However, despite the uptick in trading, the NGX All-Share Index and Market Capitalization depreciated by 1.36% and 1.35% to respectively to close the week at 98,233.76 and N55.562 trillion, respectively.
Furthermore, all other indices finished lower except NGX CG, NGX Premium, NGX AFR Bank Value, NGX AFR Div Yield, NGX Industrial Goods, NGX Growth, and NGX Sovereign Bond, which appreciated by various margins. The NGX ASeM index closed flat.
