Nigeria’s stock market recorded a strong week of activity as the Nigerian Exchange Limited (NGX) announced that traders exchanged shares worth N195.31 billion within five trading days. According to the exchange’s weekly report, a total of 3.58 billion shares changed hands in 254,553 deals between Monday and Friday, reflecting renewed investor confidence and sustained market momentum.
The latest figures represent a notable increase compared to the previous week, when 3.36 billion shares valued at N151.94 billion were traded across 229,442 deals. This marks a 28.53 percent rise in trading value, signaling stronger participation in the equities market. Analysts attribute the surge to improved sentiment and increased activity among institutional and retail investors.
Market performance was equally impressive, with the total valuation of listed equities climbing by 6.60 percent to N139.82 trillion, up from N131.16 trillion recorded the week before. The All-Share Index (ASI) also gained 6.57 percent, rising by 13,397.14 basis points to close at 217,167.57. This upward trend underscores a bullish run on the Nigerian bourse, driven largely by gains in key sectors.
Sectoral analysis shows that the financial services industry dominated trading, accounting for 2.49 billion shares valued at N94 billion in over 111,000 deals. The sector contributed nearly 70 percent of total trading volume, reinforcing its central role in the market. It was followed by the services sector and the oil and gas industry, which posted moderate but significant trading activity during the period.
Among individual equities, Sterling Financial Holdings Company Plc, Access Holdings Plc, and Zenith Bank Plc emerged as the most actively traded stocks, accounting for a combined 1.03 billion shares. On the gainers’ chart, companies like Ecobank Transnational Incorporated and Stanbic IBTC Holdings Plc recorded significant price increases, while stocks such as Coronation Insurance Plc and Ikeja Hotel Plc faced declines, reflecting mixed investor sentiment across different counters.