Investors on the Nigerian Exchange (NGX) enjoyed a profitable week, pocketing approximately N4.08 trillion as share prices continued their upward trend. The All-Share Index (ASI) climbed 3.84 per cent, closing at 171,727.49 points, while market capitalization grew to N110.23 trillion from N106.15 trillion recorded the previous week. These gains lifted the year-to-date return to 10.93 per cent, reflecting renewed investor confidence.
Trading activity also surged, with 3.86 billion shares valued at N128.58 billion exchanged in 240,463 deals—up from 3.09 billion shares worth N81.51 billion in 222,185 deals the prior week. This represented a 25 per cent rise in traded volume and a 58 per cent increase in value, signaling stronger participation across key sectors. Analysts noted that sustained interest in fundamentally strong stocks is driving market momentum.
Sectoral performance remained largely positive, led by the NGX Oil and Gas Index, which soared 10.88 per cent week-on-week. The Commodities Index followed with a 6.30 per cent gain, while Industrial Goods and Banking sectors rose 4.36 per cent and 3.57 per cent respectively. Insurance was the only sector to decline, falling 2.33 per cent. Individual stocks mirrored these trends, with RT Briscoe, Zichis Agro, and Abbey Mortgage Bank posting gains above 59 per cent, while DEAP Capital, UH REIT, and Red Star Express were notable decliners.
Investor interest was particularly strong in the Financial Services Industry, which accounted for 2.19 billion shares valued at N50.46 billion, representing more than half of the total trading volume. The Services and ICT sectors also recorded significant activity, with Chams Holding, Access Holdings, and Universal Insurance leading the volume charts and contributing 17 per cent of total weekly trading.
Key market indices reflected the bullish trend, with the NGX Premium Index rising 6.80 per cent, NGX Pension Index up 5.26 per cent, and the NGX 30 Index increasing 3.83 per cent. The NGX Consumer Goods Index saw a modest 1.01 per cent gain. Analysts remain optimistic that the market’s positive trajectory will continue in the near term, driven by broad-based sectoral gains and robust investor confidence.
source: The Sun