Lagos: The Nigerian Exchange Ltd. (NGX) closed the week on a powerful upswing, with the All-Share Index climbing 3.84% to 171,727.49 points. Market capitalisation surged to ₦110.235 trillion, yielding a staggering ₦4.08 trillion in weekly gains.
In comparison, the previous week closed at 165,370.40 points and N106.153 trillion.
Consequently, stock market investors saw a total gain of N4.082 trillion during the week under review, highlighting a significant positive shift in the market.
Similarly, all other indices finished higher, except the NGX Insurance Index, which depreciated by 2.33 per cent.
A total of 3.860 billion shares, worth N128.581 billion, were traded in 240,463 deals by investors on the floor of the Exchange during the week.
This was in contrast to a total of 3.087 billion shares valued at N81.505 billion exchanged in the previous week, across 222,185 deals.
The Financial Services Industry was the top performer, accounting for 2.188 billion shares (56.68% of total volume) worth N50.459 billion (39.24% of total value) across 94,005 deals. This highlights its significant contribution to market activity during the period.
Next, the Services Industry recorded 466.771 million shares worth N4.495 billion in 18,526 deals, while the ICT Industry recorded 377.800 million shares valued at N9.049 billion in 25,653 deals.
Additionally, trading in the top three equities—Chams Holding Company Plc, Access Holdings Plc, and Universal Insurance Plc—accounted for 664.942 million shares worth N6.801 billion in 15,161 deals.
This contributed 17.23 per cent and 5.29 per cent to the total equity turnover volume and value, respectively.
Furthermore, 71 equities appreciated in price during the week, compared with 44 in the previous week.
In contrast, 35 equities depreciated in price, fewer than 49 in the previous week, while 42 equities remained unchanged, fewer than 55 in the previous week.
Specifically, RT Briscoe, Zichis Agro Allied Industries, Abbey Mortgage Bank, Union Dicon Salt, and Austinlaz were the top gainers for the week, appreciating by N4.77, N2.53, N5.55, N4.30, and N1.50, respectively.
On the other hand, the top five losers were Deap Capital Management, Union Homes Real Estate Investment Trust, Red Star Express Plc, UPDC Real Estate Investment Trust, and Cornerstone Insurance.
These equities lost N2.57, N25.60, N3.65, N1.10, and 76 kobo, respectively.
