The Nigerian Exchange (NGX) ended last week in positive territory, gaining N1.54 trillion in market value as the All-Share Index advanced by 1.63 percent. The appreciation occurred despite a weekly decline in trading volume, signaling selective but confident investor activity.
The benchmark All-Share Index closed at 149,433.26 points, while the total market capitalization rose by 1.64 percent to N95.264 trillion.
Market activity was led by the financial services sector, which accounted for 2.252 billion shares valued at N47.204 billion traded in 44,808 deals. This represented 51.49 percent of the total equity turnover by volume. The Information and Communication Technology (ICT) sector followed with a turnover of 1.118 billion shares worth N13.148 billion, while the oil and gas industry recorded 233.891 million shares valued at N4.726 billion.
The most traded stocks for the week were E-Tranzact International Plc, Access Holdings Plc, and FCMB Group Plc. Trading in these three equities alone accounted for 1.921 billion shares worth N22.218 billion, representing 43.93 percent of the total turnover by volume.
Market breadth showed a mixed performance, with 49 equities gaining value, 41 declining, and 57 remaining unchanged.
In a notable corporate development, Chapel Hill Denham Management Limited listed an additional 140.1 million units of its Series 11 Nigeria Infrastructure Debt Fund at N109.50 per unit on Wednesday. The listing increased the total outstanding units of the fund on the NGX to approximately 1.196 billion. Analysts noted that the expansion would enhance investor access to infrastructure-focused instruments and improve liquidity in the fixed-income market.
Analysts attributed the market’s overall gains to sustained investor confidence, particularly in the financial services and ICT sectors. They highlighted that the rise in key indices underscores the resilience of the equities market, even amidst varied sectoral performances and reduced weekly trading activity.
