The Nigerian equities market extended its bullish momentum last week, as the NGX All-Share Index (NGXASI) advanced by 0.90% week-on-week to close at 109,710.37 points, up from 108,733.40 points. The market posted gains in four out of five trading sessions, marking a new 2025 high as the index crossed the 109,500-point threshold. This positive performance was primarily driven by renewed investor appetite for fundamentally sound, dividend-paying stocks, underpinned by improving macroeconomic sentiment following softer inflation data and strong Q1 corporate earnings releases. Consequently, the market capitalisation rose by ₦461.44 billion to ₦68.95 trillion, while the year-to-date (YTD) return strengthened to 6.59%, reflecting sustained confidence in the market’s earnings and valuation outlook.
A total turnover of 2.606 billion shares worth N63.79 billion in 77,593 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.65 billion shares valued at N77.01 billion that exchanged hands last week in 86,110 deals. The Financial Services (measured by volume) led the activity chart with 1.54 billion shares valued at N28.96 billion traded in 32,805 deals; thus contributing 59.08% and 45.41% to the total equity turnover volume and value respectively. The Services industry followed with 286.83 million shares worth N1.71 billion in 6,280 deals. Third place was the Consumer Goods Industry, with a turnover of 202.57 million shares worth N7.44 billion in 9,708 deals.
Trading in the top three equities namely FCMB Group Plc, Access Holdings Plc and Tantalizer Plc (measured by volume) accounted for 600.68 million shares worth N6.57 billion in 7,201 deals, contributing 23.05% and 10.30% to the total equity turnover volume and value respectively.
Sixty-one (61) equities appreciated in price during the week, lower than sixty-eight (68) equities in the previous week. Thirty-one (31) equities depreciated in price, higher than twenty-eight (28) during the last week, while fifty-six (56) equities remained unchanged, higher than fifty-two (52) recorded in the previous week.
