NGX weekly transactions jump by 83.5%, investors pocket N24 Billion gain

During the week under review, trading activities on the Nigerian Exchange Limited (NGX) saw a major boost as investors exchanged 2.094 billion shares valued at N52.967 billion across 64,612 deals.

This was a significant rise compared to the previous week, where 1.183 billion shares worth N28.868 billion were traded in 42,397 deals.

As a result of the increased market activity, transaction value went up by 83.5 per cent, with investors recording a profit of N24.099 billion.

The financial services sector dominated the trading chart, accounting for 1.539 billion shares worth N36.353 billion across 36,013 deals. This represented 73.49 per cent of the total volume and 68.63 per cent of the total value of equity turnover.

The agriculture sector followed, with 98.884 million shares valued at N1.344 billion traded in 2,772 transactions. The services sector was next, with 93 million shares worth N522.147 million exchanged in 3,012 deals.

Top-performing stocks for the week were Access Holdings Plc, Guaranty Trust Holding Company Plc, and Zenith Bank Plc. Together, these three companies contributed 629.327 million shares valued at N25.820 billion in 12,742 transactions, accounting for 30.06 per cent of total turnover volume and 48.75 per cent of total value.

However, the NGX All-Share Index and market capitalisation declined by 0.90 per cent and 0.67 per cent, closing at 104,563.34 and N65.707 trillion, respectively.

All other market indices also dropped, except the NGX Growth and Sovereign Bond Indices, which appreciated by 0.37 per cent and 3.42 per cent, respectively. The NGX ASeM index remained flat.

Twenty-seven stocks appreciated in price during the week, up from 23 in the previous week. However, 56 stocks declined, compared to 51 the previous week, while 64 remained unchanged, a decrease from 73 the week before.

The top five gainers for the week were VFD Group (up by 53.86%), Union Dicon Salt (31.03%), ABBEY Mortgage Bank (29.60%), FTN Cocoa Processors (18.75%), and TotalEnergies Marketing Nigeria (9.61%). These companies gained N30.70, N1.80, N1.40, 30k, and N65.30, respectively.

On the losing side, Royal Exchange, Cornerstone Insurance, Sovereign Trust Insurance, Lasaco Assurance, and CAP Plc led the chart, shedding 21k, 50k, 15k, 30k, and N5.50, respectively.

Meanwhile, the March 2025 edition of the Federal Government of Nigeria Savings Bond was listed on the NGX on Monday, April 7.

Also announced was the listing of First HoldCo Plc Rights Issue, involving 5,982,548,799 ordinary shares of 50 Kobo each, priced at N25.00 per share. The rights issue offered shareholders one new share for every six they already held, and the shares were listed on the NGX Daily Official List on April 7.