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Markets

NGX records 36% trade decline, slight market cap increase

Recorded over a four-day trading period, the transaction value fell by 36 percent, relative to the N119.3 billion booked from 3.7 billion shares exchanged in 89,636 deals last week.

The NGX said the market opened for four trading days (June 2 to June 5) in the week reviewed, as the federal government declared June 6 and June 9 as public holidays to commemorate 2025 Eid-el-Kabir.

The report noted that the all-share index and market capitalisation appreciated by 2.57 percent to close the week at 114,616.75 and N 72.275 trillion, respectively.

TOP PERFORMING SECTORS

The stock market report showed that the top three performing sectors for the week were the financial services, the ICT, and the consumer goods industries.

According to the report, the financial services sector led market activity, with 2.3 billion shares valued at N52.2 billion traded in 27,326 deals.

The bourse said the sector accounted for 71.96 percent and 68.43 percent to the total equity turnover volume and value, respectively.

The ICT industry followed with 301.9 million shares worth N5 billion in 4,137 deals.

The consumer goods sector — third on the top performers’ list — was said to have contributed a turnover of 144.5 million shares worth N5.6 billion in 8,093 deals.

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TOP THREE EQUITIES

The NGX also said the top three equities were Fidelity Bank Plc, Legend Internet Plc, and Guaranty Trust Holding Company Plc.

Measured by volume, the bourse said the three equities contributed 48 percent of total volume and 45.1 percent of the total value.

The three equities accounted for 1.5 billion shares worth N34.4 billion in 4,939 deals.

TOP FIVE PRICE GAINERS

According to the NXG report, 53 equities gained in the week under review, lower than 56 in the previous week.

However, among the top five gainers is Oando Plc, whose share gained 25.7 percent, ending the week with N56.85 kobo per share — higher than the N45.2 kobo it started with.

The share price of Lasco Assurance Plc rose to N3.15 kobo from N2.59 kobo — up by N0.56 kobo.

Also, Multiverse Mining and Exploration Plc saw its stock price rise by N1.55 kobo to end the week with N9.15 kobo — up from its opening price of N7.6 kobo.

The NGX report said Cornerstone Insurance Plc’s share value grew to N3.92 kobo per share, recording an increase of N0.64 kobo from N3.28 kobo.

First Holdco Plc closed the week at N29.4 kobo per share from N25, appreciating by N4.4 kobo.

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TOP FIVE PRICE DECLINERS

At the end of the trading week, the share price of Associated Bus Company lost N0.55 kobo, dropping to N2.4 kobo from the N2.95 kobo it opened with.

The report said Julius Berger Nigeria Plc closed at N118.5 kobo per share, against the opening price of N137 — down by 13.5 percent.

Legend Internet Plc’s share price decreased by N0.82 kobo to N5.34 kobo from the N6.16 kobo per share it started the week with.

The NGX said Livestock Feeds Plc’s share price fell from N9.4 kobo to N8.25 kobo per share, shedding off N1.15 kobo.

In addition, E-Tranzact International Plc reported a loss of 0.8 percent, after the value of its share tumbled to N6 per share from N6.8 kobo in four days.

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