 recorded a bullish performance this week, as investor appetite surged, pushing the market to higher levels.){kind=link}
The Nigerian Exchange (NGX) recorded a bullish performance this week, as investor appetite surged, pushing the market to higher levels.
Key indicators showed notable improvements across board, driven by strong activity in the Financial Services and Oil & Gas sectors.
Total equity turnover climbed significantly, with 5.466 billion shares worth ₦108.099 billion exchanged in 118,570 deals, representing a sharp increase from last week’s 3.903 billion shares valued at ₦102.221 billion in 114,484 deals.
This impressive rise in both volume and value reflects renewed investor confidence in the equities market.
Sector Performance
Leading the charge was the Financial Services Industry, which accounted for 2.739 billion shares valued at ₦34.538 billion, representing 50.12% and 31.95% of the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 852.04 million shares worth ₦39.838 billion, while the Services Industry recorded 400.19 million shares valued at ₦2.517 billion.
Top Traded Equities
The trio of Royal Exchange Plc, Access Holdings Plc, and Japaul Gold & Ventures Plc dominated trading activity. Combined, they accounted for 1.688 billion shares worth ₦12.816 billion across 8,036 deals—making up 30.88% of total volume and 11.86% of total value.
Market Indices
The NGX All-Share Index rose by 0.83% to close at 120,989.66, while market capitalization increased by 0.50% to settle at ₦76.339 trillion.
Most sectoral indices closed in positive territory, with the exception of the NGX Premium Index, which fell by 0.77%, and the NGX Industrial Goods Index, down 2.11%.
Market Breadth
The market breadth was positive, with 78 equities recording price gains, the same as the previous week. However, only 20 equities declined in price, an improvement from 27 losers last week. 49 equities remained unchanged, up from 43 in the previous session.
ETP and Bonds
Investor activity in the Exchange Traded Products (ETPs) segment also saw a surge in volume, with 218,675 units valued at ₦18.792 million traded in 304 deals, compared to 71,070 units worth ₦50.203 million in 220 deals last week.
In the fixed income segment, 165,333 bond units worth ₦170.373 million exchanged hands in 25 deals, up from 143,857 units valued at ₦134.173 million in 44 deals the prior week.
Outlook
With renewed momentum and increased participation in key sectors, the NGX appears to be on a recovery path. Analysts will be watching closely to see if this bullish sentiment sustains into the coming weeks amid corporate earnings season and broader macroeconomic developments.
Hauwa Abu