Financial services dominate trading as All-Share Index jumps 6.95% in one week….
The Nigerian Exchange Limited (NGX) posted a robust trading performance between February 16 and February 20, recording a total turnover of 7.66 billion shares valued at N252.56 billion in 345,118 deals.
According to the exchange’s weekly market report, the figures represent a 30.64 percent increase compared to the previous week, when 4.65 billion shares worth N193.32 billion were traded in 286,751 deals.
Market capitalisation also recorded strong growth, rising to N125.16 trillion from N117 trillion in the preceding week.
The rally was driven by a 6.95 percent gain in the All-Share Index (ASI), which climbed from 182,313.08 basis points to close at 194,989.77.
Financial services lead activity
The financial services industry emerged as the most active sector by volume during the week.
Data showed that 5.62 billion shares valued at N113.59 billion were traded in 129,729 deals within the sector, accounting for 73.41 percent of total equity turnover volume and 44.98 percent of total value.
The services industry followed with 493.13 million shares worth N5.86 billion in 30,396 deals.
The oil and gas sector ranked third, posting 425.65 million shares valued at N35.74 billion across 23,136 deals.
Top three equities
The NGX identified FCMB Group Plc, Access Holdings Plc, and Zenith Bank Plc as the top three equities for the week.
Collectively, the trio accounted for 3.59 billion shares valued at N69.14 billion in 33,802 deals, contributing 46.9 percent of total equity turnover volume and 27.38 percent of value.
Top gainers
Among the week’s best-performing stocks, Zichis Agro Allied Industries Plc led the gainers’ chart, with its share price rising by N6.56 from N10.80 to N17.36.
Japaul Gold and Ventures Plc advanced by N1.51, closing at N4.02 from N2.51.
Infinity Trust Mortgage Bank Plc appreciated by N5.85 to close at N15.75 from N9.90.
Fortis Global Insurance Plc gained N0.21, ending the week at N0.60 from N0.39.
Jaiz Bank Plc also recorded gains, rising by N2.70 to close at N11 per share from N8.30.
Top losers
On the flip side, RT Briscoe Plc declined by N3.62, closing at N13.80 from N17.42.
Mecure Industries Plc shed N19.75 to end the week at N84.25, down from N104.
Tripple Gee and Company Plc dropped by N1.25, closing at N5.40 from N6.65.
Sovereign Trust Insurance Plc fell by N0.48 to close at N2.32 from N2.80.
Ellah Lakes Plc also lost N2.20, ending the week at N12.80 from N15.
The strong uptick in trading activity and market capitalisation reflects sustained investor participation across key sectors, with financial stocks continuing to anchor overall market momentum.
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