Newscenter Media News The Nigerian equities market sustained a quiet week as investors gained N196 billion on the trading floor of the Nigerian Xchange (NGX).
Ripples Nigeria reports that investors recorded a gain of N1.8 trillion the previous week.
In the current week, the equities market gained in only one of the five trading days but still ramped up a profit of N196 billion in the process.
The market capitalization increased to N67.614 trillion from the N67.418 trillion recorded the previous week.
Similarly, the All-Share Index (ASI) appreciated by 0.41% to close the week at 108,497.40 points from the 108,053.95 points recorded the previous week.
The Nigerian equities market began the week on Monday, February 17, 2025, on a bearish note as investors lost N72.51 billion at the end of the trading session.
The market closed with a loss on Tuesday, February 18, 2025, as investors lost N166.44 billion.
The bulls returned to the market on Wednesday, February 19, 2025, as investors gained N504.74bn.
The bears returned to the market on Thursday, February 20, 2025, as investors lost N25.55 billion at the end of the trading session.
The market closed the week on Friday, February 21, 2025, with a loss as investors lost N44.31 billion.
READ ALSO: NGX: Equities market extends bullish run as investors gain N779bn
Meanwhile, a total turnover of 2.001 billion shares worth N49.486 billion in 70,853 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.414 billion shares valued at N55.512 billion that exchanged hands last week in 80,988 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.199 billion shares valued at N26.325 billion traded in 30,527 deals; thus contributing 59.91% and 53.20% to the total equity turnover volume and value respectively.
The agriculture industry followed with 234.002 million shares worth N1.683 billion in 3,191 deals.
In third place was the Consumer Goods Industry, with a turnover of 173.829 million shares worth N7.150 billion in 8,903 deals.
Trading in the top three equities namely Access Holdings Plc, Ellah Lakes Plc and Fidelity Bank Plc (measured by volume) accounted for 618.543 million shares worth N11.207 billion in 7,159 deals, contributing 30.92% and 22.65% to the total equity turnover volume and value respectively.
Twenty-eight (28) equities appreciated in price during the week, lower than sixty-five (65) equities in the previous week. Fifty-eight (58) equities depreciated in price, higher thirty-one (31) in the previous week, while sixty-four (64) equities remained unchanged, higher than fifty-four (54) recorded in the previous week.
Abbey Mortgage Bank Plc recorded the biggest share price increase in percentage gaining 16.13% followed by Smart Products Nigeria Plc which increased its share price by 15.38% in the process.
Dangote Sugar Refinery Plc also increased its share price by 15.00%.
On the flip side, Union Dicon Salt Plc recorded the biggest decline in share prices by percentage shedding 25.00% followed by Ikeja Hotel Plc which shed 21.43% of its share prices.
UPDC Plc also knocked off 17.99% of its share prices.
By: Babajide Okeowo
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