NGX Roundup: Bourse Supports Momentum with N377BN Profit

The Nigerian equity market experienced bullish momentum, gaining N377 billion profit in the newly completed trading Sunday.

The market was obtained in two trading sessions and recorded three losses.

Market capitalization increased to N76,339 trillion from N75,962 trillion recorded in the previous week.

Likewise, the All-Share Index (ASI) is valued by 0.83% to close the week with 120,989.66 points from 118,138.22 points recorded the previous week.

Nigeria’s equity market began Sunday on Monday, June 30, 2025, with a record of bearish because investors lost N10.88 billion at the end of the trade session.

The trend continued on Tuesday, July 1, 2025, because investors lost N150.25 billion at the end of the trade session.

This trend was stopped on Wednesday, July 2, 2025, because investors received N378.98 billion at the end of the trade session.

The market was closed with a positive record also on Thursday, July 3, 2025, because investors obtained N403.43 billion.

The equity market closed the week on Friday, July 4, 2025, with losses of N244.03 billion for investors.

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Meanwhile, a total turnover of 5,466 billion shares worth N108.099 billion in 118,570 agreements traded this week by investors on the stock exchange floor, in contrast to a total of 3.903 billion shares worth N102,221 billion who exchanged hands last week at 114.4,44 agreements.

The Financial Services Industry (measured by volume) leads the activity chart with 2,739 billion shares worth N34.538 billion traded in 42,646 agreements; Thus contributed 50.12% and 31.95% for the total volume and value of each equity turnover.

The oil and gas industry was followed by 852,042 million shares worth N39,838 billion in 10,555 offers.

In the third place is the service industry, with a turnover of 400,194 million shares worth N2,517 billion in 9,214 agreements.

Trading in the top three equity, namely Royal Exchange PLC, Access Holdings PLC and Japaul Gold & Ventures PLC (measured by volume), contributed 1,688 billion shares worth N12.816 billion in 8,036 offers, contributed 30.88% and 11.86% for total turnover volume and total value.

Seventy -eight (78) equity is valued in prices for a week, just like seventy eight (78) equity in the previous week. Twenty (20) equity depreciated in prices, lower than twenty -seven (27) the previous week, while forty -nine (49) equity remained unchanged, higher than forty -three (43) recorded in the previous week.

Meyer PLC recorded the biggest increase in stock prices in the percentage, obtained 60.11% followed by RT Briscoe which increased its share price by 50.83% in the process.

FTN Cocoa Processors PLC also increases its share price by 40.24%.

On the other hand, PZ Cussons Nigeria PLC recorded the largest decline in stock prices based on the percentage, shed 14.96% followed by Julius Berger Nigeria PLC, which dropped 9.97% of its share price.

SCOA NIG PLC also knocked down 9.83% of its share price.

By: Babajide Okeowo