NGX: Equity markets continue recovery as investors gain N924 billion

Investors earned N924 billion in the just ended trading week as the equity market continued to consolidate on last week’s bullish run.

The market strengthened in three out of five trading sessions as equity capitalization increased to N127.3 trillion from N126.4 trillion recorded last week.

The All-Share Index (ASI) appreciated 0.73% to close the week at 198,407.30 points from 196,968.15 points recorded in the previous week.

The Nigerian equity market started the week on Monday, March 9, 2026, on a bullish note as investors gained N146.87 billion by the end of the trading session.

Dips returned to the market on Tuesday, March 10, 2026, as investors lost N725.94 billion, in five hours.

The market also closed negative on Wednesday, March 11, 2026, as investors lost N107.58 billion.

The market closed positive on Thursday, March 12, 2026, as investors gained N648.46 billion.

The market ended the week on a bullish note on Friday, March 13, 2026, as investors gained N962 billion.

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Meanwhile, the total transactions carried out by investors on the Exchange floor this week were 3.321 billion shares worth ₦164.845 billion in 318,907 transactions, in contrast to a total of 3.695 billion shares worth ₦177.687 billion traded last week in 370,980 transactions.

The Financial Services industry (measured by volume) led the activity charts with 2.179 billion shares worth ₦59.809 billion traded in 124,992 transactions: thus contributing 65.61% and 36.28% respectively to the total volume and value of equity turnover.

The Oil and Gas industry followed with 207.690 million shares worth ₦27.606 billion in 32,820 transactions.

In third place is the Consumer Goods Industry with a transaction value of 189.633 million shares worth ₦11.852 billion in 34,288 transactions.

Trading in the top three equities, namely Access Holdings Plc, Fortis Global Insurance Plc and First Holdco Plc (measured by volume), accounted for 677.312 million shares worth ₦14.561 billion in 17,346 transactions, contributing 20.39% and 8.83% respectively to the total volume and value of equity turnover.

Thirty-four (34) shares appreciated this week, lower than forty-four (44) shares in the previous week. Sixty-one (61) equities experienced price depreciation, higher than fifty-eight (58) equities in the previous week, while fifty-three (53) equities remained unchanged, higher than forty-six (46) recorded in the previous week.

Premier Paints Plc recorded the largest percentage increase in share price, gaining 32.88% followed by Conoil Plc, which also increased its share price by 20.95%.

Bua Cement Plc also increased its share price by 20.00%.

On the other hand, Scoa Nig. Plc recorded the biggest share price decline by percentage, dropping 34.06% followed by Fortis Global Insurance Plc, whose share price fell 20.81%.

Sovereign Trust Insurance Plc also dropped 20.68% in its share price.

By: Babajide Okeowo