NGX ROUNDUP: Bullish sentiment remains as investors raked in N3.3tr

Investors earned N3.32 trillion as equity markets continued to grow rapidly.

The market strengthened in three of the five trading sessions.

The market value increased to N160 trillion from N157 trillion recorded last week, while the All-Share Index (ASI) appreciated by 2.27% to close the week at 250,330.92, up from 244,775.83 points recorded in the previous week.

The Nigerian equity market started the week on Monday, May 11, 2026, on a bullish note, with investors gaining N3.2 trillion by the end of the trading session.

This trend continued on Tuesday, May 12, 2026, when investors earned N1.2 trillion in five hours.

The bullish trend continued on Wednesday, May 13, 2026, as investors earned N440 billion at the close of trading.

The market closed negative on Thursday, May 14, 2026, as investors lost N383 billion.

The market also closed negative on Friday, May 15, 2026, as investors lost N1.2 trillion.

Meanwhile, the total transactions carried out by investors on the Exchange floor this week were 7.772 billion shares worth ₦374.040 billion in 402,945 transactions, in contrast to a total of 7.075 billion shares worth ₦324.351 billion traded last week in 474,436 transactions.

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The Financial Services industry (measured by volume) led the activity charts with 4.774 billion shares worth ₦196.352 billion traded in 153,515 transactions: thus contributing 61.43% and 52.49% respectively to the total volume and value of equity turnover.

The ICT industry followed with 1.118 billion shares worth ₦57.825 billion in 44,622 transactions.

In third position is the Services Industry with a transaction value of 601.745 million shares worth ₦6.984 billion in 27,653 transactions.

Trading in the top three equities, namely FirstHoldCo Plc, United Bank for Africa Plc, and Chams Holding Company Plc (measured by volume), accounted for 2.195 billion shares worth ₦99.820 billion in 30,056 transactions, contributing 28.24% and 26.69% respectively to the total volume and value of equity turnover.

Seventy-four (74) shares appreciated this week, higher than sixty-nine (69) shares in the previous week. Twenty-four (24) equities experienced price depreciation, lower than thirty-six (36) equities in the previous week, while forty-eight (48) equities remained unchanged, higher than forty-one (41) recorded in the previous week.

Berger Paint Plc recorded the largest percentage increase in share price, gaining 55.57%, followed by SCOA Plc, which also increased its share price by 45.92%.

Daar Comm Plc also increased its share price by 42.41%

On the other hand, Zichis recorded the largest percentage decline in share price, losing 11.78%, followed by TIP Plc, which also dropped its share price by 10.03%.

NPF Microfinance Bank Plc also lowered its share price by 10%.

By: Babajide Okeowo