NGX Roundup: Bourse Supports Bullish Momentum with N3.4Tr Profit

The Nigerian equity market experiences bullish momentum, sweeping N3.4 trillion profits in five days.

The market was obtained in all five trading sessions this week.

Market capitalization increased to N79,803 trillion from N76,339 trillion recorded in the previous week.

Likewise, the all-share index (ASI) is valued at 4.26% to close the week with 126,149.59 points from 120,989.66 points recorded the previous week.

Nigeria’s equity market began Sunday on Monday, July 7, 2025, with a bullish note when investors received N192.85 billion at the end of the trade session.

The trend continues on Tuesday, July 8, 2025, when investors get N226.25 billion at the end of the trade session.

This trend lasted on Wednesday, July 9, 2025, when investors obtained N211.84 billion at the end of the trade session.

The market was closed with a positive note on Thursday, July 10, 2025, because investors obtained a very large N1.76 trillion.

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The Equity Market closed the week on Friday, July 11, 2025, with a profit N1.08TRN for investors.

Meanwhile, a total turnover of 5.390 billion shares worth N107,811 billion in 134,390 agreements traded this week by investors on the stock exchange floor, in contrast to a total of 5.466 billion shares worth N108,099 billion who exchanged hands last week at 118,570 agreements.

The Financial Services Industry (measured by volume) leads the activity chart with 3.019 billion shares worth N56,244 billion traded in 55,574 offers; Thus contributed 56.00% and 52.17% respectively for the total volume and value of the equity turnover.

The oil and gas industry was followed by 565,645 million shares worth N8.111 billion in 9,914 agreements.

In the third place is the service industry, with a turnover of 466,153 million shares worth N2,595 billion in 10,832 agreements. Trading in the top three equity, namely Access Holdings PLC, Japaul Gold & Ventures PLC and AIICO Insurance PLC (measured by volume), contributed 1,396 billion shares worth N15.835 billion in 12,828 offers, contributing 25.90% and 14.69% for the total volume of turnover and total Turnover, each.

Ninety (90) equity is valued in prices for a week, higher than seventy eight (78) equity in the previous week. Sixteen (16) equity depreciated in prices, lower than twenty (20) in the previous week, while forty -one (41) equity remains unchanged, lower than forty nine (49) recorded in the previous week.

FTN Cocoa Processorsor PLC recorded the largest increase in stock prices in the percentage, gaining 60.60% followed by the Red Star Express PLC which increased its share price by 60.57% in the process.

Omatek Ventures PLC also increased its share price by 60.44%.

On the other hand, Legend Internet PLC recorded the largest decline in stock prices based on the percentage, spilling 12.50% followed by the International Energy Insurance PLC, which decreased 6.75% of its share price.

Oando PLC also dropped 6.09% of its share price.

By: Babajide Okeowo