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Investors earned N1.76 trillion in the just ended and holiday-shortened trading week as equity markets continued to consolidate on last week’s bullish run.
The market opened for trading three times, when the Federal Government declared Thursday 19 March and Friday 20 March 2026 as National Holidays to commemorate the Idul Fitri Celebration.
The market strengthened in two out of three trading sessions as equity capitalization increased to N129.1 trillion from N127.3 trillion recorded last week.
The All-Share Index (ASI) appreciated by 1.39% closing the week at 201,156.86 points from 198,407.30 points recorded in the previous week.
The Nigerian equity market started the week on Monday, March 16, 2026, on a bullish note as investors gained N1.96 trillion by the end of the trading session.
The rise continued in the market on Tuesday, March 17, 2026, as investors made N696 billion, in five hours.
The market closed negative on Wednesday, March 18, 2026, as investors lost N900 billion.
Meanwhile, the total transactions carried out by investors on the Exchange floor this week were 8.761 billion shares worth ₦267.253 billion from 193,473 transactions, in contrast to a total of 3.321 billion shares worth ₦164.845 billion traded last week in 318,907 transactions.
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The ICT industry (measured by volume) led the activity charts with 5.330 billion shares worth ₦46.825 billion traded in 21,573 transactions: thus contributing 60.84% and 17.52% respectively to the total volume and value of equity turnover.
The Financial Services industry followed with 2.765 billion shares worth ₦95.892 billion in 75,103 transactions.
In third place is the Consumer Goods Industry with a transaction value of 174.484 million shares worth ₦20.805 billion in 20,693 transactions. Trading in the top three equities, namely E-Tranzact International Plc, FCMB Group Plc and Wema Bank Plc, (measured by volume), accounted for 6.084 billion shares worth ₦40.661 billion in 5,570 transactions, accounting for 69.44% and 15.21% respectively to the total volume and value of equity turnover.
Forty-eight (48) shares appreciated this week, higher than thirty-four (34) shares in the previous week. Forty-three (43) equities saw price depreciation, lower than sixty-one (61) equities in the previous week, while fifty-seven (57) equities remained unchanged, higher than fifty-three (53) recorded in the previous week.
John Holt Plc recorded the largest percentage increase in share price, gaining 50.58% followed by Bua Cement Plc, which also increased its share price by 18.37%.
Premier Paints Plc also increased its share price by 13.55%.
On the other hand, Zichis Agro Allied Industries Plc recorded the largest percentage decline in share price, losing 50.58% followed by Presco Plc, which dropped its share price by 18.37%.
Daar Communications Plc, also lowered its share price by 13.55%.
By: Babajide Okeowo
