NGX ROUNDUP: Equity markets rebound with N505 billion gain for investors

Investors gained N505 billion as the equity market recovered from last week’s bearish trading.

The market strengthened in two of the three trading sessions due to the Eid al-Fitr holiday.

The market value increased to N160.509 trillion from N160.004 trillion recorded last week, while the All-Share Index (ASI) appreciated by 0.27% to close the week at 250,385.47 up from 249,712.37 points recorded in the previous week.

The Nigerian equity market started the week on Monday, May 25, 2026, on a bullish note, with investors gaining N905 billion by the end of the trading session.

The trend reversed on Tuesday, May 26, 2026, as investors lost N888 billion in five hours.

The market is closed on Wednesday and Thursday due to a holiday by the Federal Government to celebrate the 2026 Eid al-Fitr celebrations.

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The market recovered from the lull on Friday, May 29, 2026, with a gain of N414 billion for investors.

Meanwhile, the total transactions carried out by investors on the Exchange floor this week were 2.398 billion shares worth ₦111.480 billion in 241,313 transactions, in contrast to a total of 3.875 billion shares worth ₦161.757 billion traded last week in 334,745 transactions.

The Financial Services industry (measured by volume) led the activity charts with 1.656 billion shares worth ₦48.229 billion traded in 94,812 transactions: thus contributing 69.07% and 43.26% respectively to the total volume and value of equity turnover.

The Services Industry followed with 265.448 million shares worth ₦4.530 billion in 19,443 transactions.

In third place is the ICT Industry with a transaction value of 101.848 million shares worth ₦9.163 billion in 24,858 transactions.

Trading of the top three equities, namely Fidelity Bank Plc, Access Holdings Plc, and The Initiates Plc (measured by volume), accounted for 903.681 million shares worth ₦19.227 billion in 22,238 transactions, accounting for 37.69% and 17.25% respectively to the total volume and value of equity turnover.

Thirty-four (34) equities appreciated in price during this week lower than thirty-eight (38) equities in the previous week. Fifty-one (51) equities saw price depreciation, lower than fifty-five (55) equities in the previous week, while sixty-one (61) equities remained unchanged, higher than fifty-three (53) recorded in the previous week.

International Energy Insurance Plc recorded the largest percentage increase in share price, gaining 32.55%, followed by Sovereign Trust Insurance Plc, which also increased its share price by 20.61%.

Tantaliser Plc also increased its share price by 18.40%

On the other hand, Dangote Sugar Plc recorded the largest percentage decline in share price, losing 18.22%, followed by TIP which reduced its share price by 15.98%.

Premier Paints Plc also reduced its share price by 10.00%.

By: Babajide Okeowo