NGX Roundup: Investors get N614 billion in five days when the Equity Market Reli continues

Nigeria’s equity market continued the meeting in general when investors recorded a profitable trading week to collect N614 billion profits in five days.

Although starting this week with losses, the equity market is obtained in the remaining four days in the N614 billion profit in the process.

Market capitalization increased to N68,953 trillion from N68, 399 trillion recorded in the previous week.

Likewise, the All-Share (ASI) index is valued at 0.90% to close the week with 109,710.37 points from 108,733.40 points recorded the previous week.

Nigeria’s equity market began Sunday on Monday, May 12, 2025, with a record of bearish because investors lost N296.61 billion at the end of the trading session.

This trend became bullish for the remaining week because investors received N314.95 billion at the end of the trading session on Tuesday, May 13, 2025.

The market was closed with a session to produce other profits on Wednesday, May 14, 2025, because investors obtained N186.48BN.

The equity market made it the third day in a row -according to making a profit on Thursday, May 15, 2025 when investors obtained N256.62 billion.

The market continued its ranking on Friday, May 16, 2025, when investors obtained N152.55 billion at the end of the trading session.

Meanwhile, a total turnover of 2,606 billion shares worth N63,785 billion in 77,593 agreements traded this week by investors on the stock exchange floor, in contrast to a total of 2,645 billion shares worth N77.005 billion who exchanged hands last week in 86,110 agreements.

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Financial services (measured by volume) leading the activity chart with 1.540 billion shares worth N28,963 billion traded in 32,805 offers; Thus contributed 59.08% and 45.41% for the total volume and value of each equity turnover.

The service industry was followed by 286,833 million shares worth N1,711 billion in 6,280 agreements.

In the third place is the consumer goods industry, with a turnover of 202,565 million shares worth N7,439 billion in 9,708 offers.

Trading in the top three equity namely FCMB Group PLC, Access Holdings PLC and Tantalizer PLC (measured by volume) contributed 600,684 million shares worth N6,570 billion in 7.201 Offer, contributed 23.05% and 10.30% to the total volume of equity turnover and value of each.

Sixty one (61) equity valued in prices for a week, lower than sixty eight (68) equity the previous week. Thirty -one (31) equity depreciated in prices, higher than twenty eight (28) in the previous week, while fifty -six (56) equity remained unchanged, higher than fifty -two (52) recorded in the previous week.

Beta Glass PLC recorded the biggest increase in stock prices in the percentage of getting 46.31% followed by the PLC Champions Brewers which increased its share price by 42.08% in the process.

Caverton Offshore GRP PLC support also increases its share price by 37.70%.

On the other hand, Multiverse Mining and Exploration PLC recorded the biggest decline in stock prices with a percentage of 19.50% followed by Union Dicon Salt PLC, which dropped 11.83% of its share price.

The Nigeria PLC flight handling company also dropped 9.64% of its share price.

By: Babajide Okeowo

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