NGX Roundup: Management for investors when the Equity Market gets the N437BN in one week

The Nigerian equity market recovered from four consecutive weeks of losses during the newly completed trading week to get the N437 billion on the Nigeria Xchange (NGX) floor.

Ripples Nigeria reported that investors recorded N532 billion losses in the previous week.

On the current week, the equity market gained in three of the five trade sessions and obtained N437 billion in the process.

Market capitalization increased to N66,257 trillion from N65,820 trillion recorded in the previous week.

Likewise, the All-Share Index (ASI) is valued by 0.66% to close the week with 105,660.64 points from 104,962.96 points recorded the previous week.

Nigeria’s equity market began Sunday on Monday, March 24, 2025, with a bullish record when investors received N368.99 billion at the end of the trade session.

The market was closed with profits on Tuesday, March 25, 2025, because investors also obtained N26.27 billion.

The Bears returned to the market on Wednesday, March 26, 2025, because investors lost N73.93 billion.

The losing trend continued on Thursday, March 27, 2025, because investors lost N30.89 billion at the end of the trading session.

The market closed the week on Friday, March 28, 2025, with a profitable trade session because investors received N147.06 billion.

Also read: Naira continues to decline in the official window, respect in the black market

Meanwhile, a total turnover of 7,521 billion shares worth N398,949 billion in 61,312 agreements traded this week by investors on the exchange floor, in contrast to a total of 2.902 billion shares worth N48.064 billion who exchanged hands last week at 57,0440 transactions.

Industrial goods (measured by volume) leading the activity chart with 4.923 billion shares worth N331,999 billion traded in 2,969 offers; Thus contributed 65.46% and 83.22% for the total volume and value of each equity turnover.

The financial services industry was followed by 2.092 billion shares worth N 31.744 billion in 32,421 agreements.

In the third place is the service industry, with a change of 198,775 million shares worth N788,669 million in 3,450 offers.

Trading in the top three equity namely Lafarge Africa PLC, Sovereign Trust Insurance PLC and Citix PLC (measured by volume) contributed 5,546 billion shares worth N332,381 billion in 1,300 offers, contributed 73.73% and 83.31% for total turnover volume and total value.

Forty -three (43) equity is valued in prices for a week, higher than thirty two (32) equity in the previous week. Thirty -six (36) equity depreciated in prices, lower than forty eight (48) the previous week, while seventy -one (71) equity remained unchanged, lower than seventy (70) recorded the previous week.

Mutual Mannal Assurance PLC recorded the largest increase in stock prices in the percentage of 56.72% followed by Sunu Assurances Nigeria PLC which increased its share price by 33.27% in the process.

Abbey Mortgage Bank PLC also increased its share price by 31.39%.

On the other hand, Africa Prudential PLC recorded a decrease in the largest stock price with a percentage of 60.45%, followed by CWG PLC which dropped 11.11% of its share price.

John Holt PLC also dropped 10.00% of his share price.

By: Babajide Okeowo

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