NGX Roundup: The equity market continues to recover because investors get the N183BN

The Nigerian equity market continued its recovery from a three -week -old defeat in April by recording a trading week that generates profits.

This is even when investors record ₦ 183 billion for a week.

Ripples Nigeria reported that investors recorded N966 billion profits in the previous week.

In the new trading Sunday, the equity market opened for four days, getting two and lost in two trading sessions while reaping N183 billion in the process.

Market capitalization increased to N66, 648 trillion from N66,465 trillion recorded in the previous week.

Likewise, the All-Share Index (ASI) is valued by 0.27% to close the week with 106,042.57 points from 105,752.61 points recorded the previous week.

Nigeria’s equity market began Sunday on Monday, April 28, 2025, with a bullish record when investors received N228.49 billion at the end of the trade session.

This trend was reversed on Tuesday, April 29, 2025, because investors lost N116.28 billion at the end of the trade session.

The market was closed with other losses on Wednesday, April 30, 2025, because investors lost N81.29 billion.

The equity market is closed on Thursday; May 1, 2025 when Nigeria joined the whole world to celebrate International Labor Day 2025.

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The market was reopened on Friday, May 2, 2025, with a profit when investors earned N151.92 billion at the end of the trading session.

Meanwhile, a total turnover of 2,200 billion shares worth N75.409 billion in 70,329 agreements traded this week by investors on the stock exchange floor, in contrast to a total of 1,854 billion shares worth N56,025 billion who exchanged hands last week at 51,386 agreements.

As usual, financial services (measured by volume) leading the activity chart with 1.432 billion shares worth N30,908 billion traded in 33,095 offers; Thus contributed 65.09% and 40.99% for the total volume and value of each equity turnover.

The ICT industry was followed by 230,248 million shares worth N27,453 billion in 4,811 agreements.

In the third place is the consumer goods industry, with a turnover of 166,345 million shares worth N4,708 billion in 8,284 offers.

Trading in the top three equity namely Fidelity Bank PLC, Access Holdings PLC and United Bank for Africa PLC (measured by volume) contributed 704,639 million shares worth N16.757 billion in 10,466 offers, contributing 32.03% and 22.22% for total volume of turnover and equity value.

Fifty two (52) equity valued in prices for a week, lower than sixty four (64) equity the previous week. Thirty seven (37) equity depreciated in price, higher than twenty seven (27) the previous week, while fifty -nine (59) equity remained unchanged, higher than fifty -seven (57) recorded in the previous week.

The Associated Bus Company PLC recorded the biggest increase in stock prices in the percentage of getting 44.87% followed by PLC internet legend which increased its share price by 32.40% in the process.

Fidson Healthcare PLC also increased its share price by 22.85%.

On the other hand, the Ecobank Transnational Incorporated PLC recorded the biggest decline in stock prices with a percentage of uprifting 18.75% followed by multiverse mining and PLC exploration, which reduced 18.59% of its share price.

PLC livestock feed also knocked down 10.63% of its share price.

By: Babajide Okeowo

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