NGX Roundup: The Equity Market Reli continues when the investor gets N1.691Tr

Nigeria’s equity market continues the rally when investors record profits ₦ 1,691 trillion in the new trading week that has just ended.

Ripples Nigeria reported that investors recorded N183 billion profits in the previous week.

In the new trading Sunday, the equity market was obtained in four and lost in one of the trading sessions while sweeping the profit N1. 691 trillion in the process.

Market capitalization increased to N68, 399 trillion from N66, 648 trillion recorded in the previous week.

Likewise, the All-Share Index (ASI) appreciates 2.54% to close the week with 108,733.40 points from 106,042.57 points recorded the previous week.

Nigeria’s equity market began Sunday on Monday, May 5, 2025, with a bullish record when investors received N412.25 billion at the end of the trade session.

The trend continues on Tuesday, May 6, 2025, when investors get N1.04Trn at the end of the trading session.

The market was closed with a session to generate other profits on Wednesday, May 7, 2025, because investors obtained N307.17 billion

The Equity Market made it the fourth day in a row -according to making a profit on Thursday, May 8, 2025 when investors obtained N240.15 billion.

The market yelled at its scratches on Friday, May 9, 2025, because investors lost N313.34 billion at the end of the trade session.

Also read: Senate warns the Badaru Defense Minister of the Security Summit statement

Meanwhile, a total turnover of 2,645 billion shares worth N77,005 billion in 86,110 offers traded this week by investors on the stock exchange floor, in contrast to a total of 2,200 billion shares worth N75,409 billion who exchanged hands last week in 70,329 agreements.

As usual, financial services (measured by volume) leading the activity chart with 1,638 billion shares worth N45,825 billion traded in 37,843 offers; Thus contributed 61.90% and 59.51% for the total volume and value of each equity turnover.

The service industry was followed by 364,653 million shares worth N2,909 billion in 7,760 offers.

In the third place is the consumer goods industry, with a turnover of 190,221 million shares worth N6,771 billion in 10,595 offers.

Trading in the top three equity, namely the guarantor of the Trust Holding Company PLC, Access Holdings PLC and Tantalizer PLC (measured by volume) contributed 839.689 million shares worth N27,737 billion in 8,898 offers, contributed 31.74% and 36.02% for total turnover volume and total value.

Sixty -eight (68) equity is valued in prices for a week, higher than fifty two (52) equity in the previous week. Twenty -eight (28) equity depreciated in prices, lower than thirty -seven (37) in the previous week, while fifty -two (52) equity remained unchanged, lower than fifty nine (59) recorded in the previous week.

Multiverse Mining and Exploration PLC recorded the biggest increase in stock prices in a percentage that rose 57.48% followed by the PLC Academy Press which increased its share price by 50.52% in the process.

Beta Glass PLC also increases its share price by 46.31%.

On the other hand, Abbey Mortgage Bank PLC recorded a decrease in the largest stock price with a percentage of uprising of 15.66% followed by Meyer PLC, which reduced 13.51% of its share price.

Veritas Capital Assurance PLC also knocked down 10.81% of its share price.

By: Babajide Okeowo

Join the conversation

Opinion

Supports Nigeria’s ripples, resistant Journalism Solutions

A balanced and fearful journalism that is driven by data comes with enormous financial costs.

As a media platform, we ask for leadership accountability and will not trade the right to suppress freedom and freedom of speech for a piece of cake.

If you like what we do, and ready to uphold journalism solutions, friendly Nigerian ripples cause.

Your support will help ensure that residents and institutions continue to have free access to credible and reliable information for community development.

Donation now