NGX Weekly Roundup: Bourse Supports Momentum with N513BN Profit

The Nigerian equity market experienced bullish momentum, gaining N513 billion profit in three days due to Eid holidays and democracy.

The market records profits in two of the three trading sessions.

Market capitalization increased to N72,788 trillion from N72,275 trillion recorded in the previous week.

Likewise, the All-Share Index (ASI) is valued by 0.71% to close the week with 115,429.54 points from 114,616.75 points recorded the previous week.

The Nigerian equity market began this week on Tuesday, June 10, 2025, with a record of bearish because investors lost N377.89 billion at the end of the trading session.

This trend was reversed on Wednesday, June 11, 2025, because investors received N404.58 billion at the end of the trading session.

The market was closed on Thursday, June 12, 2025, due to a Democratic Day holiday.

The Equity Market closed the week on Friday 13 June 2025, with a profit of N485.82 billion for investors.

Meanwhile, a total turnover of 2.057 billion shares worth N51,015 billion in 65,016 agreements traded this week by investors on the stock exchange floor, in contrast to a total of 3,214 billion shares worth N76,348 billion who exchanged hands last week at 64,156 agreements.

Also read: Police Catch Nigeria Due to Child Trafficking in Australia

The Financial Services Industry (measured by volume) Leads the activity chart with 1.060 billion shares worth N26,371 billion traded in 27,201 bids; Thus contributed 51.55% and 51.69% for the total volume and value of each equity turnover.

The service industry was followed by 490,276 million shares worth N1,586 billion in 3,865 agreements.

In the third place is the consumer goods industry, with a turnover of 122,795 million shares worth N5,841 billion in 7,638 offers.

Trading in the top three equity namely Tantalizer PLC, Access Holdings PLC and Zenith Bank PLC (measured by volume) contributed 693,553 million shares worth N9,957 billion in 7,661 offers, contributing 33.72% and 19.52% for total volume and value of each.

Fifty five (55) equity is valued in prices for a week, higher than fifty -three (53) equity in the previous week. Thirty nine (39) equity depreciated in price, lower than forty -three (43) in the previous week, while fifty four (54) equity remained unchanged, higher than fifty two (52) recorded in the previous week.

Legend Internet PLC recorded the biggest increase in stock prices in the percentage, gaining 32.77% followed by Berger Paints PLC which increased its stock price by 30.73% in the process.

Ellah Lakes PLC also increased its share price by 27.35%.

On the other hand, John Holt PLC recorded the largest decline in stock prices based on the percentage, shed 18.42% followed by Nigerian PLC industrial & medical gas, which shed 12.16% of its share price.

RT Briscoe PLC also dropped 10% of its share price.

By: Babajide Okeowo