NGX Weekly Roundup: Stages of the Equity Market Comeback when investors get N1.71Tr

The Nigerian equity market returned this week after the Bearish Trading session last week, gained profit N1,711 trillion in five days.

The market records profits in three trading sessions, losing two trading sessions.

Market capitalization increased to N70,463 trillion from N68,752 trillion recorded in the previous week.

Likewise, the All-Share Index (ASI) appreciated 2.49% to close the week with 111,742.01 points from 109,028.62 points recorded the previous week.

Nigeria’s equity market began Sunday on Monday, May 26, 2025, with a bullish record when investors received N539.98 billion at the end of the trade session.

The trend continued on Tuesday, May 27, 2025, when investors obtained N1.09Trn at the end of the trade session.

The market was closed with another profit on Wednesday, May 28, 2025, because investors obtained N186.90 billion.

The equity market recorded losses on Thursday, May 29, 2025, because investors lost N53.30 billion.

The market closed the week with losses on Friday, May 30, 2025, because investors lost the final N47.97 billion from the trading session.

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Meanwhile, a total turnover of 3.794 billion shares worth N119,394 billion in 89,636 agreements traded this week by investors on the stock exchange floor, in contrast to a total of 3.932 billion shares worth N74,813 billion who exchanged hands last week in 105,220 agreements.

Financial services (measured by volume) leading an activity chart with 2.744 billion shares worth N79,805 billion traded in 36,458 agreements; Thus contributing 72.34% and 66.84% for the total volume and value of each equity turnover.

The consumer goods industry was followed by 201,889 million shares worth N7,623 billion in 11,922 offers.

In the third place is the service industry, with a turnover of 173,748 million shares worth N1,719 billion in 6,385 agreements.

Trade in the top three equity namely United Bank for Africa PLC, Fidelity Bank PLC and Access Holdings PLC (measured by volume) contributed 1,942 billion shares worth N61,542 billion in 12,443 offers, contributing 51.19% and 51.54% for total volume of turnover and total value.

Fifty -six (56) equity is valued in prices for a week, higher than fifty two (52) equity in the previous week. Forty four (44) equity depreciated in price, higher than forty -one (41) in the previous week, while forty -eight (48) equity remained unchanged, lower than fifty -five (55) recorded in the previous week.

University Press PLC recorded the biggest increase in stock prices in the percentage which gained 35.32% followed by the Red Star Express PLC which increased its share price by 23.99% in the process.

Omatek Ventures PLC also increased its share price by 20.00%.

On the other hand, Abbey Mortgage Bank PLC recorded a decrease in the largest stock price with a percentage of 26.87% followed by PLC internet legend, which dropped 18.95% of its share price.

Nigeria PLC enamelware also dropped 18.77% of its share price.

By: Babajide Okeowo