By Ayomide Otitoju
The Nigerian Exchange (NGX) closed last week on a bullish note, as market capitalisation surged by ₦1.875 trillion, driven by increased investor interest in top-tier banking stocks including Zenith Bank Plc, Access Holdings Plc, and Champion Breweries Plc.
Weekly data released by the NGX shows the All-Share Index rose by 2.35 per cent to 118,138.22 points, while market capitalisation advanced by 2.40 per cent to ₦74.534 trillion, up from ₦72.659 trillion in the previous week.
The market recorded a total turnover of 3.566 billion shares worth ₦115.403 billion in 99,960 deals, a sharp rise from the previous week’s 2.057 billion shares valued at ₦51.015 billion in 65,016 deals.
The financial services sector dominated activity, accounting for 2.166 billion shares worth ₦62.046 billion in 45,851 deals—representing 60.73 per cent of the total volume and 53.76 per cent of total value. The consumer goods sector followed with 580.89 million shares worth ₦10.90 billion, while the services sector posted 193.30 million shares worth ₦2.45 billion.
Zenith Bank Plc, Champion Breweries Plc, and Access Holdings Plc emerged as the most traded equities, jointly accounting for 1.003 billion shares valued at ₦26.08 billion across 14,232 deals—28.14 per cent of the total volume and 22.60 per cent of total value.
In the Exchange Traded Products (ETP) segment, 31,960 units valued at ₦5.8 million were traded in 144 deals, slightly up from 24,880 units worth ₦8.88 million in 92 deals the previous week. The bond market also saw an uptick, with 106,836 units worth ₦104.91 million traded in 58 deals, compared to 38,597 units valued at ₦37.54 million the week before.
Sectoral performance was largely positive, with all indices closing in the green except the Industrial Goods and Sovereign Bond indices, which fell by 0.36 per cent and 0.78 per cent respectively. The ASeM Index remained flat.
A total of 55 equities recorded gains, the same as the previous week, while 42 declined—up from 39 in the preceding week. The number of unchanged equities dropped to 51 from 54.
Top gainers included Ellah Lakes Plc (+23.09%), Beta Glass Plc (+19.43%), LivingTrust Mortgage Bank Plc (+18.88%), and Guaranty Trust Holding Company Plc (+18.81%).
Flour Mills of Nigeria Plc led the laggards, falling 17.19 per cent, followed by Sunu Assurances Nigeria Plc (-12.81%) and Oando Plc (-11.59%).
In regulatory updates, the NGX lifted the suspension on trading in Thomas Wyatt Nigeria Plc following the company’s compliance with reporting obligations. Additionally, Chams Holding Company Plc filed for a rights issue of 2.35 billion ordinary shares at ₦1.70 per share, while Sterling Financial Holdings Company Plc listed 6.66 billion new shares, bringing its total to 52.12 billion.
The exchange also listed new futures contracts—NGX30Z5 and NGXPENSIONZ5—with expiration dates of December 19, 2025, and prices set at ₦4,582.00 and ₦5,887.00 respectively.
