Trading Volume and Value Decline
During the week, investors transacted 3.214 billion shares valued at N76.348 billion across 64,156 deals. This represents a significant decrease compared to the previous week, which saw 3.794 billion shares worth N119.394 billion traded in 89,636 deals. Consequently, the total value of transactions plummeted by 56.4 percent week-on-week. The market was open for only four trading days, as Friday, June 6, and Monday, June 9, were observed as public holidays.
Financial Services Lead Sectoral Performance
The Financial Services industry dominated the activity chart, accounting for the lion's share of trading. It recorded the exchange of 2.313 billion shares valued at N52.241 billion in 27,326 deals. This sector alone contributed an impressive 71.96 percent to the total equity turnover volume and 68.43 percent to the total equity turnover value.
Following the Financial Services sector, the ICT industry came in second, with 301.996 million shares worth N5.026 billion traded in 4,137 deals. The Consumer Goods Industry secured the third spot, seeing a turnover of 144.538 million shares valued at N5.632 billion across 8,093 deals.
Top Traded Equities and Market Performance
Trading in the top three equities—Fidelity Bank Plc, Legend Internet Plc, and Guaranty Trust Holding Company Plc—significantly influenced the week's performance. These three companies collectively accounted for 1.545 billion shares worth N34.446 billion in 4,939 deals, representing 48.06 percent of the total equity turnover volume and 45.12 percent of the total equity turnover value.
Despite the reduced activity, the NGX All-Share Index appreciated by 2.57 percent, closing the week at 114,616.75. Similarly, the Market Capitalisation rose to N72.275 trillion. All other sector-specific indices also finished higher, with the sole exception of the NGX ASeM Index, which remained flat.
Gainers and Decliners
The market saw more advancing equities than declining ones. Fifty-three equities appreciated in price during the week, a slight decrease from the 56 recorded in the previous week. Conversely, forty-three equities depreciated in price, which was lower than the 44 decliners from the prior week. The number of unchanged equities increased to 52, up from 48.
The top five decliners for the week included:
- Associated Bus Company: lost 55k
- Julius Berger: lost N18.50
- Legend Internet: lost 82k
- Livestock Feeds: lost N1.15
- E-Tranzact International: lost 80k
Leading the charge among the top five gainers were:
- Oando Plc: gained 25.77 percent (N11.65)
- Lasaco Assurance Plc: gained 21.62 percent (56k)
- Multiverse Mining: gained 20.39 percent (N1.55)
- Cornerstone Insurance: gained 19.51 percent (64k)
- First Holdco: gained 17.60 percent (N4.40)
In other market news, the May 2025 Issue of the Federal Government of Nigeria Savings Bonds were officially listed on the Nigerian Exchange Ltd on Thursday, offering new investment opportunities for market participants.