The Nigerian Exchange (NGX) Limited expanded by 0.27 per cent on a week-on-week basis last week, driven by gains recorded by 52 stocks, led by ABC Transport.
The notable transport and logistics firm posted a 44.87 per cent surge in its share price in the four-day trading week, closing at N2.26.
Legend Internet appreciated by 32.40 per cent to N9.03, Fidson rose by 22.85 per cent to N22.85, University Press jumped by 20.88 per cent to N4.11, and NAHCO flew by 20.17 per cent to N82.50.
On the flip side, Ecobank lost 18.75 per cent to sell at N26.00, Multiverse declined by 18.59 per cent to N6.35, Livestock Feeds crashed by 10.63 per cent to N8.49, Aradel Holdings slipped by 9.86 per cent to N448.00, and Tripple Gee depreciated by 9.60 per cent to N1.79.
Business Post reports that 52 shares gained weight in the week versus 64 shares a week earlier, 37 stocks depreciated versus 27 stocks in the previous week, and 59 equities closed flat versus 57 equities in the preceding week.
The All-Share Index (ASI) and the market capitalisation improved by 0.27 per cent and 0.28 per cent each to 106,042.57 points and N66.648 trillion, respectively.
Similarly, all other indices finished higher apart from the banking, insurance, AFR Bank Value, MERI Value, energy, Lotus II, sovereign bond and commodity indices, which depreciated by 0.38 per cent, 2.89 per cent, 0.04 per cent, 2.08 per cent, 2.90 per cent, 0.01 per cent, 0.19 per cent and 1.12 per cent, respectively.
The market operated for four days last week because of the public holiday observed on Thursday for the 2025 Workers’ Day celebration.
Despite this, Customs Street witnessed a higher turnover compared with the preceding trading week, as investors bought and sold 2.200 billion shares worth N75.409 billion in 70,329 deals versus the 1.854 billion shares valued at N56.025 billion traded in 51,386 deals a week earlier.
The financial services sector led the activity chart with 1.432 billion equities valued at N30.908 billion in 33,095 deals, contributing 65.09 per cent and 40.99 per cent to the total trading volume and value, respectively, as the ICT industry transacted 230.248 million shares worth N27.453 billion in 4,811 deals, and the consumer goods space sold 166.345 million stocks for N4.708 billion in 8,284 deals.
Fidelity Bank, Access Holdings, and UBA transacted 704.639 million units worth N16.757 billion in 10,466 deals, accounting for 32.03 per cent and 22.22 per cent of the total trading volume and value, respectively.