adplus-dvertising
Business News

Fidelity Bank, Two Others Account for 54% of NGX Weekly Trading Volume

Fidelity Bank 500m Eurobond

The trio of Fidelity Bank, Access Holdings, and Sovereign Trust Insurance accounted for 54.05 per cent of the trading volume and 10.87 per cent of the trading value at the Nigerian Exchange (NGX) Limited last week with a turnover of 1.685 billion shares worth N9.813 billion in 9,367 deals.

Data showed that in the week, investors bought and sold 3.117 billion stocks valued at N90.295 billion in 118,018 deals versus the 3.199 billion stocks sold for N85.399 billion in 142,477 deals a week earlier.

Business Post reports that the bourse opened for four days last week due to the public holiday declared on Friday September 5, 2025, by the federal government for Eid-ul Mawlid.

It was observed that the financial services sector led the activity chart with 2.542 billion equities worth N30.357 billion traded in 52,390 deals, contributing 81.55 per cent and 33.62 per cent to the total trading volume and value, respectively.

The services counter exchanged 114.610 million shares worth N816.381 million in 6,098 deals, and the consumer goods space transacted 105.452 million stocks valued at N5.492 billion in 13,346 deals.

A total of 19 equities appreciated last week versus 32 equities a week earlier, 64 stocks depreciated compared with 57 stocks recorded in the previous week, and 64 shares closed flat, in contrast to 57 shares in the preceding week.

Sovereign Trust Insurance gained 14.23 per cent to settle N2.97, Secure Electronic Technology improved by 12.94 per cent to 96 Kobo, Cornerstone Insurance grew by 12.36 per cent to N7.18, NCR Nigeria jumped by 9.96 per cent to N12.70, and SCOA Nigeria rose by 9.83 per cent to N6.59.

Conversely, DAAR Communications lost 21.10 per cent to finish at 86 Kobo, UPDC shrank by 13.85 per cent to N5.60, AIICO Insurance slipped by 13.61 per cent to N3.49, Champion Breweries plunged by 13.29 per cent to N15.00, and PZ Cussons depreciated by 13.28 per cent to N32.00.

Customs Street witnessed profit-taking, resulting in the All-Share Index (ASI) and the market capitalisation giving up 0.94 per cent to close the week at 138,980.01 points and N87.937 trillion, respectively.

In the same vein, all other indices finished lower except the growth and commodity indices, which appreciated by 0.15 per cent and 0.04 per cent apiece, while the AseM index closed flat.