Lagos: The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation saw an appreciation of 1.02 per cent and 1.31 per cent respectively, closing the week at 143,584.04 and N91.135 trillion. In comparison, the previous week recorded figures of 142,133.03 and N89.960 trillion.
According to News Agency of Nigeria, equities investors experienced a gain of N1.175 trillion over the reviewed week. The market was open for four trading days due to a public holiday declared by the Federal Government on Wednesday, October 1, for the Independence Day celebration.
All indices ended the week on a positive note, except for the NGX Premium, NGX Insurance, NGX AFR Div Yield, and NGX MERI Value Indices, which declined by 0.05 per cent, 2.02 per cent, 2.78 per cent, and 0.81 per cent respectively, while the NGX AseM and NGX Sovereign Bond indices remained unchanged.
Investors traded a turnover of 8.403 billion shares valued at N115.501 billion in 115,801 transactions this week. This was an increase from the previous week's 7.684 billion shares worth N494.126 billion exchanged in 116,645 deals.
The Financial Services Industry dominated the activity chart with 7.750 billion shares worth N88.153 billion traded in 54,074 deals, accounting for 92.24 per cent and 76.32 per cent of the total equity turnover volume and value. The ICT Industry followed with 181.005 million shares valued at N4.077 billion in 9,364 deals, while the Consumer Goods Industry recorded a turnover of 126.554 million shares worth N6.274 billion in 14,261 deals.
Cornerstone Insurance Plc, Fidelity Bank Plc, and United Bank for Africa Plc were the top traded equities, contributing 6.525 billion shares valued at N52.699 billion in 8,820 transactions, making up 77.66 per cent and 45.63 per cent of the total equity turnover volume and value.
The week saw 53 equities appreciate in price, up from 32 in the previous week, while 43 equities depreciated, fewer than the 51 recorded previously. Fifty-one equities remained unchanged, compared to 64 the week before.
Eterna, Nigerian Enamelware, PZ Cussons, Livingtrust Mortgage Bank, and Eunisell Interlinked emerged as the top five gainers, with increases of 32.80 per cent, 20.94 per cent, 20.87 per cent, 18.25 per cent, and 17.56 per cent respectively. The companies gained N9.15, N7.35, N7.20, 94k, and N5.90 respectively.
Conversely, Julius Berger, International Energy Insurance, Union Dicon Salt, AXA Mansard, and University Press were the top decliners of the week, losing N26.60, 37k, 90k, N1.60, and 59k respectively.
The NGX also informed trading licence holders of the listing of an additional 14,143,244,747 ordinary shares of 50 Kobo each for Wema Bank Plc on the Daily Official List. These shares resulted from the Bank's Rights Issue of 14,286,785,417 ordinary shares at N10.45 per share, on the basis of two new shares for every three existing shares held as of March 5, 2025. This listing increased Wema Bank Plc's total issued and fully paid-up shares from 21,430,178,125 to 35,573,422,872 ordinary shares of 50 Kobo each.