Lagos: Stock market investors traded 5.47 billion shares worth N108.1 billion in 118,570 transactions this week on the floor of the Nigerian Exchange Ltd. This marks a significant increase compared to the previous week, when 3.9 billion shares valued at N102.22 billion were exchanged in 114,484 deals. Consequently, the value of transactions traded by investors on the Exchange soared by 5.75 per cent, leading to investor gains of N5.9 billion.
According to News Agency of Nigeria, the Financial Services Industry led the activity chart, with 2.74 billion shares valued at N34.54 billion traded in 42,65 transactions. This sector contributed 50.12 per cent and 31.95 per cent to the total equity turnover volume and value, respectively. The Oil and Gas Industry followed, with 852.04 million shares worth N39.84 billion in 10,555 transactions. The Services Industry ranked third, with a turnover of 400.19 million shares worth N2.52 billion in 9,214 transactions.
Trading in the top three equities-Royal Exchange, Access Holdings, and Japaul Gold and Ventures-accounted for 1.68 billion shares worth N12.82 billion across 8,036 transactions. The NGX All-Share Index and Market Capitalisation appreciated by 0.83 per cent and 0.50 per cent, closing the week at 120,989.66 and N76.34 trillion, respectively. All other indices finished higher, except for NGX Premium and NGX Industrial Goods Indices, which depreciated by 0.77 per cent and 2.11 per cent, respectively.
Seventy-eight equities appreciated in price during the week, maintaining the same number as the previous week. However, twenty equities saw a decline in price, which is lower than the 27 recorded in the prior week, while 49 equities remained unchanged, higher than the 43 noted previously.
The top five gainers for the week included Meyer, RT Briscoe, FTN Cocoa Processors, International Energy Insurance, and UPDC, which grew by 60.11 per cent, 50.83 per cent, 40.24 per cent, 35.43 per cent, and 34.66 per cent, respectively. The companies gained N5.50, N1.23, N1.34, 62k, and N1.22 respectively. On the other hand, PZ Cussons Nigeria, Julius Berger Nigeria, SCOA Nigeria, VFD Group, and Halldane McCall were the top decliners, losing N5.70, N12.40, 53k, 80k, and 20k, respectively.
Additionally, the NGX disclosed that shares of Notore Chemical Industries had been delisted. The market bulletin dated 11 June 2025, with reference number NGXREG/IRD/MB41/25/06/11, had previously notified the market of the suspension of trading in Notore Chemical Industries Plc’s securities in preparation for its delisting. Following the approval of the company’s application to delist its entire issued share capital from the Nigerian Exchange Limited (NGX), the entire share capital was delisted from the Daily Official List of NGX on Friday, 04 July 2025.
