The Nigerian Exchange (NGX) recorded a turnover of 7.66 billion shares valued at N252.56 billion in 345,118 deals between February 16 and February 20.
In its weekly report, the NGX said the figure represents an increase of 30.64 percent compared to the previous week, when 4.65 billion shares worth N193.32 billion were traded in 286,751 deals.
Market capitalisation also rose significantly to N125.16 trillion, up from N117 trillion recorded the week earlier.
The exchange attributed this growth to a 6.95 percent rise in the all-share index (ASI), which climbed from 182,313.08 to 194,989.77.
TOP PERFORMING SECTORS
The report showed that the top three performing sectors for the week were the financial services industry, the services industry, and the oil and gas industry.
According to the data, the financial services industry led market activity by volume, with 5.62 billion shares valued at N113.59 billion traded in 129,729 deals, contributing 73.41 percent and 44.98 percent to the total equity turnover volume and value, respectively.
The services industry followed, recording 493.131 million shares worth N5.86 billion in 30,396 deals.
The oil and gas sector ranked third, with 425.65 million shares, valued at N35.74 billion, traded in 23,136 deals.
TOP THREE EQUITIES
NGX also said the top three equities were FCMB Group Plc, Access Holdings Plc and Zenith Bank Plc.
Together, the companies accounted for 3.59 billion shares valued at N69.14 billion in 33,802 deals.
The exchange added that the companies contributed 46.9 percent and 27.38 percent to the total equity turnover volume and value, respectively.
TOP GAINERS OF THE WEEK
According to the bourse, Zichis Agro Allied Industries Plc led the gainers, with its share price rising by N6.56 kobo, from N10.80 kobo to N17.36 kobo.
Also, the share price of Japaul Gold and Ventures Plc increased by N1.51 kobo, from N2.51 kobo to N4.02.
The share price of Infinity Trust Mortgage Bank Plc also appreciated by N5.85 kobo per share, closing the week at N15.75 kobo from N9.90 kobo.
Fortis Global Insurance Plc’s share gained N0.21 kobo, appreciating from N0.39 kobo to close the week at N0.60 kobo.
Similarly, Jaiz Bank Plc also advanced, gaining N2.70 kobo to close at N11 per share, up from N8.30 kobo.
TOP LOSERS OF THE WEEK
RT Briscoe Plc’s share depreciated by N3.62 kobo, from N17.42 kobo to N13.80 kobo.
Mecure Industry Plc shed N19.75 kobo in its share price, closing at N84.25 kobo per share, against an opening price of N104.
Tripple Gee and Company Plc’s share fell by N1.25 kobo per share, closing the week at N5.4 kobo from N6.65 kobo.
According to the bourse, Sovereign Trust Plc’s share price declined from N2.80 kobo to N2.32 kobo per share, losing N0.48 kobo.
Also, Ellah Lakes Plc lost N2.20 kobo after its share value dropped to N12.80 kobo from N15.
Stay ahead with the latest updates!
Join The Podium Media on WhatsApp for real-time news alerts, breaking stories, and exclusive content delivered straight to your phone. Don’t miss a headline — subscribe now!
Chat with Us on WhatsApp
