By Seun Ibiyemi
The Nigerian Exchange Ltd. (NGX) closed the week on a positive note as the All-Share Index (ASI) rose by 1.39 per cent to 201,156.86 points, while market capitalisation increased to N129.126 trillion from N127.361 trillion the previous week.
Despite only three trading sessions following public holidays for the Eid-el-Fitr celebration, investors recorded gains of N1.765 trillion during the week.
Broad sectoral performance was positive, although certain indices, including NGX Insurance, NGX Consumer Goods, and NGX Oil & Gas, saw declines ranging from 0.10 to 4.91 per cent.
The NGX Sovereign Bond Index remained flat.
Trading activity surged, with a total of 8.761 billion shares worth N267.253 billion exchanged in 193,473 deals, compared with 3.321 billion shares valued at N164.845 billion in 318,907 deals in the previous week.
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The ICT sector led activity, accounting for 5.330 billion shares valued at N46.825 billion across 21,573 deals. The financial services sector followed with 2.765 billion shares worth N95.892 billion.
Top equities in terms of volume included E-Tranzact International Plc, FCMB Group Plc, and Wema Bank Plc, which together represented 69.44 per cent of total equity turnover volume and 15.21 per cent of total value.
The week’s top gainers were John Holt, BUA Cement, Premier Paints, Zenith Bank, and Learn Africa, while Zichis Agro-Allied Industries, Presco, Daar Communications, Eterna, and Red Star Express recorded the largest losses.
Additionally, NGX announced the listing of NGX30U6 and NGXPENSIONU6 futures contracts on Monday, March 16, and 296,464 units of the Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF) were added to the Daily Official List following the Fund’s 2025 fourth-quarter scrip dividend, raising its total units to 1,196,654,417.
