The Nigerian equities market sustained the bullish trend recorded last week as investors gained N883.7bn on the trading floor of the Nigerian Xchange (NGX) in a perfect trading week.
Ripples Nigeria reports that investors recorded a gain of N1tr the previous week.
In the current week, the equities market gained in all the five trading days.
The market capitalization increased to N65.592 trillion from N64.709 trillion recorded the previous week.
The Nigerian equities market began the week on Monday, February 3, 2025, with a profit as investors gained N83 billion at the end of the trading session setting the tone for the rest of the week.
The market closed with a gain on Tuesday, February 4, 2025, as investors gained N98 billion.
The bulls continued to visit the market on Wednesday, February 5, 2025, as investors gained N332.25bn.
The market sustained the bullish trend on Thursday, February 6, 2025, as investors gained another N68.15 billion at the end of the trading session.
The market closed the week on Friday, February 7, 2025, with a profit as investors gained N305.07 billion.
Meanwhile, a total turnover of 3.051 billion shares worth N98.350 billion in 72,535 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.245 billion shares valued at N69.198 billion that exchanged hands last week in 77,270 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.260 billion shares valued at N52.190 billion traded in 33,724 deals; thus contributing 74.08% and 53.07% to the total equity turnover volume and value respectively.
The Consumer Goods industry followed with 141.684 million shares worth N4.018 billion in 7,218 deals.
Third place was the Industrial Goods Industry, with a turnover of 104.862 million shares worth N3.300 billion in 3,995 deals.
Trading in the top three equities namely Access Holdings Plc, FBN Holdings Plc and Zenith Bank Plc, (measured by volume) accounted for 1.176 billion shares worth N38.469 billion in 9,506 deals, contributing 38.56% and 39.11% to the total equity turnover volume and value respectively.
Fifty-eight (58) equities appreciated in price during the week, higher than fifty-two (52) equities in the previous week. Thirty-four (34) equities depreciated in price lower forty-four (44) in the previous week, while fifty-eight (58) equities remained unchanged, higher than fifty-four (54) recorded in the previous week.
UPDC Plc recorded the biggest share price increase in percentage gaining 38.50% followed by Eterna Plc which increased its share price by 32.79% in the process.
International Energy Insurance Plc also increased its share price by 29.53%.
On the flip side, Sunu Assurances Nigeria Plc recorded the biggest decline in share prices by percentage shedding 12.87% followed by University Press Plc which shed 10.00% of its share prices.
Multiverse Mining And Exploration Plc also knocked off 9.95% of its share prices.
