The Nigerian equities market recovered from four consecutive weeks of losses during the just-concluded trading week gaining N437 billion on the floor of the Nigerian Xchange (NGX).
Ripples Nigeria reports that investors recorded a loss of N532 billion the previous week.
In the current week, the equities market gained in three of the five trading sessions and gained N437 billion in the process.
The market capitalization increased to N66.257 trillion from the N65.820 trillion recorded the previous week.
Similarly, the All-Share Index (ASI) appreciated by 0.66% to close the week at 105,660.64 points from the 104,962.96 points recorded the previous week.
The Nigerian equities market began the week on Monday, March 24, 2025, on a bullish note as investors gained N368.99 billion at the end of the trading session.
The market closed with a profit on Tuesday, March 25, 2025, as investors also gained N26.27 billion.
The bears returned to the market on Wednesday, March 26, 2025, as investors lost N73.93 billion.
The losing trend continued on Thursday, March 27, 2025, as investors lost N30.89 billion at the end of the trading session.
The market closed the week on Friday, March 28, 2025, with a profitable trading session as investors gained N147.06 billion.
Meanwhile, a total turnover of 7.521 billion shares worth N398.949 billion in 61,312 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.902 billion shares valued at N48.064 billion that exchanged hands last week in 57,044 deals.
The Industrial Goods (measured by volume) led the activity chart with 4.923 billion shares valued at N331.999 billion traded in 2,969 deals; thus contributing 65.46% and 83.22% to the total equity turnover volume and value respectively.
The Financial Services industry followed with 2.092 billion shares worth N 31.744 billion in 32,421 deals.
In third place was the Services Industry, with a turnover of 198.775 million shares worth N788,669 million in 3,450 deals.
Trading in the top three equities namely Lafarge Africa Plc, Sovereign Trust Insurance Plc and Cutix Plc (measured by volume) accounted for 5.546 billion shares worth N332.381 billion in 1,300 deals, contributing 73.73% and 83.31% to the total equity turnover volume and value respectively.
Forty-three (43) equities appreciated in price during the week, higher than thirty-two (32) equities in the previous week. Thirty-six (36) equities depreciated in price, lower than forty-eight (48) in the previous week, while seventy-one (71) equities remained unchanged, lower than seventy (70) recorded in the previous week.
Mutual Benefits Assurance Plc recorded the biggest share price increase in percentage gaining 56.72% followed by Sunu Assurances Nigeria Plc which increased its share price by 33.27% in the process.
Abbey Mortgage Bank Plc also increased its share price by 31.39%.
On the flip side, Africa Prudential Plc recorded the biggest decline in share prices by percentage shedding 60.45% followed by CWG Plc which shed 11.11% of its share prices.
John Holt Plc also knocked off 10.00% of its share prices.
By: Babajide Okeowo
