Investors in the Nigerian equities market endured a bearish trading week losing a massive N1.452 trillion on the trading floor of the Nigerian Xchange (NGX).
This follows a gain of N1.137tr the previous week.
The bourse recorded losses in three of the five trading sessions this week.
The market capitalization decreased to N62.851 trillion from N64.303 trillion the previous week.
Similarly, the All-Share Index (ASI) depreciated by 2.94% to close the week at 102,353.68 points from 105,451.06 points recorded the previous week.
The Nigerian equities market began the week on Monday, January 13, 2025, with a loss as investors lost N51.10 billion at the end of the trading session.
The market closed with a loss on Tuesday, January 14, 2025, with a loss of N1.06 trillion.
The market sustained the bearish trend with another loss of N930.62 billion on Wednesday, January 15, 2025.
The market regained the bullish trend on Thursday, January 16, 2025, as investors gained N53.12 billion at the end of the trading session.
The trend continued on Friday, January 17, 2025, as investors closed the week with a profit of N541.09 billion.
Meanwhile, a total turnover of 2.252 billion shares worth N58.831 billion in 63,657 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 4.698 billion shares valued at N85.043 billion that exchanged hands last week in 72,562 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.371 billion shares valued at N22.274 billion traded in 26,114 deals; thus contributing 60.86% and 37.86% to the total equity turnover volume and value respectively.
The Consumer Goods industry followed with 253.536 million shares worth N15.244 billion in 8,869 deals.
In third place was the Services Industry, with a turnover of 193.424 million shares worth N931.795 million in 4,716 deals.
Trading in the top three equities namely Universal Insurance Plc, Guaranty Trust Holding Company Plc and AIICO Insurance Plc (measured by volume) accounted for 468.315 million shares worth N9.007 billion in 3,568 deals, contributing 20.79% and 15.31% to the total equity turnover volume and value respectively.
Thirty-three (33) equities appreciated in price during the week, lower than fifty-one (51) equities in the previous week. Fifty-seven (57) equities depreciated in price higher than thirty-nine (39) in the previous week, while sixty-two (62) equities remained unchanged, same as sixty-two (62) recorded in the previous week.
Neimeth International Pharmaceuticals Plc recorded the biggest share price increase in percentage gaining 31.42% followed by SCOA NIG. Plc which increased its share price by 20.39% in the process.
NNFM Plc also increased its share price by 19.54%.
On the flip side, Universal Insurance Plc recorded the biggest decline in share prices by percentage shedding 19.23% followed by Royal Exchange Plc which shed 18.35% of its share prices.
Regency Assurance Plc also knocked off 17.78% of its share prices.
By: Babajide Okeowo