By Seun Ibiyemi
Despite experiencing a three-day losing streak, the Nigerian equities market closed the just-ended trading week with a net gain of N216 billion, as market capitalisation rose to N89.9 trillion from N89.7 trillion the previous week.
Similarly, the All-Share Index (ASI) appreciated by 0.20 per cent, settling at 142,133.03 points compared to 141,845.35 points recorded the week before.
The market opened the week bearish on Monday, September 22, 2025, with investors losing N219.65 billion. The negative sentiment deepened on Tuesday, as losses widened to N326.17 billion, while Wednesday saw further declines of N135.13 billion.
However, market sentiment reversed on Thursday, with investors posting a strong gain of N279.37 billion, followed by an even bigger rebound on Friday, when investors raked in N617.45 billion, erasing earlier losses.
Trading activity was robust, as investors exchanged 7.684 billion shares worth N494.126 billion in 116,645 deals, a sharp increase compared to 2.735 billion shares valued at N85.197 billion traded in 127,284 deals the previous week.
The Financial Services Industry dominated the activity chart, accounting for 6.399 billion shares valued at N71.807 billion traded in 54,799 deals, representing 83.27% and 14.53% of the total equity turnover volume and value, respectively.
Meanwhile, investors in the Nigerian stock market traded a total turnover of 7.684 billion shares worth N494.126 billion in 116,645 transactions.
The Nigerian Exchange Ltd.(NGX) weekly report made available in Lagos, said this was in contrast to 2.735 billion shares valued at N85.197 billion that exchanged hands last week in 127,284 deals.
As a result, the value of transactions traded by investors on the Exchange advanced by 479.9 per cent.
The Financial Services Industry led the activity chart with 6.399 billion shares valued at N71.807 billion traded in 54,799 transactions.
This contributed 83.27 per cent and 14.53 per cent to the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 730.517 million shares worth N391.364 billion in 7,059 deals.
The third place was the Services Industry, with a turnover of 128.647 million shares worth N962.909 million in 5,863 transactions.
Trading in the top three equities, namely Unity Bank Plc, Aradel Holdings Plc and Consolidated Hallmark Holdings Plc, accounted for 5.209 billion shares worth N404.945 billion in 2,667 deals.
This contributed 67.79 per cent and 81.95 per cent to the total equity turnover volume and value respectively.
The NGX All-Share Index and market capitalisation appreciated by 0.20 per cent and 0.24 per cent to close the week at 142,133.03 and N89.960 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX CG, NGX Pension, NGX Insurance, NGX MERI Growth, NGX Oil and Gas, NGX Lotus II, NGX Pension Broad and NGX Commodity Indices.
Each depreciated by 0.08 per cent, 0.15 per cent, 0.91 per cent, 0.35 per cent,1.62 per cent, 0.52 per cent, 0.07% and 0.91 per cent respectively while the NGX AseM and NGX Sovereign Bond indices closed flat.
Thirty-two equities appreciated in price during the week, lower 40 equities in the previous week.
Fifty-one equities depreciated in price, higher than 41 equities in the previous week, while 64 equities remained unchanged, lower than 66 recorded in the previous week.
Thomas Wyatt Nigeria, Secure Electronic Technology, Mecure Industries, Chellaram and Royal Exchange were the top five advancers for the week as they grew in 22.68 per cent, 21.33 per cent, 20.83 per cent, 11.30 per cent and 10.29 per cent respectively.
They gained 61k, 16k, N4.50, N1.65 and 21k respectively.
The top five decliners for the week were: Wema Bank, Fidelity Bank, Eterna, Ikeja Hotel and Africa Prudential as they lost N2.55, N2.30 N3.10, N2.25 and N1.45 respectively.
The NGX also notified the trading licence holders that additional 3,166,284,712 ordinary shares of 50Kobo each of FCMB Group Plc were listed on Tuesday, 23 September on the Daily Official List of the NGX.
The additional shares listed on NGX arose from FCMB’s Conversion of N23,113,878,388.75 Loan to Equity.
With this listing of the additional 3,166,284,712 ordinary shares, the total issued and fully paid-up shares of FCMB has now increased from 39,605,421,562 to 42,771,706,274 ordinary shares of 50 Kobo each.