By Seun Ibiyemi
The Nigerian stock market experienced a strong rebound in trading activity this week, with a total of 5.47 billion shares valued at ₦108.1 billion exchanged in 118,570 transactions on the floor of the Nigerian Exchange Ltd (NGX).
This represents a marked increase from the previous week’s turnover of 3.9 billion shares worth ₦102.22 billion in 114,484 deals.
The renewed bullish sentiment spurred a 5.75 per cent rise in transaction value, delivering a gain of ₦5.9 billion to investors.
Market analysts attribute the improved performance to growing investor confidence and a more optimistic outlook for the equities space.
The Financial Services Industry dominated activity charts, contributing 50.12 per cent to the total volume and 31.95 per cent to the total value. The sector accounted for 2.74 billion shares traded at ₦34.54 billion in 42,065 transactions.
Following closely, the Oil and Gas sector recorded 852.04 million shares worth ₦39.84 billion, while the Services Industry posted 400.19 million shares valued at ₦2.52 billion.
Royal Exchange, Access Holdings, and Japaul Gold & Ventures were the top-traded equities during the week, jointly accounting for 1.68 billion shares worth ₦12.82 billion across 8,036 transactions.
The NGX All-Share Index rose by 0.83 per cent to close at 120,989.66 points, while the overall market capitalisation climbed by 0.50 per cent to ₦76.34 trillion.
A total of 78 equities posted price appreciation, unchanged from the previous week, while 20 declined, an improvement over the 27 losers recorded last week. Another 49 equities closed flat.
Leading gainers included Meyer (+60.11%), RT Briscoe (+50.83%), FTN Cocoa Processors (+40.24%), International Energy Insurance (+35.43%), and UPDC (+34.66%).
Conversely, the worst performers for the week were PZ Cussons Nigeria, Julius Berger, SCOA Nigeria, VFD Group, and Halldane McCall.
Meanwhile, the NGX officially removed Notore Chemical Industries Plc from its Daily Official List on Friday, 4 July 2025, following the company’s voluntary delisting from the Exchange.
While most sectoral indices closed higher, the NGX Premium and NGX Industrial Goods indices recorded declines of 0.77 per cent and 2.11 per cent respectively. Analysts suggest the market may sustain its upward trajectory into the coming week, buoyed by favourable economic indicators and sustained investor interest.