Investors lose N370bn on NGX in one week
…As UACN leads losers’ chart
By Seun Ibiyemi
Stock market investors on the Nigerian Exchange Ltd traded 1.183 billion shares worth N28.868 billion across 42,397 transactions this week.
This marks a stark contrast to the previous week, where 7.521 billion shares valued at N398.949 billion changed hands in 61,312 deals.
As a result, the value of transactions this week dropped significantly, by 1,282 per cent, with investors losing N370 billion.
The market was open for only three trading days this week, as the Federal Government declared Monday and Tuesday as public holidays to mark the 2025 Eid el-Fitr celebration.
Among the most traded equities were Fidelity Bank Plc, Zenith Bank Plc, and Universal Insurance Plc, which collectively accounted for 264.627 million shares worth N5.932 billion in 5,714 transactions. These trades represented 22.36 per cent of the total volume and 20.55 per cent of the total value of transactions for the week.
The financial services sector led market activity, with 906.590 million shares valued at N18.926 billion traded in 22,876 deals, making up 76.60 per cent of the total volume and 65.56 per cent of the total value.
The consumer goods industry followed, with 71.059 million shares worth N2.224 billion exchanged in 3,394 transactions.
The services sector came third, with a turnover of 47.305 million shares valued at N396.897 million.
The NGX All-Share Index and market capitalisation both saw declines, dropping by 0.14 per cent and 0.17 per cent respectively, to close the week at 105,511.89 and N66.147 trillion.
On a positive note, a number of sectoral indices posted gains, including the NGX CG, NGX Banking, NGX Pension, NGX AseM, NGX AFR Bank Value, NGX MERI Value, NGX Sovereign Bond, and NGX Pension Broad Indices, which rose by 0.13 per cent, 0.22 per cent, 0.22 per cent, 0.06 per cent, 1.02 per cent, 0.32 per cent, 0.12 per cent, and 0.02 per cent, respectively. The NGX Commodity Index, however, remained unchanged.
During the week, 23 equities saw price increases, a decrease compared to 43 equities in the previous week. Fifty-one equities saw price declines, up from 36 in the prior week, while 73 stocks remained unchanged, an increase from the 71 that did not move in the previous week.
The top five decliners for the week were UAC of Nigeria, Sunu Assurance, Universal Insurance, Oando, and Consolidated Hallmark Holdings, which lost N6.50, 89k, 08k, N6.35, and 46k, respectively.
The top gainers were VFD Group, Union Dicon Salt, Africa Prudential, Nigerian Exchange Group, and UPDC Real Estate Investment Trust, which saw increases of 20.76 per cent, 19.59 per cent, 15.71 per cent, 11.90 per cent, and 10.91 per cent, respectively. These companies gained N9.80, 95k, N2.05, N3.45, and 60k, respectively.
