Ponzi scheme victims in Nigeria mostly women — SEC DG
Transactions on NGX up 30.26%, investors gain N13bn in one week
By Seun Ibiyemi
Investors on the Nigerian Exchange Ltd. traded a total of 1.854 billion shares valued at N56.025 billion in 51,386 transactions over the course of the week.
This marked a notable increase compared to the previous week’s figures, when 1.525 billion shares worth N43.006 billion exchanged hands in 51,156 deals.
As a result, the overall value of transactions on the Exchange climbed by 30.26 per cent, with investors pocketing an additional N13.019 billion.
It is worth noting that the market operated for only four days this week, as the Federal Government designated Friday, 18 April and Monday, 21 April as public holidays in observance of the 2025 Easter celebrations.
Fidelity Bank Plc, Access Holdings Plc, and Guaranty Trust Holding Company Plc topped the charts in terms of trading volume and value, jointly accounting for 797.873 million shares valued at N22.043 billion across 8,618 deals. Their combined performance represented 43.03 per cent of the total turnover volume and 39.34 per cent of the total turnover value.
The Financial Services sector led the market activity, with 1.266 billion shares traded, valued at N29.400 billion in 24,351 transactions. This sector alone contributed 68.28 per cent to the total turnover volume and 52.48 per cent to the total turnover value.
Following closely behind was the Information and Communications Technology (ICT) sector, which saw 136.707 million shares worth N12.472 billion traded across 2,974 deals.
The Consumer Goods sector secured third place, recording a turnover of 118.617 million shares valued at N4.415 billion in 5,869 transactions.
By the close of trading for the week, the NGX All-Share Index had risen by 1.46 per cent, while the Market Capitalisation appreciated by 1.47 per cent, settling at 105,752.61 points and N66.465 trillion, respectively.
Likewise, most of the sectoral indices recorded gains. However, there were exceptions, as the NGX Premium, NGX Oil and Gas, NGX Industrial Goods, NGX Growth, and NGX Sovereign Bond indices experienced declines of 0.43 per cent, 0.07 per cent, 3.44 per cent, 0.41 per cent, and 0.06 per cent, respectively.
In terms of stock performance, sixty-four equities posted price gains during the week, a significant rise from the 31 recorded in the previous week.
Conversely, twenty-seven equities saw a decline in price, compared to 44 decliners the week before, while 57 equities remained unchanged, down from the 72 that held steady in the previous week.
Among the top performers were International Breweries, Nascon Allied Industries Plc, Africa Prudential Plc, Vitafoam Nigeria Plc, and Ikeja Hotel Plc, which advanced by 40.00 per cent, 26.22 per cent, 25.64 per cent, 21.22 per cent, and 21.00 per cent, respectively. The companies recorded price gains of N2.20, N11.00, N3.50, N7.85, and N2.10 each.
On the flip side, the biggest losers of the week included VFD Group Plc, John Holt Plc, Dangote Cement Plc, Tripple Gee and Company Plc, and Haldane McCall Plc. Their share prices fell by N78.90, N1.44, N48.00, 22k, and 52k, respectively.
