The Nigerian equities market sustained its bullish momentum, raking in N377 billion profit in the just concluded trading week.
The market gained in two trading sessions and recorded losses in three.
The market capitalisation increased to N76.339 trillion from the N75.962 trillion recorded the previous week.
Similarly, the All-Share Index (ASI) appreciated by 0.83% to close the week at 120,989.66 points from the 118,138.22 points recorded the previous week.
The Nigerian equities market began the week on Monday, June 30, 2025, on a bearish note as investors lost N10.88bn at the end of the trading session.
The trend continued on Tuesday, July 1, 2025, as investors lost another N150.25bn at the end of the trading session.
The trend was halted on Wednesday, July 2, 2025, as investors gained N378.98bn at the end of the trading session.
The market closed on a positive note as well on Thursday, July 3, 2025, as investors gained N403.43bn.
The equities market closed the week on Friday, July 4, 2025, with N244.03bn loss for investors.
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Meanwhile, a total turnover of 5.466 billion shares worth N108.099 billion in 118,570 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.903 billion shares valued at N102.221 billion that exchanged hands last week in 114,484 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.739 billion shares valued at N34.538 billion traded in 42,646 deals; thus contributing 50.12% and 31.95% to the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 852.042 million shares worth N39.838 billion in 10,555 deals.
In third place was the Services Industry, with a turnover of 400.194 million shares worth N2.517 billion in 9,214 deals.
Trading in the top three equities, namely Royal Exchange Plc, Access Holdings Plc and Japaul Gold & Ventures Plc (measured by volume), accounted for 1.688 billion shares worth N12.816 billion in 8,036 deals, contributing 30.88% and 11.86% to the total equity turnover volume and value respectively.
Seventy-eight (78) equities appreciated in price during the week, same as seventy-eight (78) equities in the previous week. Twenty (20) equities depreciated in price, lower than twenty-seven (27) in the previous week, while forty-nine (49) equities remained unchanged, higher than forty-three (43) recorded in the previous week.
Meyer Plc recorded the biggest share price increase in percentage, gaining 60.11% followed by R T Briscoe which increased its share price by 50.83% in the process.
FTN Cocoa Processors Plc also increased its share price by 40.24%.
On the flip side, PZ Cussons Nigeria Plc recorded the biggest decline in share prices by percentage, shedding 14.96% followed by Julius Berger Nigeria Plc, which shed 9.97% of its share prices.
SCOA Nig Plc also knocked off 9.83% of its share prices.
By: Babajide Okeowo
The post NGX ROUNDUP: Bourse sustains momentum with N377bn profit appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.
