The Nigerian equities market sustained its bullish momentum, raking in a N1.42 trillion profit in the just concluded trading week.
The market opened the first three trading days of the week with profit, however, the market recorded losses in the remaining two trading sessions.
The market capitalisation increased to N75.962 trillion from the N74.533 recorded the previous week.
Similarly, the All-Share Index (ASI) appreciated by 1.57% to close the week at 119,995.76 points from the 118,138.22 points recorded the previous week.
The Nigerian equities market began the week on Monday, June 23, 2025, on a bullish note as investors lost N278.50bn at the end of the trading session.
The trend continued on Tuesday, June 24, 2025, as investors lost another N764.12bn at the end of the trading session.
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The trend continued on Wednesday, June 25, 2025, as investors gained N1.18 trillion at the end of the trading session.
The market closed on a negative note as well on Thursday, June 26, 2025, as investors lost N307.03bn.
The equities market closed the week on Friday, June 27, 2025, with N491.84bn loss for investors.
Meanwhile, a total turnover of 3.903 billion shares worth N102.221 billion in 114,484 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.566 billion shares valued at N115,403 billion that exchanged hands last week in 99,960 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.030 billion shares valued at N41.934 billion traded in 42,959 deals; thus contributing 52.02% and 41.02% to the total equity turnover volume and value, respectively.
The Services Industry followed with 396.590 million shares worth N4.596 billion in 8,105 deals.
In third place was the Agriculture Industry, with a turnover of 385.704 million shares worth N14.469 billion in 10,515 deals.
Trading in the top three equities, namely Fidelity Bank Plc, Access Holdings Plc and Zenith Bank Plc (measured by volume) accounted for 864.681 million shares worth N25.955 billion in 15,136 deals, contributing 22.16% and 25.39% to the total equity turnover volume and value, respectively.
Seventy-eight (78) equities appreciated in price during the week, higher than fifty-five (55) equities in the previous week. Twenty-seven (27) equities depreciated in price, lower than forty-two (42) in the previous week, while forty-three (43) equities remained unchanged, lower than fifty-one (51) recorded in the previous week.
Neimeth International Pharmaceuticals Plc recorded the biggest share price increase in percentage, gaining 60.54% followed by Ellah Lakes Plc which increased its share price by 31.33% in the process.
International Breweries Plc also increased its share price by 18.58%.
On the flip side, Multiverse Mining And Exploration Plc recorded the biggest decline in share prices by percentage, shedding 9.33% followed by Associated Bus Company Plc, which shed 9.26% of its share prices.
Oando Plc also knocked off 7.38% of its share prices.
By: Babajide Okeowo
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