The Nigerian Exchange Limited (NGX) closed the previous trading week on a positive note with the benchmark All-Share Index (ASI) rising by 0.71% to settle at 115,429.54 points despite a shortened three-day trading window due to the public holidays observed for Eid-el-Kabir and Democracy Day.
Market capitalisation advanced by N513 billion to close the week at N72.788 trillion, up from N72.275 trillion in the prior week.
Total turnover for the week stood at 2.057 billion shares valued at N51.015 billion in 65,016 transactions, against a total of 3.214 billion shares worth N76.348 billion that exchanged hands in 64,156 deals in the preceding week.
The financial services industry led the activity chart by volume, with 1.060 billion shares valued at N26.371 billion traded in 27,201 deals. This sector accounted for 51.55% and 51.69% of total market volume and value, respectively.
The services sector followed with 490.276 million shares worth N1.586 billion in 3,865 deals, while the consumer goods sector came in third with 122.795 million shares valued at N5.841 billion in 7,638 trades.
Tantalizer Plc, Access Holdings Plc, and Zenith Bank Plc emerged as the top-traded equities for the week. The trio accounted for 693.553 million shares valued at N9.957 billion in 7,661 deals, representing 33.72% and 19.52% of the week’s total volume and value, respectively.
Meanwhile, the Exchange Traded Products (ETPs) segment recorded a total of 24,880 units valued at N8.881 million traded in 92 deals, compared to 46,729 units valued at N8.391 million traded in 89 deals in the previous week.
Sectoral performance across the board was mixed. While most indices closed in the green, the Insurance Index fell by 0.11%, the AFR Div Yield Index dropped 0.61%, MERI Value declined 0.81%, Oil & Gas slid 1.22% and the NGX Commodity Index lost 1.41%.
The ASeM and NGX Banking indices closed flat, showing muted activity in those segments.
In terms of market breadth, investor sentiment remained broadly positive. Fifty-five equities posted price appreciation, marginally higher than the 53 recorded in the previous week.
Conversely, 39 equities recorded losses, compared to 43 in the prior week, while 54 stocks remained unchanged.
Notore Chemical Industries Plc was suspended from trading on Wednesday, June 11, 2025, following the approval of its delisting from the Exchange. The Nigerian Exchange Limited stated that the suspension was necessary to prevent further trades ahead of the formal exit.
On the corporate action front, dividend declarations helped sustain buying pressure. Industrial & Medical Gases Nigeria Plc declared a dividend of N0.80 per share and a bonus of one new share for every 10 held with an ex-dividend price of N32.91.
Dangote Cement Plc announced a dividend of N30.00 per share with an ex-dividend price of N420.00, while Japaul Gold and Ventures Plc declared a dividend of N0.04 per share with an ex-dividend price of N1.96.
With continued momentum in the banking and industrial segments and a stable macroeconomic environment, analysts expect the market to extend its positive trend in the upcoming week, barring any significant negative catalysts.
