The Nigerian stock market ended the week on a guarded note as the NGX All-Share Index closed Friday at 105,955.13 points, slipping 0.25% from its previous 106,220.62 points.
This was a 0.55% decline on a weekly basis despite a surge in trading activity. Trade volume skyrocketed by 119.65%, climbing to 750.58 million shares from 341.71 million traded on Thursday.
However, this growth in activity wasn’t enough to lift the market, as total market capitalisation shrank 0.25% to ₦66.335 trillion, down from ₦66.52 trillion.
Meanwhile, the total value of trades took a hit, plunging 33.61% to ₦11 billion from ₦16.6 billion, while the number of deals dipped 5.78% to 10,584 from the previous 11,233.
ROYALEX topped the gainers’ chart with a 10.00% surge, closely followed by LINKASSURE, up 9.57%. On the flip side, TANTALIZER led the losers, plunging 9.85%, while JAIZBANK tumbled 9.72%.
Trade Volume & Value Leaders
- CHAMPION BREW topped trade volume, exchanging 350.3 million shares, a 46.68% increase.
- ARADEL HOLDINGS led in value, with transactions worth ₦1.8 billion, impacted by investor interest following its completion of Shell Nigeria’s acquisition.
Top 5 Stocks by Volume:
- CHAMPION reached 350.3 million shares, increased by 46.68%.
- TANTALIZER reached 53 million shares, increased by 7.07%.
- CUSTODIAN surged 6.81%, 51.1 million shares exchanged.
- LASACO improved 4.86% to 36.5 million shares exchanged.
- ACCESSCORP reached 30.7 million shares, increasing by 4.09%
Top 5 Stocks by Value:
- ARADEL – ₦1.8 billion (+16.50%)
- CHAMPION – ₦1.4 billion (+12.68%)
- MTNN – ₦1.2 billion (+11.44%)
- GTCO – ₦1.0 billion (+9.31%)
- CUSTODIAN – ₦1.0 billion (+9.07%)
Even with a stronger performance compared to last week—38 equities gained, up from 30, while 46 declined, down from 58—uncertainty still looms.
The market’s heavy trade volume shows investors are active, but declining capitalisation and deal counts indicate some are cashing out.
With corporate earnings season approaching, all eyes are on how upcoming financial reports will impact the space.
