Nigerian Stock Market – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Mon, 22 Sep 2025 10:38:46 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Nigerian Stock Market – Tech | Business | Economy https://techeconomy.ng 32 32 Stock Market Sheds N14.5bn as Turnover Falls to N85.2bn https://techeconomy.ng/stock-market-sheds-n14-5bn-as-turnover-falls-to-n85-2bn/ https://techeconomy.ng/stock-market-sheds-n14-5bn-as-turnover-falls-to-n85-2bn/#respond Mon, 22 Sep 2025 10:34:52 +0000 https://techeconomy.ng/?p=167753 The Nigerian stock market shed N14.5 billion last week as the total value of shares traded fell to N85.2 billion, down from N99.7 billion in the previous week.

Figures from the Nigerian Exchange show that investors traded 2.7 billion shares worth N85.2 billion in 127,284 deals, compared with 3.2 billion shares valued at N99.7 billion in 132,711 deals a week earlier.

The Financial Services sector led activity by volume with 1.9 billion shares worth N37.8 billion across 56,026 deals.

This represented 69.8% of total equity turnover volume and 44.4% of value. The ICT sector followed with 184.87 million shares valued at N6.19 billion in 12,893 deals, while the Services sector ranked third with 176.51 million shares worth N813.25 million in 6,011 deals.

Abbey Mortgage Bank, Fidelity Bank, and United Bank for Africa were the top three traded equities, accounting for 875.82 million shares worth N16.42 billion in 11,389 deals. Together, they represented 32.02 percent of total volume and 19.27% of value.

Despite the lower turnover, the NGX All-Share Index and Market Capitalisation appreciated by 1.12%, closing the week at 140,545.69 points and N88.9 trillion, respectively.

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Nigerian Stock Market Records N99.7bn Trades on 3.2bn Shares https://techeconomy.ng/nigerian-stock-market-records-n99-7bn-trades-on-3-2bn-shares/ https://techeconomy.ng/nigerian-stock-market-records-n99-7bn-trades-on-3-2bn-shares/#respond Mon, 15 Sep 2025 09:55:32 +0000 https://techeconomy.ng/?p=167098 The Nigerian stock market posted higher transaction activity last week, with investors trading 3.2 billion shares valued at N99.7 billion.

Data from the Nigerian Exchange (NGX) showed an increase compared to the previous week, when 3.117 billion shares worth N90.295 billion were exchanged in 118,018 deals.

The Financial Services Industry dominated trading, accounting for 2.282 billion shares valued at N38.812 billion in 57,934 deals. This represented 71.59% of total equity turnover volume and 38.94% of total equity turnover value. The Consumer Goods Industry followed with 198.393 million shares worth N12.836 billion in 17,508 deals.

The most active stocks by volume were FCMB Group Plc, Access Holdings Plc, and Universal Insurance Plc. Together, they accounted for 1.249 billion shares worth N14.277 billion in 10,359 deals, contributing 39.17% of total equity turnover volume and 14.32% of total value.

Market performance also improved, with the NGX All-Share Index rising by 1.12% to close at 140,545.69 points, while market capitalisation stood at N88.92 trillion.

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Stock Market Slips as Trade Value Falls to N99.9 Billion https://techeconomy.ng/stock-market-slips-as-trade-value-falls-to-n99-9-billion/ https://techeconomy.ng/stock-market-slips-as-trade-value-falls-to-n99-9-billion/#comments Mon, 18 Aug 2025 14:46:14 +0000 https://techeconomy.ng/?p=165384 The Nigerian stock market ended last week on a weaker note as turnover dropped, reversing earlier gains.

Investors exchanged 8.564 billion shares worth N99.936 billion in 177,870 deals, compared with 8.736 billion shares valued at N134.577 billion in 180,290 deals the previous week.

For the week ended August 15, 2025, the Financial Services Industry led activity with 6.916 billion shares worth N56.716 billion traded in 84,589 deals. This represented 80.75% of total equity turnover volume and 56.75% of value.

The Oil & Gas Industry followed with 387.647 million shares worth N8.502 billion in 11,249 deals, while the Agriculture Industry ranked third with 315.540 million shares valued at N6.019 billion in 11,747 deals.

Key performance indicators weakened as the NGX All-Share Index (ASI) and Market Capitalisation fell 0.51% each.

The index shed 746.59 basis points to close at 144,620.44, while Market Capitalisation declined by N472.36 billion to settle at N91.50 trillion.

The stock market decline was driven by profit-taking in medium- and large-cap stocks, including NEM, CONAHLLPLC, ELLAHLAKES, MTNN, and 35 others. The Insurance sector led the losses among major indices.

On a weekly basis, the market dropped 0.78%, wiping out N718 billion in investors’ wealth. Trading activity also weakened as total volume and value of trades fell by 43.93% and 36.80%, respectively.

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