The Nigerian stock market operated for only four trading days this week, as the Federal Government declared Thursday, 1st May 2025, a public holiday in observance of Workers’ Day.
Despite the shortened week, the NGX All-Share Index rose by 0.27% to close at 106,042.57 points, while the market capitalisation increased by 0.28%, ending the week at ₦66.648 trillion.
Most sectoral indices closed in positive territory, except for the NGX Banking, Insurance, AFR Bank Value, MERI Value, Oil & Gas, Lotus II, Sovereign Bond, and Commodity indices, which declined by 0.38%, 2.89%, 0.04%, 2.08%, 2.90%, 0.01%, 0.19%, and 1.12%, respectively.
Market activity also improved, with a total turnover of 2.2 billion shares worth ₦75.409 billion traded in 70,329 deals—up from 1.854 billion shares valued at ₦56.025 billion exchanged in 51,386 deals the previous week.
The Financial Services sector led the activity chart, with 1.432 billion shares worth ₦30.908 billion traded in 33,095 deals, accounting for 65.09% and 40.99% of total volume and value, respectively.
Also Read: Nigerian Equities Market Opens Week on Positive Note, Gains 0.35%
The ICT sector followed, recording 230.25 million shares valued at ₦27.45 billion across 4,811 deals. The Consumer Goods sector ranked third with 166.35 million shares worth ₦4.71 billion in 8,284 deals.
Top traded equities by volume were Fidelity Bank Plc, Access Holdings Plc, and United Bank for Africa Plc, which collectively accounted for 704.64 million shares valued at ₦16.76 billion in 10,466 deals—representing 32.03% of total volume and 22.22% of total value.
A total of 52 equities recorded price gains, down from 64 in the previous week. Meanwhile, 37 equities declined, compared to 27 previously. The number of unchanged equities rose slightly to 59 from 57.
Exchange-Traded Products (ETPs)
A total of 1.039 million ETP units valued at ₦43.61 million were traded in 83 deals, compared with 442,959 units worth ₦22.57 million in 59 deals the previous week.
Bonds
Bond transactions fell significantly, with 6,327 units valued at ₦5.69 million traded in 15 deals down from 68,561 units valued at ₦69.17 million exchanged in 17 deals the week before.
