NGX: Equities market extends recovery as investors gain N924bn

Investors gained N924 billion in the just-ended trading week as the equity market continued to consolidate on last week’s bullish run.

The market gained in three of the five trading sessions as equity capitalisation increased to N127.3 trillion from N126.4 trillion recorded last week.

The All-Share Index (ASI) appreciated 0.73% to close the week at 198,407.30 points from the 196,968.15 points recorded the previous week.

The Nigerian equities market began the week on Monday, March 9, 2026, on a bullish note as investors gained N146.87bn at the end of the trading session.

The bears returned to the market on Tuesday, March 10, 2026, as investors lost N725.94bn, in five hours.

The market also closed negatively on Wednesday, March 11, 2026, as investors lost N107.58bn.

The market closed positively on Thursday, March 12, 2026, as investors gained N648.46bn.

The market ended the week on a bullish note on Friday, March 13, 2026, as investors gained N962bn.

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Meanwhile, a total turnover of 3.321 billion shares worth ₦164.845 billion in 318,907 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.695 billion shares valued at ₦177.687 billion that exchanged hands last week in 370,980 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.179 billion shares valued at ₦59.809 billion traded in 124,992 deals: thus contributing 65.61% and 36.28% to the total equity turnover volume and value respectively.

The Oil and Gas Industry followed with 207.690 million shares worth ₦27.606 billion in 32,820 deals.

In third place was the Consumer Goods Industry, with a turnover of 189.633 million shares worth ₦11.852 billion in 34,288 deals.

Trading in the top three equities, namely Access Holdings Plc, Fortis Global Insurance Plc, and First Holdco Plc (measured by volume), accounted for 677.312 million shares worth ₦14.561 billion in 17,346 deals, contributing 20.39% and 8.83% to the total equity turnover volume and value respectively.

Thirty-four (34) equities appreciated in price during the week, lower than forty-four (44) equities in the previous week. Sixty-one (61) equities depreciated in price, higher than fifty-eight (58) equities in the previous week, while fifty-three (53) equities remained unchanged, higher than forty-six (46) recorded in the previous week.

Premier Paints Plc recorded the biggest share price increase in percentage, gaining 32.88% followed by Conoil Plc, which increased its share price by 20.95% in the process.

Bua Cement Plc, also increased its share price by 20.00%.

On the flip side, Scoa Nig. Plc recorded the biggest decline in share prices by percentage, shedding 34.06% followed by Fortis Global Insurance Plc, which shed 20.81% of its share prices.

Sovereign Trust Insurance Plc also knocked off 20.68% of its share price.

By: Babajide Okeowo

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