NGX ROUNDUP: Bullish sentiments persist as investors rake in N1.1tr

Investors gained N1.1 trillion as the equity market continued to boom.

The market gained in three of the five trading sessions.

Market value increased to N157 trillion from N155.9 trillion recorded last week, while the All-Share Index (ASI) appreciated by 0.71% to close the week at 244,775.83 points, up from the 242,277.81 points recorded the previous week.

The Nigerian equities market began the week on Monday, May 4, 2026, on a bullish note, with investors gaining N64 billion by the end of the trading session.

The trend was reversed on Tuesday, May 5, 2026, as investors lost N906 billion in five hours.

The bullish trend returned on Wednesday, May 6, 2026, as investors gained N628 billion at the close of trading.

The market closed negatively on Thursday, May 7, 2026, as investors lost N1.92 trillion.

The market closed positively on Friday, May 8, 2026, as investors lost N3.1 trillion.

Meanwhile, a total turnover of 7.075 billion shares worth ₦324.351 billion in 474,436 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 4.842 billion shares valued at ₦287.756 billion that exchanged hands last week in 332,453 deals.

The Financial Services Industry (measured by volume) led the activity chart with 4.260 billion shares valued at ₦131.483 billion traded in 179,609 deals: thus contributing 60.22% and 40.54% to the total equity turnover volume and value respectively.

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The ICT Industry followed with 769.239 million shares worth ₦45.315 billion in 61,820 deals.

In third place was the Investment Industry, with a turnover of 544.809 million shares worth ₦5.776 billion in 2,243 deals.

Trading in the top three equities, namely Access Holdings Plc, VFD Group Plc and CWG Plc (measured by volume), accounted for 1.589 billion shares worth ₦30.098 billion in 24,954 deals, contributing 22.46% and 9.28% to the total equity turnover volume and value respectively.

Sixty-nine (69) equities appreciated in price during the week, higher than fifty-two (52) equities in the previous week. Thirty-six equities depreciated in price, lower than fifty-three (53) equities in the previous week, while forty-one (41) equities remained unchanged, same as than forty-one (41) recorded in the previous week.

Cap Plc recorded the largest percentage share price increase, gaining 60.95%, followed by Zichis Agro Allied Industries Plc, which increased its share price by 53.17% in the process.

FTN Cocoa Processors Plc also increased its share price by 50.91%

On the flip side, NAHCO recorded the largest percentage share price decline, losing 20.95%, followed by Guinness Nig Plc, which decreased its share price by 18.99% in the process.

Access Holdings Plc also shed its share price by 12.59%.

By: Babajide Okeowo

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