NGX ROUNDUP: Bullish sentiments persist as investors rake in N3.3tr

Investors gained N3.32 trillion as the equity market continued to boom.

The market gained in three of the five trading sessions.

Market value increased to N160 trillion from N157 trillion recorded last week, while the All-Share Index (ASI) appreciated by 2.27% to close the week at 250,330.92, up from the 244,775.83 points recorded the previous week.

The Nigerian equities market began the week on Monday, May 11, 2026, on a bullish note, with investors gaining N3.2 trillion by the end of the trading session.

The trend continued on Tuesday, May 12, 2026, as investors gained N1.2 trillion in five hours.

The bullish trend persisted on Wednesday, May 13, 2026, as investors gained N440 billion at the close of trading.

The market closed negatively on Thursday, May 14, 2026, as investors lost N383 billion.

The market also closed negatively on Friday, May 15, 2026, as investors lost N1.2 trillion.

Meanwhile, a total turnover of 7.772 billion shares worth ₦374.040 billion in 402,945 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 7.075 billion shares valued at ₦324.351 billion that exchanged hands last week in 474,436 deals.

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The Financial Services Industry (measured by volume) led the activity chart with 4.774 billion shares valued at ₦196.352 billion traded in 153,515 deals: thus contributing 61.43% and 52.49% to the total equity turnover volume and value respectively.

The ICT Industry followed with 1.118 billion shares worth ₦57.825 billion in 44,622 deals.

In third place was the Services Industry, with a turnover of 601.745 million shares worth ₦6.984 billion in 27,653 deals.

Trading in the top three equities, namely FirstHoldCo Plc, United Bank for Africa Plc and Chams Holding Company Plc (measured by volume), accounted for 2.195 billion shares worth ₦99.820 billion in 30,056 deals, contributing 28.24% and 26.69% to the total equity turnover volume and value respectively.

Seventy-four (74) equities appreciated in price during the week, higher than sixty-nine (69) equities in the previous week. Twenty-four (24) equities depreciated in price, lower than thirty-six (36) equities in the previous week, while forty-eight (48) equities remained unchanged, higher than forty-one (41) recorded in the previous week.

Berger Paint Plc recorded the largest percentage share price increase, gaining 55.57%, followed by SCOA Plc, which increased its share price by 45.92% in the process.

Daar Comm Plc also increased its share price by 42.41%

On the flip side, Zichis recorded the largest percentage share price decline, losing 11.78%, followed by TIP Plc, which decreased its share price by 10.03% in the process.

NPF Microfinance Bank Plc also shed its share price by 10%.

By: Babajide Okeowo

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