NGX ROUNDUP: Equities market recovers as investors gain N2.6tr

Investors gained N2.67 trillion in the just-ended trading week as the equity market recovered from last week’s bearish run.

The market gained in four of the five trading sessions as equity capitalisation increased to N126.4 trillion from N123.7 trillion recorded last week.

The All-Share Index (ASI) appreciated by 2.16% to close the week at 196,968 from the 192,826.78 recorded the previous week.

The Nigerian equities market began the week on Monday, March 2, 2026, on a bullish note as investors gained N1.72trn at the end of the trading session.

The trend continued on Tuesday, March 3, 2026, as investors gained N711 billion, in five hours.

The market closed negatively on Wednesday, March 4, 2026, as investors lost N107 billion.

The market closed positively on Thursday, March 5, 2026, as investors gained N221 billion.

The market ended the week on a bearish note on Friday, March 6, 2026, as investors gained N119 billion.

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Meanwhile, a total turnover of 3.695 billion shares worth ₦177.687 billion in 370,980 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 5.494 billion shares valued at ₦196.709 billion that exchanged hands last week in 370,233 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.444 billion shares valued at ₦72.029 billion traded in 145,628 deals: thus contributing 66.14% and 40.54% to the total equity turnover volume and value respectively.

The Oil and Gas Industry followed with 326.073 million shares worth ₦39.510 billion in 36,458 deals.

In third place was the Services Industry, with a turnover of 218.374 million shares worth ₦2.012 billion in 18,575 deals.

Trading in the top three equities, namely Jaiz Bank Plc, Fortis Global Insurance Plc and Access Holdings Plc (measured by volume), accounted for 661.242 million shares worth ₦8.062 billion in 38,534 deals, contributing 17.90% and 4.54% to the total equity turnover volume and value respectively.

Forty-four (44) equities appreciated in price during the week, higher than thirty-two (32) equities in the previous week. Fifty-eight (58) equities depreciated in price, lower than sixty-nine (69) equities in the previous week, while forty-six (46) equities remained unchanged, lower than forty-seven (47) recorded in the previous week.

Fortis Global Insurance Plc recorded the biggest share price increase in percentage, gaining 58.51% followed by Premier Paints Plc, which increased its share price by 32.73% in the process.

Eterna Plc, also increased its share price by 28.72%.

On the flip side, Mc Nichols Plc recorded the biggest decline in share prices by percentage, shedding 24.44% followed by Mecure Industries Plc, which shed 18.92% of its share prices.

Multiverse Mining And Exploration Plc also knocked off 18.72% of its share price.

By: Babajide Okeowo

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