NGX ROUNDUP: Equities market rocked by bearish sentiment as investors lose N367bn

Investors lost N367 billion as the equity market suffered its first bearish trading week in weeks.

The market gained in three of the five trading sessions.

Market value decreased to N160.044 trillion from N160.007 trillion recorded last week, while the All-Share Index (ASI) depreciated by 0.25% to close the week at 249,712.37, down from the 250,330.92 points recorded the previous week.

The Nigerian equities market began the week on Monday, May 18, 2026, on a bearish note, with investors losing N81 billion by the end of the trading session.

The trend was reversed on Tuesday, May 19, 2026, as investors gained N917 billion in five hours.

The bears trend to the market on Wednesday, May 20, 2026, as investors lost N1.6 trillion at the close of trading.

The market closed positively on Thursday, May 21, 2026, as investors gained N72 billion.

The market also closed positively on Friday, May 22, 2026, as investors lost N344 billion.

Meanwhile, a total turnover of 3.875 billion shares worth ₦161.757 billion in 334,745 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 7.772 billion shares valued at ₦374.040 billion that exchanged hands last week in 402,945 deals.

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The Financial Services Industry (measured by volume) led the activity chart with 2.410 billion shares valued at ₦69.712 billion traded in 126,919 deals: thus contributing 62.19% and 43.10% to the total equity turnover volume and value respectively.

The Services Industry followed with 409.306 million shares worth ₦5.409 billion in 25,908 deals.

In third place was the Oil & Gas Industry, with a turnover of 294.859 million shares worth ₦31.496 billion in 26,738 deals.

Trading in the top three equities, namely Sterling Financial Holdings Company Plc, Fidelity Bank Plc and Access Holdings Plc (measured by volume), accounted for 1.092 billion shares worth ₦19.527 billion in 21,683 deals, contributing 28.18% and 12.07% to the total equity turnover volume and value respectively.

Thirty-eight (38) equities appreciated in price during the week, lower than seventy-four (74) equities in the previous week. Fifty-five (55) equities depreciated in price, higher than twenty-four (24) equities in the previous week, while fitty-three (53) equities remained unchanged, higher than forty-eight (48) recorded in the previous week.

Associated Bus Company Plc recorded the largest percentage share price increase, gaining 44.82%, followed by Academy Press Plc, which increased its share price by 29.79% in the process.

University Press Plc also increased its share price by 28.00%

On the flip side, Sovereign Trust Insurance Plc recorded the largest percentage share price decline, losing 22.45%, followed by Trans-Nationwide Express Plc, which decreased its share price by 18.98% in the process.

Cap Plc also shed its share price by 14.85%.

By: Babajide Okeowo

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