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The Nigerian equities market sustained its bullish momentum, raking in a massive N3.4 trillion profits in four days.
The market gained in all four trading sessions of the week as the Federal Government declared Tuesday, July 15, 2025, as a public holiday in honour of the late former president of the Federal Republic of Nigeria, Muhammadu Buhari.
The market capitalisation increased to N83.241 trillion from the N79.803 trillion recorded the previous week.
Similarly, the All-Share Index (ASI) appreciated by 4.31% to close the week at 131,585.66 points from the 126,149.59 points recorded the previous week.
The Nigerian equities market began the week on Monday, July 14, 2025, on a bullish note as investors gained N340.58bn at the end of the trading session.
The market was closed on Tuesday, July 15, 2025, following the declaration of the public holiday by the Federal Government.
The positive trend resumed on Wednesday, July 16, 2025, as investors gained N1.44 trillion at the end of the trading session.
The market closed on a positive note as well on Thursday, July 17, 2025, as investors gained N832.99bn.
The equities market closed the week on Friday, July 18, 2025, with N823.50bn profit for investors.
Meanwhile, a total turnover of 17.498 billion shares worth N500.762 billion in 142,082 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 5.390 billion shares valued at N107.811 billion that exchanged hands last week in 134,390 deals.
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The Financial Services Industry (measured by volume) led the activity chart with 15.771 billion shares valued at N437.763 billion traded in 66,725 deals; thus contributing 90.13% and 87.42% to the total equity turnover volume and value respectively.
The ICT Industry followed with 325.134 million shares worth N3.492 billion in 9,028 deals.
In third place was the Consumer Goods Industry, with a turnover of 313.424 million shares worth N20.162 billion in 14,917 deals.
Trading in the top three equities, namely First Holdco Plc, FCMB Group Plc and Fidelity Bank Plc (measured by volume), accounted for 13.229 billion shares worth N367.498 billion in 10,083 deals, contributing 75.60% and 73.39% to the total equity turnover volume and value, respectively.
Forty-nine (49) equities appreciated in price during the week, lower than ninety (90) equities in the previous week. Fifty-four (54) equities depreciated in price, higher than sixteen (16) in the previous week, while forty-four (44) equities remained unchanged, higher than forty-one (41) recorded in the previous week.
Eunisell Interlinked Plc recorded the biggest share price increase in percentage, gaining 32.59% followed by Bua Cement Plc which increased its share price by 31.28% in the process.
Associated Bus Company Plc also increased its share price by 28.41%.
On the flip side, Academy Press Plc recorded the biggest decline in share prices by percentage, shedding 24.32% followed by R T Briscoe Plc, which shed 22.73% of its share prices.
Cutix Plc also knocked off 19.57% of its share price.
The post NGX ROUNDUP: Equities market’s positive momentum persists as investors gain N3.4tr appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.
