NGX Sees Record Activity; Non-Interest Finance Board Launched
The Nigerian Exchange (NGX) witnessed significant activity last week, with the Financial Services Industry leading the chart. A total of 8.736 billion shares, valued at N134.577 billion, were traded in 180,290 transactions. Notably, the NGX Non-Interest Finance Board was launched, and the July 2025 FGN Savings Bonds were listed.
The week saw a mixed performance in equities. While 66 appreciated in price, 41 depreciated, indicating a shift from the previous week's figures of 54 appreciations and 49 depreciations. The total value of transactions fell by 11.3 per cent week-on-week, from N149.755 billion to N134.577 billion.
The NGX All-Share Index and Market Capitalisation closed the week at 145,754.91 and N92.215 trillion respectively, appreciating by 3.18 per cent. Trading in the top three equities accounted for a significant portion of the activity, with 3.195 billion shares worth N6.594 billion in 3,964 transactions. The Services Industry ranked third with 191.921 million shares worth N2.484 billion in 10,595 deals, followed by the Agriculture Industry with 201.906 million shares worth N7.863 billion in 11,450 transactions.
The Nigerian Exchange experienced a week of growth and change, with the launch of the NGX Non-Interest Finance Board and the listing of the July 2025 FGN Savings Bonds. Despite a decrease in the total value of transactions, the market indices appreciated, reflecting a positive outlook. The performance of equities was mixed, with more appreciations than depreciations. The top three equities and the Services and Agriculture Industries contributed significantly to the week's trading activity.
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