Categories: Business

Weekly review: NGX records lower turnover as market capitalisation rises

Investors traded 3.695 billion shares valued at N177.687 billion in 370,980 deals at the Nigerian Exchange Limited (NGX) at the close of trading on Friday, March 6, 2026.

This compares with 5.494 billion shares worth N196.709 billion exchanged in 370,233 deals recorded in the previous week.

The value of transactions on the Exchange declined by 10.7 per cent week-on-week.

The Financial Services Industry dominated the activity chart, with 2.444 billion shares valued at N72.029 billion traded in 145,628 deals.

The sector contributed 66.14 per cent and 40.54 per cent to the total equity turnover volume and value respectively.

The Oil and Gas Industry followed with 326.073 million shares worth N39.510 billion traded in 36,458 deals.

The Services Industry ranked third, recording 218.374 million shares valued at N2.012 billion across 18,575 deals.

Trading in Jaiz Bank Plc, Fortis Global Insurance Plc and Access Holdings Plc accounted for 661.242 million shares worth N8.062 billion in 38,534 deals.

The three equities contributed 17.90 per cent and 4.54 per cent to total equity turnover volume and value respectively.

Meanwhile, the NGX All-Share Index and market capitalisation appreciated by 2.15 per cent and 2.16 per cent to close at 196,968.15 points and N126.437 trillion.

Other indices also closed higher, except NGX Insurance, NGX MERI Value, NGX Consumer Goods, NGX Growth and NGX Sovereign Bond, which declined.

They depreciated by 1.88 per cent, 0.01 per cent, 0.09 per cent, 15.31 per cent and 3.01 per cent, respectively.

44 equities appreciated in price during the week, higher than 32 recorded in the previous week.

Stock market closes week with N119bn gain

58 equities declined in price, compared with 69 recorded in the preceding week, while 46 equities remained unchanged, slightly lower than 47 recorded in the previous week.

The top five losers for the week were Mc Nicholas, Mecure, Multiverse Mining, Jaiz Bank, and Omatek Ventures.

The companies lost N2.07, N14.35, N4.25, N2.33, and 40 kobo, respectively.

Fortis Global Insurance, Premier Paint, Eterna, Nigerian Exchange Group, and UAC of Nigeria emerged as the week’s top gainers.

They gained 55 kobo, N3.60, N9.45, N26.95, and N19.80, respectively.

The Exchange also notified trading licence holders of the listing of 105,003,725 additional ordinary shares of Fidson Healthcare Plc on March 6.

The additional shares arose from Fidson Healthcare Plc’s Employee Share Scheme.

“With this listing, the total issued and fully paid-up shares of Fidson Healthcare Plc increased from 2,294,996,275 to 2,400,000,000 ordinary shares,” the notice stated.

Trading licence holders were notified of the listing of 68,158,000 units of Chapel Hill Denham Management Limited’s Series 5 Nigeria Real Estate Investment Trust.

The units, valued at N100 each and priced at N103 per unit, were listed under the N400 billion issuance programme on March 6.

“With this listing, total outstanding units of the Nigeria Real Estate Investment Trust on NGX increased from 1,588,617,222 to 1,656,775,222 units,” the Exchange added.

The Star

 

Segun Ojo

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