close
Sunday, May 11, 2025

Transactions on NGX soar by 2.12%

The NGX All-Share Index and market capitalisation appreciated by 2.54 per cent to close the week at 108,733.40 and N68.339 trillion, respectively.

• May 10, 2025
Trading floor
Trading floor

Investors on the Nigerian Stock Exchange (NGX) traded 2.645 billion shares worth N77.005 billion in 86,110 deals during the week.

NGX, in its weekly report on Saturday, said this is in contrast to 2.200 billion shares valued at N75.409 billion that exchanged hands last week in 70,853 deals.

Consequently, the value of transactions traded by investors on the exchange advanced by 2.12 per cent.

The financial services led the activity chart with 1.638 billion shares valued at N45.825 billion traded in 37,843 deals. This contributed 61.90 per cent and 59.51 per cent to the total equity turnover volume and value, respectively.

The services industry followed with 364.653 million shares worth N2.909 billion in 7,760 transactions.

Third place was the consumer goods industry, with a turnover of 190.221 million shares worth N6.771 billion in 10,595 deals.

Trading in the top three equities, namely Guaranty Trust Holding Company Plc, Access Holdings Plc, and Tantalizer Plc accounted for 839.689 million shares worth N27.737 billion in 8,898 deals.

This contributed 31.74 per cent and 36.02 per cent to the total equity turnover volume and value, respectively.

The NGX All-Share Index and market capitalisation appreciated by 2.54 per cent to close the week at 108,733.40 and N68.339 trillion, respectively.

Similarly, all other indices finished higher except the NGX MERI Growth Index, which depreciated by 0.15 per cent, while the NGX ASeM closed flat.

Sixty-eight equities appreciated in price during the week, higher than 52 in the previous week.

Twenty-eight equities depreciated in price, lower than 37 in the previous week, while 52 equities remained unchanged, lower than 59 recorded in the previous week.

Multiverse Mining, Academy Press, Beta Glass, The Initiates and International Energy Insurance were the top five gainers for the week, as they grew by 57.48, 50.52, 46.31, 34.95, and 31.88 per cent, respectively.

The companies gained N3.65, N1.45, N50.85, N1.73 and 44k, respectively.

The top five decliners for the week were Abbey Mortgage Bank, Meyer Plc, Veritas Kapital Assurance, VFD Group and Transcorp as they lost N1.30, N1.25, 12k, N1.90 and N36.40 each.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Abubakar Kyari

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Bukola Saraki FC

Sport

NNL: Bukola Saraki FC’s lone goal sinks Osun United

Encho of ABS expressed his excitement following the hard-fought victory, stating that it was the best game of his career.

PDP

Heading 2

Jigawa PDP gets new executive members

Mr Ahmed also declared Umar Danjani as vice chairman, while Mohammed Bahutu was returned as secretary of the party.

Seven Doors emblem

Hot news Home top

Seven Doors shines like thousand diamonds at 2025 AMVCA

Mercy Aigbe also carted home the Best Supporting Actress award for her compelling performance in “Farmer’s Bride.”

Lagos APC primary poll

Hot news Home top

Chairmanship candidates emerge for 55 LGs/LCDAs in Lagos APC primary poll

Twenty-seven delegates voted to elect a candidate for each of the councils where voting was conducted

Pakistani Prime Minister Shehbaz Sharif

Heading 5

Prime minister hails Pakistan’s military forces for ‘victory’ over India

Mr Sharif also thanked the U.S. and other friendly countries for their role in securing the ceasefire.

India/Pakistan conflict

Heading 4

India alleges ceasefire violations after agreement with Pakistan

Explosions were heard at Jammu and Kashmir capital Srinagar and blackouts were enforced in several border areas amid suspected drone intrusions