Investors on the NGX Equities market were bullish on the shares of Fidelity Bank, Zenith Bank and Universal Insurance in the week ended April 04, 2025.
Trading in the top three equities namely Fidelity Bank, Zenith Bank and Universal Insurance, measured by volume, accounted for 264.627 million shares worth N5.932 billion in 5,714 deals, contributing 22.36 per cent and 20.55 per cent to the total equity turnover volume and value respectively.
The market opened for three trading days this week as the Federal Government of Nigeria declared Monday 31st March and Tuesday 1st April 2025 as Public Holidays to commemorate the 2025 Eid el Fitr celebration.
Meanwhile, a total turnover of 1.183 billion shares worth N28.868 billion in 42,397 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 7.521 billion shares valued at N398.949 billion that exchanged hands last week in 61,312 deals.
The Financial Services measured by volume led the activity chart with 906.590 million shares valued at N18.926 billion traded in 22,876 deals; thus contributing 76.60% and 65.56% to the total equity turnover volume and value respectively.
The Consumer Goods industry followed with 71.059 million shares worth N 2.224 billion in 3,394 deals. Third place was the Service Industry, with a turnover of 47.305 million shares worth N396.897 million in 2,132 deals.
A total of 13,089 units of Exchange Traded Products (ETPs) valued at N1.498 million were traded in the week in 46 deals compared with a total of 35,245 units valued at N5.872 million transacted in the prior week in 64 deals.
Also, a total of 24,720 units of bonds valued at N25.967 million were traded in 17 deals compared with a total of 51,072 units valued at N47.530 million transacted last in the preceding week in 43 deals.
The NGX All-Share Index (ASI) and Market Capitalization depreciated by 0.14% and 0.17% to close the week at 105,511.89 and N66.147 trillion respectively.
Similarly, all other indices finished lower with the exception of NGX CG, NGX Banking, NGX Pension, NGX AseM, NGX AFR Bank Value, NGX MERI Value, NGX Sovereign Bond and NGX Pension Broad Indices, which appreciated by 0.13 per cent, 0.22 per cent, 0.22 per cent, 0.06 per cent, 1.02 per cent, 0.32 per cent, 0.12 per cent and 0.02 per cent respectively while the NGX Commodity index closed flat.
Market breadth showed that 23 equities appreciated in price during the week, lower than 43 equities in the previous week, also 51 equities depreciated in price, higher than 36 in the previous week, while 73 equities remained unchanged, higher than 71 recorded in the previous week.
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