Investors’ Mop UBA, Fidelity, Access Shares to jointly Poll 51.19% market volume w/w

Equity investors were bullish on the shares of United Bank for Africa (UBA) , Fidelity bank and Access Holdings in the week ended May 30, 2025.

The demand it was gathered was fired by prospects of earnings which the banks hold in terms of equity price growth and expected half year sound financial performance.

Trading in the top three equities, United Bank for Africa (UBA), Fidelity Bank and Access Holdings, measured by volume accounted for 1.942 billion shares worth N61.542 billion in 12,443 deals, contributing 51.19 per cent and 51.54 per cent to the total equity turnover volume and value respectively.

Meanwhile, a total turnover of 3.794 billion shares worth N119.394 billion in 89,636 deals was traded in the week by investors on the floor of the Exchange, in contrast to a total of 3.932 billion shares valued at N74.813 billion that exchanged hands in the prior week in 105,220 deals.

The Financial Services measured by volume led the activity chart with 2.744 billion shares valued at N79.805 billion traded in 36,458 deals; thus contributing 72.34 per cent and 66.84 per cent to the total equity turnover volume and value respectively.

The Consumer Goods industry followed with 201.889 million shares worth N7.623 billion in 11,922 deals. Third place was the Service Industry, with a turnover of 173.748 million shares worth N1.719 billion in 6,385 deals.

A total of 69,078 units of Exchange Traded Products (ETPs) valued at N9.091 million were traded in the week in 126 deals com- pared with a total of 109,953 units valued at N52.587 million transacted in the prior week in 164 deals.

Also, a total of 76,337 units of Bonds valued at N75.443 million were traded in 39 deals compared with a total of 21,285 units valued at N21.418 million transacted the preceding week in 34 deals.

The NGX All-Share Index (ASI) and Market Capitalization appreciated by 2.49 per cent to close the week at 111,742.01 and N70.463 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX CG, NGX AFR Bank Value, NGX MERI Value, NGX Oil and Gas, and NGX Growth Indices which depreciated by 0.01%, 0.01%, 0.64%, 2.05% and 0.38% respectively, while the NGX ASeM Index closed flat