(AFRICAN EXAMINER) Investors on the floor of the Nigerian Exchange (NGX) traded a total of 3.691 billion shares, valued at N112.261 billion, in 138,250 deals this week.

This performance shows a significant drop compared to the previous weeks trading of 17.498 billion shares worth N500.762 billion across 142,082 transactions on the Exchange.

The decline in weekly trading indicates reduced investor activity, with the total value of transactions falling by 77.59 per cent from the preceding weeks record.

Sectoral analysis revealed that the Financial Services Industry maintained dominance on the activity chart, recording 2.127 billion shares worth N47.298 billion in 57,121 deals.

The industry contributed 57.62 per cent of the weeks total equity turnover volume and 42.13 per cent of the overall equity value traded.

Trailing behind was the Agriculture Industry, which posted 273.694 million shares traded, valued at N12.872 billion, across 11,284 deals during the week.

The Oil and Gas Industry secured third place, with 255.144 million shares worth N11.808 billion exchanged in 10,706 transactions on the Exchange.

 Three major equities Access Holdings Plc, United Bank for Africa Plc, and Japaul Gold & Ventures Plc led the trading chart.

These companies accounted for 745.391 million shares worth N19.457 billion in 15,720 deals, contributing significantly to total turnover.

Specifically, they represented 20.19 per cent of the total equity volume traded and 17.33 per cent of the overall equity value.

The Nigerian Exchange All-Share Index appreciated by 2.18 per cent, closing the week at 134,452.93 points. 

In the same vein, the Market Capitalisation increased to N85.055 trillion, reflecting renewed investor confidence and market momentum.

All other indices ended the week in the green, except the NGX ASeM Index, which closed flat with no recorded changes.

Sixty equities saw gains in their share prices this week, compared to 49 gainers recorded during the previous trading week.

Meanwhile, 43 equities recorded price losses, lower than the 54 equities that declined in value the week before.

Forty-four equities remained unchanged in price, the same number as was recorded during the previous weeks trading.

Leading the decliners chart was Secure Electronic Technology, with a loss of 29k, followed by Omatek Ventures, which declined by 39k.

Meyer Plc also dropped by N4.50, while Neimeth International Pharmaceuticals and Associated Bus Company lost N1.55 and N1.06 respectively.

On the gainers chart, The Initiates Plc posted the highest weekly gain, rising by 60.82 per cent to close at N6.10.

Academy Press Plc followed closely with a 33 per cent gain, while Nigerian Enamelware appreciated by 32.68 per cent during the same period.

Wema Bank Plc gained 23.60 per cent, while Presco Plc rose by 22.53 per cent to close with a gain of N285.

In the fixed income space, the NGX announced the listing of Craneburg EKSG Motorway Company Plcs N32.5 billion infrastructure bonds.

The bonds are 20-Year, 22 per cent Senior Guaranteed Fixed Rate Infrastructure Bonds due in the year 2045.

The listing was officially completed on Monday, July 21, marking a key milestone for corporate debt instruments on the Exchange.

In a related development, trading in the shares of MRS Oil Nigeria Plc was suspended by the Exchange on Friday.

According to the NGX, the suspension is to halt trading in preparation for the companys voluntary delisting from the Exchange.

The delisting follows approval previously obtained from the Nigerian Exchange, marking the end of MRS Oils listing tenure. (NAN)


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