Nigerian Exchange ,NGX, closed the week on a positive note, as key market indicators posted gains amid reduced trading activity due to public holidays declared in observance of the 2025 Eid-el-Kabir celebrations.
Investors traded a total of 3.214 billion shares worth ₦76.35bn across 64,156 deals during the four-day trading week.
This represents a decline in both volume and value compared to the previous week, which recorded 3.794 billion shares valued at ₦119.39bn in 89,636 deals.
The shortened trading week followed the federal government’s declaration of Friday, June 6, and Monday, June 9, 2025, as public holidays.
Despite the dip in trading activity, the overall market performance was bullish. The NGX All-Share Index rose by 2.57% to close at 114,616.75 points, while market capitalisation increased to ₦72.28tn.
Most market indices ended the week in positive territory, with the exception of the NGX ASeM Index, which remained unchanged.
Sectoral performance revealed strong activity in the Financial Services sector, which dominated the trading charts. The sector accounted for 2.313 billion shares valued at ₦52.24bn, representing 71.96% of the total traded volume and 68.43% of the total value.
The Information and Communication Technology ,ICT, industry followed with 301.996 million shares worth ₦5.03bn. The consumer goods sector ranked third, with 144.54 million shares traded at a value of ₦5.63bn.
Fidelity Bank Plc, Legend Internet Plc, and Guaranty Trust Holding Company Plc emerged as the top-traded equities by volume. The trio collectively accounted for 1.545 billion shares worth ₦34.45bn across 4,939 transactions, contributing 48.06% to the total equity turnover volume and 45.12% to the value.
Investor sentiment was slightly less positive compared to the previous week. A total of 53 equities appreciated in price, a marginal drop from 56 gainers recorded the week before.
The number of decliners also dipped slightly to 43, down from 44 in the previous session. Meanwhile, 52 equities closed flat, an increase from 48 in the preceding week.
As the market continues to navigate a mix of macroeconomic influences and investor sentiment, analysts will be watching closely to see whether the bullish momentum can be sustained in the upcoming trading sessions.
