Nigerian Equity Market Soars, Gains N1.83tn in One Week
By SpringsNewsNG Media Limited, February 24, 2025
The Nigerian equity market recorded a remarkable gain of N1.83tn last week, with the All-Share Index (ASI) and Market Capitalisation appreciating by 2% and 2.78%, respectively, closing at 108,053.95 points and N67.418tn.
A total turnover of 2.414 billion shares worth N55.512bn was traded in 80,988 deals on the floor of the Exchange. This represented a decline compared to the previous week’s 3.051 billion shares valued at N98.350bn, traded in 72,535 deals.
The Financial Services Industry led the activity chart with 1.398 billion shares valued at N24.039bn exchanged in 31,919 deals, contributing 57.92% and 43.30% to the total equity turnover volume and value, respectively. The Services Industry followed with 247.303 million shares worth N1.165bn in 6,277 deals, while the Consumer Goods Industry recorded 153.776 million shares valued at N3.939bn in 8,405 deals.
Trading in the top three equities—Sterling Financial Holdings Company Plc, Access Holdings Plc, and Secure Electronic Technology Plc—accounted for 455.469 million shares worth N5.273bn in 6,654 deals, contributing 18.87% and 9.50% to the total equity turnover volume and value, respectively.
A total of 48,850 units valued at N19.310m were traded in 95 deals, compared to 53,950 units valued at N5.104m transacted in 58 deals the previous week. Additionally, 77,290 units worth N70.809m were exchanged in 47 deals, up from 37,219 units valued at N28.751m in 42 deals recorded the previous week.
In terms of price movement, 65 equities appreciated last week, an improvement from the 58 recorded the previous week. Conversely, 31 equities depreciated, compared to 34 in the prior week, while 54 equities remained unchanged, slightly lower than the 58 recorded the week before.
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