The Nigerian Exchange Limited (NGX) reported that investors traded a total of 3.74 billion shares valued at N99.86 billion across 237,179 deals between January 19 and January 23. This marks a 23.6% decline in turnover compared to the previous week, when 4.6 billion shares worth N130.63 billion were exchanged in 263,439 deals.
Market capitalisation also fell by 0.37%, from N106.35 trillion to N105.95 trillion, while the all-share index (ASI) declined by 0.39% to 165,512.18 from 166,129.5.
Top-performing sectors
The financial services sector led trading by volume, with 1.74 billion shares worth N44.89 billion exchanged in 90,589 deals, representing 46.49% of total volume and 44.95% of total value. The services sector followed with 707.61 million shares valued at N4.37 billion, while the ICT sector traded 303.21 million shares worth N5.93 billion.
Top traded stocks
Secure Electronic Technology Plc, Tantalizers Plc, and Access Holdings Plc were the most traded by volume, accounting for 734.08 million shares worth N5.72 billion across 15,726 deals. Together, they represented 19.59% of total turnover volume and 5.73% of total value.
Top gainers
Deap Capital Management and Trust Plc topped the gainers’ list, rising to N7.14 per share from N4.46. SCOA Nig Plc increased to N23.8 from N14.9 per share, while NCR Nigeria Plc rose to N188.15 from N128.55. Other gainers included Zichis Agro Allied Industries Plc (N2.62 from N1.81) and DAAR Communications Plc (N1.53 from N1.08).
Top decliners
Eterna Plc recorded the largest decline, falling to N32.3 per share from N36.15. Secure Electronic Technology Plc dropped to N0.97 from N1.08, Industrial and Medical Gases Nigeria Plc fell to N34.85 from N38.7, Aluminium Extrusion Ind. Plc declined to N17.2 from N19.1, and UDPC Plc closed at N5.7 per share from N6.2.
The report underscores a slowdown in trading activity on the NGX, reflecting broader market caution in the week under review.
