Stock market investors traded 1.18 billion shares valued at N28.87 billion in 42,397 deals between April 2 and April 4.
The stocks market weekly report of the Nigerian Exchange Limited (NGX) showed that the figures are lower compared to the previous week when investors traded 7.5 billion shares valued at N398.95 billion in 61,312 deals.
The report reveals a 92.7 percent trade decline within a three-day period, following the federal government’s declaration of March 31 and April 1 as public holidays for the 2025 Eid el Fitr celebration.
FINANCIAL SERVICES TOP PERFORMANCE
The report showed that the financial services industry topped the table by volume of shares traded, as investors exchanged 906.59 million shares valued at N18.926 billion in 22,876 deals.
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“Thus contributing 76.60% and 65.56% to the total equity turnover volume and value respectively,” the NGX report said.
“The Consumer Goods industry followed with 71.059 million shares worth N2.224 billion in 3,394 deals. Third place was the Services Industry, with a turnover of 47.305 million shares worth N396.897 million in 2,132 deals.”
TOP THREE EQUITIES
According to the NGX report, the top three trading equities in the period reviewed are Fidelity Bank Plc, Zenith Bank Plc, and Universal Insurance Plc.
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Measured by volume, the bourse said the three equities accounted for 264.627 million shares worth N5.932 billion in 5,714 deals — contributing 22.36 percent and 20.55 percent to the total equity turnover volume and value, respectively.
TOP GAINERS OF THE WEEK
The report said VFD Group Plc stock gained N9.8 kobo, ending the week with N57 per share, higher than the N47.2 kobo it started with.
The share price of Union Dicon Salt Plc rose to N5.8 kobo per share from N4.85 kobo — gaining N0.95 kobo.
Africa Prudential Plc saw its stock price rise by N2.05 kobo to end the week with N15.1 kobo — up from its opening price of N13.05 kobo.
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Nigeria Exchange Group’s share value grew to N32.45 kobo per share, recording an increase of N3.45 kobo from N29.
Also, the shares of UPDC Real Estate Investment Trust closed the week at N6.1 kobo per share from N5.5 kobo, appreciating by N0.6 kobo.
TOP FIVE DECLINERS OF THE WEEK
Further analysis shows that UACN Plc lost N6.5 kobo to settle at N29. This, the company said, is below the N35.5 kobo it opened the week with.
The report also said Sunu Assurances Nigeria Plc lost N0.89 kobo to close at N5.76 kobo per share, against the opening price of N6.65 kobo.
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In addition, the share price of Universal Insurance Plc dropped by 13.33 percent to N0.52 kobo, recording a loss of N0.08 kobo, from the N0.6 per share it started trading with.
The NGX said Oando Plc’s share price fell from N48.35 kobo to N42 per share, losing N6.35 kobo within three days.
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According to the report, Consolidated Hallmark Holdings also booked a loss of 12.85 percent as its share price dropped to N3.12 kobo per share, from N3.58 kobo.
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