On the closing of Nigerian Exchange (NGX) last week, Aluminium Extrusion emerged as the standout performer after a sharp rally that placed it at the top of the weekly gainers’ table. The aluminiumstock surged by 59.35 per cent to close at N12.35 ( USD 0.0082), reflecting heightened investor interest. It was followed by Mecure Industries, which advanced 44.93 per cent to N55.00 ( USD 0.04), while First Holdco rose by 42.93 per cent to N44.95 ( USD 0.03). Guinness Nigeria also recorded a strong showing, gaining 33.01 per cent to finish at N289.70 ( USD 0.19), and NPF Microfinance Bank added 20.65 per cent to close at N3.74 ( USD 0.0025).
Market breadth improved compared with the previous week. A total of 55 equities posted gains, up from 49 in the preceding week, while the number of declining stocks fell to 33 from 41. Another 55 equities closed unchanged, slightly fewer than the 57 recorded a week earlier.
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Losses, however, were not absent. Living Trust Mortgage Bank led the laggards after shedding 11.38 per cent to N3.35 ( USD 0.0022). Japaul dropped 10.53 per cent to N2.38 (USD 0.0016) , International Energy Insurance declined by 9.92 per cent to N2.27 (USD 0.0015), and FTN Cocoa slipped 9.80 per cent to N4.42 (USD 0.0029). Stanbic IBTC also ended the week lower, easing 9.33 per cent to N95.20 (USD 0.063).
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The renewed buying momentum lifted key market indicators. The All-Share Index rose by 1.76 per cent to 152,057.38 points, while total market capitalisation increased to N96.937 trillion (USD 64.6 billion). Most sectoral indices closed higher, with the exception of the AFR Bank Value index and the energy index, which fell by 1.38 per cent and 0.17 per cent, respectively.
Trading activity strengthened remarkably in the middle of the week. Investors exchanged 9.849 billion shares valued at N305.843 billion (USD 204 million) across 126,584 deals, a significant increase from the 4.373 billion shares worth N97.783 billion (USD 65.2 million) traded in 110,736 deals the previous week.
The financial services sector dominated turnover, accounting for 8.295 billion shares valued at N232.223 billion in 50,351 deals. This represented more than 84 per cent of total trading volume and nearly 76 per cent of market value. The healthcare sector followed, with 517.443 million shares worth N3.472 billion (USD 2.31 million) traded, while consumer goods stocks saw 392.765 million shares change hands for a value of N12.664 billion (USD 8.44 million).
Ecobank, First Holdco and Access Holdings were the most actively traded stocks, jointly accounting for 6.424 billion shares valued at N204.629 billion (USD 136.4 million), and contributing over 65 per cent of total market volume and almost 67 per cent of overall value.
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