Nigerian stocks close week higher as 80 equities gain on NGX

The Nigerian Exchange (NGX) ended the week on a strong note, with the All-Share Index closing at 166,129.50 points. Market capitalisation rose to N106.354 trillion, up 2.48% during the week.

A total turnover of 4.607 billion shares valued at N130.636 billion was recorded in 263,439 deals, compared with 4.164 billion shares worth N94.026 billion in 248,254 deals in the previous week. The financial services industry led trading activity, accounting for 67.84% of total equity turnover volume and 36.15% of total value.

Market breadth and sectoral performance

Eighty equities recorded price appreciation, down from 84 in the prior week. Seventeen equities declined, compared with 22 previously, while 50 equities closed unchanged, up from 42.

The NGX All-Share Index appreciated by 2.36% during the week. All sectoral indices closed higher except the NGX AFR Dividend Yield Index, which declined by 0.15%.

The Services industry followed financial services, recording 353.436 million shares worth N5.096 billion in 17,764 deals. The ICT industry ranked third with 277.263 million shares valued at N18.009 billion in 28,525 deals.

Top gainers and losers

NCR (Nigeria) Plc topped the gainers list, jumping from N79.95 to N128.55, a gain of N48.60 or 60.79%. Other top gainers included SCOA Nigeria Plc (N9.35 to N14.90, +59.36%), DEAP Capital Management & Trust Plc (N3.00 to N4.46, +48.67%), Jaiz Bank Plc (N5.62 to N8.19, +45.73%), Omatek Ventures Plc (N1.28 to N1.77, +38.28%), Red Star Express Plc (N10.50 to N13.20, +25.71%), UPDC Plc (N5.00 to N6.20, +24.00%), E-Tranzact International Plc (N15.00 to N18.35, +22.33%), Secure Electronic Technology Plc (N0.89 to N1.08, +21.35%), and Multiverse Mining and Exploration Plc (N23.40 to N28.25, +20.73%).

Ikeja Hotel Plc led the decliners, falling from N40.00 to N35.05, a drop of N4.95 or 12.38%. Other losers included Austin Laz & Company Plc (N4.13 to N3.75, -9.20%), Eterna Plc (N35.00 to N32.30, -7.71%), Universal Insurance Plc (N1.30 to N1.20, -7.69%), Eunisell Interlinked Plc (N169.80 to N156.95, -7.57%), Lasaco Assurance Plc (N2.68 to N2.50, -6.72%), Cornerstone Insurance Plc (N6.74 to N6.35, -5.79%), Sunu Assurances Nigeria Plc (N5.05 to N4.77, -5.54%), Fidson Healthcare Plc (N73.10 to N70.00, -4.24%), and Nascon Allied Industries Plc (N120.00 to N115.00, -4.17%).

Trading in the top three equities by volume, Sovereign Trust Insurance Plc, Access Holdings Plc, and Linkage Assurance Plc, accounted for 1.406 billion shares worth N9.735 billion in 11,732 deals. That represented 30.52% of total volume and 7.45% of total value.

In a separate development, Nigerian billionaire Femi Otedola expanded his overseas property portfolio with the purchase of a luxury mansion in London valued at about N98 billion (£53 million). UK property records show the 10-bedroom property in St John's Wood was acquired in late 2025.