SAT MAY 30 2026-theGBJournal| Nigeria’s equities market closed the week higher, with the benchmark NGX All-Share Index advancing 0.27% week-on-week to 250,385.47 points, while market capitalization rose by the same margin to N160.51 trillion, extending this year’s remarkable rally and pushing year-to-date returns to 60.9%.
Gains in FCMB (+1.30% w/w), WEMABANK (+0.30% w/w) and ARADEL (+5.33% w/w) helped offset sharp declines in heavyweight counters including DANSUGAR (-18.22% w/w), GTCO (-5.52% w/w) and ACCESSCORP (-3.61% w/w), underscoring investors’ continued appetite for select value and energy stocks despite profit-taking across banking and consumer goods names.
The positive momentum persisted into Friday’s trading session, with the benchmark index climbing 0.26% as investors accumulated shares of SOVRENINS (+10.00%), INTENEGINS (+9.98%), and MCNICHOLS (+9.85%).
Their gains outweighed losses in CAP (-10.00%), LIVINGTRUST (-9.89%), and JOHNHOLT (-9.84%).
While the broader market ended the week in positive territory, sectoral performance remained mixed, with banking, consumer goods and industrial goods indices among the key underperformers.
Trading activity strengthened significantly during the week, reflecting heightened investor participation.
Total traded volume surged 113.6%, while transaction value increased 59.6%. Fidelity Bank dominated market activity, accounting for 482.95 million shares traded and N8.73 billion in turnover.
Together, Fidelity Bank, Access Holdings and The Initiates Plc generated 903.68 million shares worth N19.23 billion, representing 37.7% of total market volume and 17.3% of total value traded.
Market breadth remained slightly negative at 0.97x, with 33 decliners marginally outnumbering 32 gainers, highlighting the narrow nature of the week’s advance.
Sovereign Trust Insurance emerged as the top performer with a 10% gain, while CAP Plc led the laggards after shedding 10%.
Meanwhile, the NASD Over-the-Counter market also ended the week on a positive note.
The NASD Security Index rose 0.83% to 4,333.64 points, lifting market capitalization to N2.59 trillion.
However, trading activity weakened as volume and value traded fell 55.4% and 47.0%, respectively.
SDNIPC Plc topped the gainers’ chart with a 9.09% increase, while SDM Asset Management Company recorded the steepest decline, dropping 11.11%.
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