Equities market gains N883.4bn WoW over earning reports

The Nigerian equities market surged by N883.45 billion in five consecutive days of winning streak as investors buy into companies’ earnings report and strategic expansion moves that promise greater returns in near future.
The market capitalization which opened at N64.708 trillion on Monday closed at N65.592 trillion on Friday just as the benchmark All Share Index climbed from 104,496.12 points to close at 105,933.03 points.
On weekly basis, the NGX All-Share Index and Market Capitalization appreciated by 1.38% and 1.37% to close the week at 105,933.03 and N65.592 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX Consumer Goods and NGX Growth which depreciated by 0.60% and 4.74% respectively while the NGX ASeM and NGX Sovereign Bond indices closed flat.
Fifty-eight (58) equities appreciated in price during the week, higher than fifty-two (52) equities in the previous week.
Thirty-four (34) equities depreciated in price lower forty-four (44) in the previous week, while fifty-eight (58) equities remained unchanged, higher than fifty-four (54) recorded in the previous week.
A total turnover of 3.051 billion shares worth N98.350 billion in 72,535 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.245 billion shares valued at N69.198 billion that exchanged hands last week in 77,270 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.260 billion shares valued at N52.190 billion traded in 33,724 deals; thus contributing 74.08% and 53.07% to the total equity turnover volume and value respectively.
The Consumer Goods industry followed with 141.684 million shares worth N4.018 billion in 7,218 deals. Third place was the Industrial Goods Industry, with a turnover of 104.862 million shares worth N3.300 billion in 3,995 deals.
Trading in the top three equities namely Access Holdings Plc, FBN Holdings Plc and Zenith Bank Plc, (measured by volume) accounted for 1.176 billion shares worth N38.469 billion in 9,506 deals, contributing 38.56% and 39.11% to the total equity turnover volume and value respectively
As the sustained bullish sentiment swept through the trading floor on Friday, investors pocketed a hefty N305 billion in gains on the last trading day of the week.
The All-Share Index (ASI) climbed 0.48% to close at 105,933.03 points, propelling the year-to-date return to 2.92%, while market capitalization advanced by 0.47% to settle at N65.59 trillion.
Despite a decline in trading activity, market breadth remained robust, with 37 gainers outweighing 17 decliners. Top performers included Academy Press and Cadbury Nigeria, each surging 9.93%, while Eterna (+9.90%), Livestock (+9.85%), and UPDC (+9.75%) closely followed. On the flip side, MULTIVERSE (-9.95%), MECURE (-9.71%), and NPFMCRFBK (-7.94%) led the laggards.
Sectoral indices closed broadly positive, with Banking (+1.72%), Insurance (+1.64%), Industrial (+0.77%), and Consumer Goods (+0.11%) recording modest gains. However, trading volume and value took a hit, plunging by 12.83% and 42.81%, respectively, to 468.24 million units worth N13.17 billion.
Zenith Bank emerged as the most actively traded stock, driving N4.99 billion in transaction value, followed by Presco (N821.25 million) and Access Corp (N657.66 million). In turnover volume, Zenith Bank topped the chart with 108.78 million shares, while Cutix, Access Corp, and Sterling Bank trailed with 24.31 million, 23.64 million, and 22.79 million units, respectively.
As investors recalibrate strategies in response to market dynamics, the sustained rally underscores renewed confidence in Nigerian equities, setting the stage for further bullish sentiment in the coming sessions.