The Nigerian Exchange (NGX) recorded a significant decline in market activity last week, as investors traded 3.199 billion shares valued at ₦85.399 billion across 142,477 transactions.
This reflected a 25.8 percent drop in turnover value compared with the previous week, when 4.773 billion shares worth ₦107.426 billion were exchanged in 152,965 deals.
The Financial Services Industry maintained its lead on the activity chart, contributing 68.61 per cent to total equity turnover volume and 49.99 percent to value. A total of 2.195 billion shares, valued at ₦42.689 billion, were traded in 66,808 transactions.
The Consumer Goods Industry followed with 277.881 million shares worth ₦9.910 billion in 15,518 deals, while the Services Industry ranked third with 178.992 million shares valued at ₦1.308 billion in 7,580 transactions.
Top trading equities included FCMB Group Plc, Champion Breweries Plc, and Access Holdings Plc, which accounted for 778.603 million shares worth ₦13.155 billion in 11,288 deals. This represented 24.34 percent and 15.40 percent of total turnover volume and value, respectively.
The NGX All-Share Index (ASI) and Market Capitalisation depreciated by 0.50 percent and 0.49 percent, respectively, closing the week at 140,295.50 points and ₦88.769 trillion. Most indices also ended lower, except for the NGX AFR Div Yield Index, which appreciated by 0.94 percent. The NGX ASeM Index remained flat.
Market breadth was negative as 32 equities appreciated in price, down from 43 in the previous week, while 57 declined, compared with 54 in the prior week. Another 57 stocks closed flat, up from 49 previously.
The week’s top five decliners were:
- Secure Electronic Technology (down 25k),
- Guinea Insurance (down 35k),
- Lasaco Assurance (down 46k),
- University Press (down 76k), and
- Mutual Benefits Assurance (down 50k).
Meanwhile, the top five gainers were:
- McNichols (+18.75 per cent, up 60k),
- NEM Insurance (+17.29 per cent, up ₦4.60),
- Berger Paints (+15.31 per cent, up ₦4.90),
- Coronation Insurance (+12.77 per cent, up 41k), and
- Learn Africa (+11.43 per cent, up 80k).
In the listings segment, the NGX disclosed that an additional 270,382 units of the Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF) were admitted to the Daily Official List on Monday, 25 August. The units arose from the NIDF’s 2025 Q2 Scrip Dividend, raising the fund’s total units from 1,055,744,147 to 1,056,014,529.
On the same day, 87.9 million units of Coronation Asset Management Ltd.’s Series 1 Coronation Infrastructure Fund, issued at ₦100 per unit under its ₦200 billion Issuance Programme, were also listed.
The Exchange further notified Trading Licence Holders of the commencement of Industrial & Medical Gases Nigeria Plc’s Rights Issue of 199,797,458 ordinary shares at ₦32.00 per share, based on two new shares for every five held as of 21 May. The offer opened on Friday, 22 August.
Additionally, the NGX confirmed the supplementary listing of Federal Government of Nigeria (FGN) Bonds issued in May 2025, with extra units admitted to the market on Wednesday, 27 August.
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