Prime Business AfricaThe Nigerian stock market traded for four days this week due to the public holidays slated for Friday, April 18, and Monday, April 21, to commemorate the 2025 Easter celebration.
Between Monday, April 14, and Thursday, April 17, bourse investors exchanged 1.52 billion shares worth N43 billion in 51,156 deals.
Join our WhatsApp ChannelThe value of the shares traded this week fell below the N52.96 billion exchanged the previous week for 2.09 billion shares in 64,612 deals.
This indicates a N9.96 billion or an 18.80 percent decline in the value of shares traded.
Top NGX performing sector
The financial services sector was the best-performing sector after leading the activity chart with 1.12 billion shares, traded by investors in 28,818 deals, valued at N24.01 billion, thereby contributing 73.56 percent and 55.84 percent to the total equity turnover volume and value, respectively
The information and communication technology (ICT) sector recorded 101.25 million shares, exchanged by investors, in 2,541 deals, worth N 4.81 billion.
Occupying the third spot is the Services Industry, which reported a turnover of 99.77 million shares worth N1.23 billion in 3,063 deals.
Top three equities
Trading ended with Access Holdings Plc, Fidelity Bank Plc and Universal Insurance Plc being the top three equities this week by the measure of volume.
The three companies accounted for 448.105 million shares worth N6.730 billion, traded in 6,481 deals by stock market investors.
Access Holdings, Fidelity Bank and Universal Insurance contributed 29.39 percent and 15.65 percent to the total equity turnover volume and value, respectively.
Top five gainers of the week
Abbey Mortgage Bank’s stock gained N2.83 kobo, ending the week with N8.96 kobo per share, higher than the N6.13 kobo it started with.
Nigerian Breweries’ share rose to N36.20 kobo per share, from N32 per share, gaining N4.20 kobo.
Associated Bus Company saw its stock price rise by N0.16 kobo, to end the week with N1.42 kobo, in contrast to the opening price of N1.26 kobo.
Livestock Feeds’ share value grew to N9.50 kobo per share, increasing by N0.96 kobo, from N8.54 kobo.
Unilever’s share closed the week at N38.05 per share from N34.70 kobo per share, appreciating by N3.35 kobo.
Top five losers of the week
GTCO’s share lost N9, to settle at N59, below the N68 it opened the week with.
Zenith Bank’s share lost N5.95 kobo, to close at N44 per share, against the opening price of N49.95 kobo per share.
DAAR Communications also reported a loss of 11.11 percent, dropping the share to N0.56 kobo per share, from N0.63 kobo per share.
Caverton’s share dropped to N2.27 kobo, losing N0.27 kobo from the N2.54 kobo per share it started trading with.
RT Brisco’s share fell from N2.12 kobo to N1.90 kobo per share, losing N0.22 kobo within four days.
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Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
