Key points
- Highcap Securities projects improved trading activity on the Nigerian Exchange Ltd. in the coming week due to the return of a full five-day schedule.
- The NGX All-Share Index and market capitalisation appreciated by 0.27 per cent to close the week at 250,385.47 points and N160.509 trillion, respectively.
- Investors traded 2.398 billion shares worth N111.480 billion in 241,313 transactions during the holiday-shortened three-day trading week.
- The Financial Services Industry led the activity chart, contributing 69.07 per cent and 43.26 per cent to total equity turnover volume and value respectively.
- Thirty-four equities appreciated in price during the week, fifty-one equities depreciated, and sixty-one equities remained unchanged.
Main Story
Highcap Securities Ltd. has projected improved trading activity on the Nigerian Exchange Ltd. (NGX) in the coming week, citing expectations that market operations will return to a full five-day trading schedule after a holiday-shortened week.
The Vice Chairman of Highcap Securities, Mr David Adonri, made the projection in an interview with the News Agency of Nigeria (NAN) on Saturday in Lagos.
He noted that the outlook reflected anticipated normalisation in trading activity following the disruption caused by public holidays.
The NGX All-Share Index and market capitalisation both rose by 0.27 percent to close the week at 250,385.47 points and N160.509 trillion respectively.
This compared with 249,712.37 points and N160.077 trillion recorded in the previous week, representing a gain of about N432 billion for investors.
Total weekly trading showed that investors exchanged 2.398 billion shares worth N111.480 billion in 241,313 deals.
This was lower than the previous week, when 3.875 billion shares worth N161.757 billion were traded in 334,745 deals, reflecting a 31 percent decline in transaction value.
The market operated for only three trading days during the week due to Federal Government holidays for the 2026 Eid-el-Kabir celebration.
Adonri expressed satisfaction with the market’s performance despite the shortened trading period and said activity levels were expected to stabilise as full trading resumed.
He added that improved participation was likely in the coming week as normal trading conditions returned.
Analysis showed that the Financial Services Industry led market activity with 1.656 billion shares valued at N48.229 billion traded in 94,812 deals.
It accounted for 69.07 percent of total traded volume and 43.26 percent of total value.
The Services Industry followed with 265.448 million shares worth N4.530 billion, while the ICT Industry recorded 101.848 million shares valued at N9.163 billion.
Trading in Fidelity Bank Plc, Access Holdings Plc and The Initiates Plc accounted for 903.681 million shares worth N19.227 billion across 22,238 deals.
The Issues
- Recovering from a 31 percent drop in aggregate transaction value caused by a holiday-shortened three-day trading schedule.
- Absorbing mixed sectoral performance, as supply and demand pressures slightly weakened banking, industrial, and consumer goods indices.
- Navigating external macroeconomic pressures such as broad money supply, inflation rate fluctuations, and foreign exchange movements.
What’s Being Said
- Explaining how specific corporate spaces anchored the bourse’s positive index closure despite drops in overall transactional volume, David Adonri noted: “The equities market on the NGX appreciated by 0.27 per cent this week, driven mainly by the oil and gas and insurance sectors.”
- Outlining how reduced operational time frames compressed market liquidity while alternative trading options maintained steady interest, Adonri stated: “All other sectors declined, while aggregate transaction value dropped due to the fewer trading days during the week. Overall market performance remained positive. All sectors were active, including the bonds market, which was also appreciated. Demand for Exchange Traded Funds (ETFs) remained strong, while supply and demand pressures weakened the banking, industrial and consumer goods sectors slightly,”
- Detailing how upcoming corporate earnings releases could support the continuous upward rally of major listed companies, he added that “the oil and gas sector could sustain its rally if Aradel releases a strong full-year result.”
- Identifying the traditional sectors that are expected to consistently retain the interest of market participants in the subsequent trading cycles, Adonri remarked: “As usual, banking and consumer goods stocks will continue to attract investor attention,”
What’s Next
- Trading volume and value are expected to normalize on the NGX with the resumption of a full five-day trading week.
- Market analysts will track upcoming corporate disclosures from companies like Aradel and Presco to evaluate their immediate impact on trading activities.
- Investors will monitor broader macroeconomic indicators, including foreign exchange movements, inflation rates, and broad money supply.
Bottom Line
Despite a 31 percent drop in transaction value due to public holidays, the NGX All-Share Index gained 0.27 percent to close at 250,385.47 points, prompting Highcap Securities to project a normalization of trading volumes and sustained momentum in the oil, gas, and insurance sectors as a full five-day schedule resumes.
 in the coming week.){kind=link}