See more as Nigerian stock market ends week with positive performance

• The Nigerian banal marketplace ended the week with a affirmative show arsenic investors made billions
• Data showed that each different indices finished the week higher, but for NGX Premium and NGX Lotus II Indices
• Thirty-one equities depreciated, higher than 28 successful the preceding week, portion 56 equities remained unchanged

Legit.ng writer Dave Ibemere has implicit a decennary of business journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

The Nigerian banal marketplace concluded the trading week connected a affirmative note, with investors witnessing beardown gains crossed assorted indices.

Data from the Nigerian Exchange Limited (NGX) revealed that the NGX All-Share Index (ASI) and Market Capitalisation appreciated by 0.90%, closing astatine 109,710.37 points and N68.953 trillion, respectively arsenic of Friday, May 16.

Nigeria's stocks marketplace summation to adjacent the week strong Photo credit: nurphoto
Source: Getty Images

Among the cardinal highlights for the week, each indices recorded gains but for the NGX Premium and NGX Lotus II Indices, which experienced flimsy declines of 0.05% and 0.92%, respectively.

In presumption of equity performance, 61 stocks saw terms appreciation during the reappraisal period, a alteration from the 68 equities that gained successful the erstwhile week.

Conversely, 31 equities recorded terms depreciations, up from 28 successful the preceding week, portion 56 equities remained unchanged, compared to 52 successful the erstwhile week, BusinessDay reports.

Market turnover stood astatine 2.606 cardinal shares valued astatine N63.785 billion, traded successful 77,593 deals. This marked a alteration from the erstwhile week's turnover of 2.645 cardinal shares worthy N77.005 cardinal exchanged successful 86,110 deals.

Stock marketplace study cardinal highlights

The Financial Services assemblage led the trading enactment by volume, with 1.540 cardinal shares valued astatine N28.963 cardinal traded successful 32,805 deals.

This accounted for 59.08% of the full equity turnover measurement and 45.41% of the full equity turnover value.

Nigeria stocks marketplace recorded A full turnover of 2.606 cardinal shares successful 1 week Photo credit: nurphoto
Source: Getty Images

The Services industry followed behind, which traded 286.833 cardinal shares worthy N1.711 cardinal successful 6,280 deals.

The Consumer Goods assemblage recorded a turnover of 202.565 cardinal shares valued astatine N7.439 cardinal successful 9,708 deals.

The apical 3 traded equities by measurement were FCMB Group Plc, Access Holdings Plc, and Tantalizer Plc, accounting for 600.684 cardinal shares worthy N6.570 cardinal successful 7,201 deals.

These transactions contributed 23.05% and 10.30% to the full equity turnover measurement and value, respectively.

Overall, the week's affirmative show reflects capitalist optimism and resilience successful the Nigerian banal marketplace contempt economical conditions.

Another Nigerian slope becomes N1trn company

Earlier, Legit.ng reported that Fidelity Bank has climbed the ranks of 19 Nigerian companies with a N1 trillion marketplace capitalisation.

The slope attained the caller presumption connected Wednesday, May 14, 2025, erstwhile its stock terms surged by 5.3% from N19.95 to N21.00.

Experts accidental the upward inclination positions Fidelity Bank to conscionable the caller N500 cardinal capitalisation people acceptable by the Central Bank of Nigeria (CBN).

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Source: Legit.ng