The domestic equity market recorded negative performance for the week ended April 17, 2025, shedding N207 billion.
The market which opened four working days of the week following the declaration of public holidays on Friday for Easter celebration showed that market capitalisation of listed equities depreciated by 0.32 per cent to close the week at N65.499 trillion from N65.706 trillion reported the previous week.
Also, the NGX All Share Index declined by 329.53 basis points to 104233.81 points from 104563.34 points recorded in the preceding week.
The volume of transactions for the week declined by 569.0 million, representing a drop of 27.172 per cent as investors for the week traded a total turnover of 1.525 billion shares worth N43.006 billion in 51,156 deals in contrast to a total of 2.094 billion shares valued at N52.967 billion that exchanged hands the previous week in 64,612 deals.
An analysis of the transactions for the week showed that the Financial Services sector led the activity chart with 1.122 billion shares valued at N24.015 billion traded in 28,818 deals, contributing 73.56 per cent and 55.84 per cent to the total equity turnover volume and value, respectively.
The ICT industry followed with 101.252 million shares worth N 4.819 billion in 2,541 deals while the Services industry took third position with an account of 99.776 million shares worth N1.230 billion in 3,063 deals.
The volume of investments in the top three equities namely Access Holdings Plc, Fidelity Bank Plc and Universal Insurance Plc accounted for 448.105 million shares worth N6.730 billion in 6,481 deals, contributing 29.39 per cent and 15.65 per cent to the total equity turnover volume and value, respectively.
The trading result showed that 31 companies appreciated in price during the week against 44 equities depreciated in price within the week.