Trading activity on the Nigerian Exchange Limited (NGX) declined sharply last week, with investors adopting a more cautious approach that pushed the market’s weekly turnover down by 47.18 per cent amid lingering macroeconomic concerns.
According to the NGX weekly market report for the period ended June 26, 2026, total turnover fell to ₦134.49 billion, compared to ₦254.61 billion recorded in the previous week.
The slowdown also affected trading volume, with investors exchanging 2.324 billion shares in 249,328 deals, down from 3.075 billion shares traded in 287,157 transactions a week earlier.
Despite the overall decline, the Financial Services sector remained the market’s most active, accounting for 1.523 billion shares valued at ₦47.54 billion across 105,230 deals, representing more than 65 per cent of the total trading volume.
The Information and Communications Technology (ICT) sector ranked second with 198.82 million shares worth ₦32.62 billion, while the Consumer Goods sector came third after recording 151.64 million shares valued at ₦10.93 billion
Among individual stocks, Access Holdings Plc, Fidelity Bank Plc and Chams Holding Company Plc dominated trading activity, jointly accounting for 485.75 million shares worth ₦7.66 billion.
The bearish mood also dragged down the broader market, with the NGX All-Share Index declining by 1.65 per cent to close at 232,049.02 points, while total market capitalisation dropped 1.60 per cent to ₦148.91 trillion.
Sector performance was largely negative during the week. The Oil and Gas Index suffered the biggest loss, falling 9.86 per cent, followed by the Industrial Goods Index, which declined 8.21 per cent.
However, the Banking Index gained 3.51 per cent, while the NGX AFR Dividend Yield Index rose 9.93 per cent, reflecting renewed buying interest in selected banking stocks.
Market breadth showed slight improvement, with 22 stocks recording gains, while 57 equities closed lower and 67 remained unchanged.
Among the week’s top performers, McNichols Plc emerged as the biggest gainer after its share price jumped 26.47 per cent, while Trans-Nationwide Express Plc led the losers after shedding 26.79 per cent.
The week also witnessed notable corporate activities, including First HoldCo Plc’s listing of over 1.02 billion additional shares following a private placement and Ellah Lakes Plc’s listing of 2.25 billion new shares through a debt-to-equity conversion.
In the fixed-income market, the Federal Government of Nigeria also listed its June 2026 Savings Bonds, comprising a two-year bond worth ₦876.19 million and a three-year bond valued at ₦3.80 billion.
