August 24, 2025 — The Nigerian Exchange (NGX) ended the week on a strong footing as financial services stocks drove market activity, recording a total turnover of 4.77 billion shares worth N107.43 billion across 152,965 deals.
The weekly market report showed that the figure represented a 7.49 percent rise compared to the N99.94 billion exchanged in 177,870 deals the previous week, despite a lower volume of 8.56 billion shares traded earlier.
Analysts attributed the improved market value to robust interest in the banking and insurance sectors, which continued to attract significant liquidity from both institutional and retail investors. Mid-cap financial equities were also highlighted as key drivers of the positive sentiment.
Market watchers noted that the sustained inflow into financial services stocks signals renewed investor confidence in the sector, despite persistent economic headwinds. They added that the trend suggests investors are strategically positioning ahead of further corporate earnings releases.
The NGX’s resilience, coupled with the stronger turnover, underscores growing optimism in the equities market, even as external and domestic uncertainties remain.