The Nigerian Exchange (NGX) recorded a significant increase in trading activity last week, as the total value of transactions surged by 34.6% compared to the previous week. This comes despite a marginal rise in market capitalization, reflecting cautious optimism among investors.
According to data released by the NGX, a total of 2.22 billion shares valued at ₦75.4 billion were traded in 70,329 deals during the four-day trading week that ended on May 2, 2025. The increase in activity marks a notable jump from the previous week’s 1.85 billion shares worth ₦56.02 billion exchanged in 51,386 transactions.
The trading week was shortened due to the public holiday declared on May 1 to commemorate Workers’ Day.
In terms of market performance, the NGX All-Share Index (ASI) rose slightly by 0.27% to close at 106,042.57 points. Similarly, the market capitalization edged up by 0.28%, closing at ₦66.6 trillion from ₦66.4 trillion recorded the week before.
Despite the significant increase in trading volume, market analysts noted that the marginal growth in capitalization suggests investors are still treading carefully, possibly driven by profit-taking strategies and short-term speculative trading.
The increased activity on the exchange signals rising investor participation, although broader market sentiment remains mixed due to ongoing economic uncertainties and global financial headwinds.
The NGX continues to serve as a key barometer of investor confidence in Nigeria’s capital markets, with analysts closely monitoring how policy developments and corporate earnings will influence market direction in the coming weeks.
