NGX weekly trading volume surges 127% to N176bn
Nigeria’s stock market saw NGX trading volume surge 127% to N176bn last week, driven by financial services. Discover key sectors and market movements. Read More: https://punchng.com/ngx-weekly-trading-volume-surges-127-to-n176bn/
Trading activity on Nigeria's NGX bourse surged by 127% to N176.06bn in the week ending 14 August 2026, outpacing profit-taking that pushed the benchmark index down 1.20%. Financial services companies led the market, accounting for 11.212bn shares worth N88.991bn in 102,246 deals, contributing 92.25% of total equity turnover by volume and 50.55% by value.
Fortis Global Insurance, Cornerstone Insurance, and Consolidated Hallmark Holdings were particularly active, representing 78.07% of equity turnover volume. Despite the increase, the NGX All-Share Index closed lower at 242,619.20 points, with a 1.20% decline and market capitalisation falling 1.19% to N156.624tn. The broader market showed slight improvement in market breadth, with 26 equities appreciating, unchanged from the previous week.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
