— ₦76.6 Billion Worth of Equities Traded as Financial Services Lead Market Turnover
The Nigerian Exchange Limited (NGX) closed the week on a positive note, with the NGX Insurance Index posting an impressive 2.56% rise to close at 1,289.59 points, up from 1,257.46 points recorded in the previous week. This performance underscores renewed investor interest in insurance equities, reflecting optimism about the sector’s stability and long-term profitability.
The insurance index recorded an overall gain of 32.13 points, buoyed by strong performances from Consolidated Hallmark Holdings Plc, AIICO Insurance Plc, and Sovereign Trust Insurance Plc, among others. The sector’s resilience was further mirrored in the NGX’s overall market turnover, which saw heightened trading activity and a broad-based uptick across financial and service-oriented equities.
According to the weekly market summary released by the NGX, a total turnover of 2.422 billion shares worth ₦76.618 billion in 126,591 deals was traded by investors on the floor of the Exchange. This marked a moderate increase in traded volume compared to the 2.286 billion shares valued at ₦90.280 billion exchanged in 138,177 deals during the preceding week — a sign of active portfolio rebalancing among investors amid ongoing monetary and fiscal adjustments in Nigeria’s economy.
By industry performance, the Financial Services sector (measured by volume) maintained its dominance on the activity chart with 1.662 billion shares valued at ₦32.565 billion traded in 56,253 deals. This accounted for 68.65% of the total equity turnover volume and 42.50% of the total value, affirming the sector’s role as the market’s liquidity hub.
The ICT Industry followed in second place with 184.88 million shares worth ₦8.662 billion in 11,500 deals, while the Services Industry came third with a turnover of 154.54 million shares worth ₦1.066 billion in 5,975 deals.
Within the insurance segment, Consolidated Hallmark Holdings Plc (CONHALLPLC) maintained its leadership position with 260.78 million shares worth over ₦1.15 billion, traded across 585 deals, representing a major chunk of the insurance market’s ₦2.43 billion traded value. Other notable contributors included AIICO Insurance Plc, Sovereign Trust Insurance Plc, Mutual Benefits Assurance Plc, and AXA Mansard Insurance Plc, all of which recorded strong investor participation.
Collectively, the insurance sub-sector posted 9,854 deals involving over 710.88 million shares, valued at ₦2.43 billion, further cementing its growing influence in the capital market.
Meanwhile, trading in the top three equities — Consolidated Hallmark Holdings Plc, Fidelity Bank Plc, and Access Holdings Plc — accounted for 618.55 million shares worth ₦9.22 billion in 9,277 deals, contributing 25.54% and 12.03% to the total equity turnover volume and value respectively.
Market analysts attribute the strong insurance sector performance and overall bullish trend to improved investor confidence, driven by stable macroeconomic indicators and positive corporate earnings from leading firms in the sector. The uptick in the NGX Insurance Index is also seen as a reflection of growing belief in the sector’s digital transformation, increased capitalization, and compliance with new regulatory frameworks by NAICOM.
As Nigeria’s capital market continues to adjust to fiscal reforms and investor sentiment strengthens, the insurance sector’s robust showing on the NGX may signal a sustained rebound — one that positions the industry as a vital contributor to Nigeria’s financial market expansion in the final quarter of 2025.
The Nigerian Exchange Limited (NGX) closed the week with insurance stocks driving gains as the NGX Insurance Index rose by 2.56% to 1,289.59 points. Over ₦76.6 billion worth of equities were traded, with Financial Services leading turnover and Consolidated Hallmark Holdings Plc topping volume charts.
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