The Financial Services Industry has once again taken the lead in trading activity on the Nigerian Exchange (NGX), accounting for the largest share of transactions during the latest trading week.

According to data released by the Exchange, the sector recorded 1.355 billion shares valued at ₦24.588 billion, traded in 59,553 deals. This performance solidified its position as the dominant player on the market for the week under review.

Trailing behind was the Information and Communication Technology (ICT) industry, which recorded 182.822 million shares worth ₦7.807 billion in 12,597 deals. The Agriculture sector followed closely with 181.501 million shares valued at ₦3.548 billion in 8,924 deals.

Overall, investors traded 2.286 billion shares worth ₦90.280 billion across 138,177 deals during the week, reflecting a notable decline compared to the 8.403 billion shares valued at ₦115.501 billion exchanged in the previous week.

Among individual equities, Ellah Lakes Plc, Chams Holding Company Plc, and Fidelity Bank Plc topped the activity chart. Together, the three accounted for 430.968 million shares, representing 18.86% of total trading volume and ₦5.597 billion or 6.20% of total market value.

Meanwhile, the NGX All Share Index (ASI) and overall market capitalization rose by 2.37%, closing the week at 146,988.04 points and ₦93.296 trillion, respectively.

However, some sectoral indices, particularly the NGX Banking, NGX ASeM, and NGX AFR Bank Value Indices, recorded declines, reflecting mixed investor sentiment across financial subsectors.

Market analysts note that the continued dominance of the Financial Services Industry underscores its critical role in Nigeria’s capital market, driven by sustained investor confidence in banking and insurance equities despite prevailing economic headwinds.