• Super Admin
• 08 Mar, 2026

Significant listings occurred on March 6, including over 105 million additional shares for Fidson Healthcare Plc and 68.15 million units for Nigeria Real Estate Investment Trust. The Nigerian Exchange (NGX) closed the week on a bullish note as major indices trended upward, despite a noticeable dip in the total value of transactions. Investors exchanged 3.695 billion shares worth ₦177.687 billion in 370,980 deals, compared to 5.494 billion shares valued at ₦196.709 billion in the preceding week. This resulted in a 10.7% week-on-week decline in transaction value. Sectoral performance showed the Financial Services Industry leading the chart with 2.444 billion shares (valued at ₦72.029 billion) traded in 145,628 deals. This sector alone contributed 66.14% to the total volume and 40.54% to the total value of equity turnover. The Oil and Gas Industry followed in second place, while the Services Industry ranked third. Notably, the combined trading in Jaiz Bank Plc, Fortis Global Insurance Plc, and Access Holdings Plc accounted for 17.90% of the total volume. The market breadth was positive as 44 equities appreciated in price, up from 32 in the previous week, while 58 equities depreciated. While the All-Share Index rose, several specialized indices including NGX Insurance, NGX Consumer Goods, and NGX Sovereign Bond closed lower. The week also saw capital adjustments, with Fidson Healthcare Plc listing 105,003,725 additional shares from its Employee Share Scheme, bringing its total issued shares to 2.4 billion. The Bottom Line is that the NGX remains in a growth phase despite lower transaction volumes. With the All-Share Index nearing the 197,000-point mark and market capitalization exceeding ₦126 trillion, investor confidence appears resilient, supported by strategic sector activity and new corporate listings. Source: https://bizwatchnigeria.ng/ngx-weekly-market-report-financial-services-fidson-listing-2026/