NGX: Market ends Week Positive

Salamatu Ejembi, Lagos 


Equities trading on the floor of the Nigerian Exchange Limited, NGX ended the week with a marginal gain, despite having three days consecutive decline out of the five trading days of the week.

The NGX All-Share Index and Market Capitalization appreciated by 0.25% and 0.24% respectively to close the week at 43,308.29 and N22.598 trillion respectively.

A total turnover of 3.435 billion shares worth N30.915 billion in 21,109 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.392 billion shares valued at N27.886 billion that exchanged hands last week in 19,990 deals.

Trading in the top three equities namely: OANDO Plc, FBN Holdings Plc and Guaranty Trust Holding Company Plc, when measured by volume, accounted for 2.283 billion shares worth N17.395 billion in 3,645 deals, contributing 66.47% and 56.27% to the total equity turnover volume and value respectively.

Hence, 29 equities appreciated in price during the week, higher than 15 equities in the previous week. 36 equities depreciated in price, lower than 49 equities in the previous week, while 91 equities remained unchanged lower than 92 equities recorded in the previous week.

Sectoral performance
The Oil & Gas Services Industry, when measured by volume, led the activity chart with 2.014 billion shares valued at N13.448 billion traded in 1,350 deals; thus contributing 58.63% and 43.50% to the total equity turnover volume and value respectively.

The Financial Service Industry followed with 1.052 billion shares worth N10.168 billion in 10,941 deals. The third place was the Consumer Goods Industry, with a turnover of 183.803 million shares worth N4.492 billion in 4,007 deals.

Similarly, all other indices finished higher with the exception of NGX 30, NGX CG, NGX Banking, NGX Pension, NGX-AFR Bank Value, NGX MERI Growth, NGX Consumer Goods, NGX Oil/Gas and NGX Industrial Goods indices which depreciated by 0.43%, 0.36%, 0.29%, 0.07%, 0.16%, 0.26%, 2.00%, 0.87% and 0.03% respectively, while the NGX ASeM Index closed flat.

Also traded during the week on the floor of the Nigerian Exchange Limited, NGX is the Exchange Traded Product, ETP which saw a total of 147 units valued at N15, 766.78 being traded this week in seven deals compared with a total of 54,936 units valued at N481, 455.15 transacted last week in 19 deals.

And for the Bonds market, a total of 31,275 units valued at N33.596 million were traded this week in 21 deals compared with a total of 65,606 units valued at N68.507 million transacted last week in nine deals.


Dominica Nwabufo

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