NGX: Stocks appreciate by 2.00% to end the week

By Chiamaka Okechukwu, Lagos.

 

The bulls dominated equities transactions on the floor of the Nigeria Exchange Group Limited, NGX for the four-day trading week after 2022 Easter celebrations.

 

The positive sentiment recorded though the week by the Exchange was largely driven by gains made on blue-chip, medium and large capitalised stocks amid profit taking.

 

At the end of business on Friday, the NGX major indices; the All-Share Index and Market Capitalization appreciated by 2.00% to close the week at 48,459.65 and N26.125 trillion respectively.

 

All other indices finished higher with the exception of NGX Insurance, which depreciated at 0.05% while NGX Asem, NGX Afr. bank value and NGX Growth indices closed flat.

 

Meanwhile, a total turnover of 1.302 billion shares worth N17.813 billion in 20,212 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.247 billion shares valued at N22.372 billion that exchanged hands last week in 23,406 deals.

 

The Financial Services Industry as measured by volume led the activity chart with 836.781 million shares valued at N6.007 billion traded in 9,527 deals; contributing 64.28% and 33.72% to the total equity turnover volume and value.

 

The Oil and Gas Industry followed with 86.909 million shares worth N1.243 billion in 1,770 deals. The third place was the Consumer Goods Industry, with a turnover of 86.286 million shares worth N2.225 billion in 3,056 deals.

 

Trading in the top three equities namely Fidelity Bank Plc, Zenith Bank Plc and Universal Insurance Plc when measured by volume accounted for 279.507 million shares worth N2.627 billion in 2,504 deals, contributing 21.47% and 14.75% to the total equity turnover volume and value.

 

On price gain, 50 equities appreciated in price during the week, lower than 51 equities in the previous week.

 

On the other hand, 29 equities declined in price, higher than 18 equities

in the previous week, while 77 equities remained unchanged lower than 87 equities recorded in the previous week.

 

ETP 

At the ETP segment, a total of 20,137 units valued at N365,231.58 were traded this week in 10 deals compared with a total of 14,242 units valued at N492,229.40 transacted last week in 14 deals.

 

BONDS

 

The bonds segment had a total 62,425 units valued at N66.802 million  traded this week in 14 deals compared with a total of 245,278 units valued at N253.116 million transacted last week in 18 deals.

 

 

Olusola Akintonde