Equities market ended the teasing week bullish with the NGX All-Share Index and Market Capitalization appreciating by 0.72% to close the week at 98,210.75 and N59.534 trillion respectively.
A total turnover of 3.893 billion shares worth N87.749 billion in 43,868 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.194 billion shares valued at N54.850 billion that exchanged hands last week in 45,112 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.709 billion shares valued at N51.027 billion traded in 20,017 deals; thus contributing 69.58% and 58.15% to the total equity turnover volume and value respectively.
The Consumer Goods industry followed with 403.658 million shares worth N3.844 billion in 4,239 deals. Third place was the Industrial Goods Industry, with a turnover of 198.360 million shares worth N10.328 billion in 4,606 deals.
Trading in the top three equities namely FBN Holdings Plc, Wema Bank Plc and Fidelity Bank Plc (measured by volume) accounted for 1.625 billion shares worth N28.982 billion in 3,226 deals, contributing 41.74% and 33.03% to the total equity turnover volume and value respectively.
Similarly, all other indices finished higher with the exception of NGX Main Board, NGX Growth and NGX Sovereign Bond which depreciated by 0.39%, 0.15%, and 0.06% respectively while the NGX ASeM index closed flat.
Fifty-one (51) equities appreciated in price during the week higher than thirty-two (32) equities in the previous week. Thirty (30) equities depreciated in price lower than forty-six (46) in the previous week, while seventy-two (72) equities remained unchanged, lower than seventy-five (75) recorded in the previous week.
Etp
A total of 19,430 units valued at N6.342 million were traded this week in 56 deals compared with a total of 20,749 units valued at N5.281 million transacted last week in 85 deals.
Bonds
A total of 30,281 units valued at N30.936 million were traded this week in 19 deals compared with a total of 189,346 units valued at N187.047 million transacted last week in 28 deals.
Olusola Akintonde
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