Equities transactions on the floor of the Nigerian Exchange Group Limited, NGX ended on a downward trajectory this week as All-Share Index and Market Capitalisation depreciated by 2.03% to close the week at 97,432.02 and N59.039 trillion.
The 2.03 percent decline on key market indices came after five straight days of losses due to price drop in large and medium capitalised equities.
Similarly, all other indices finished lower with the exception of NGX Banking, NGX AFR Bank Value, NGX AFR Div Yield, NGX MERI Growth, NGX MERI Value, NGX Oil & Gas and NGX Growth which appreciated by 0.19%, 1.76%, 1.52%, 0.16%, 0.48%, 1.15%, and 0.07% respectively while the NGX ASeM index closed flat.
EQUITY
A total turnover of 2.717 billion shares worth N54.632 billion in 46,848 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.142 billion shares valued at N85.946 billion that exchanged hands last week in 41,217 deals.
The Financial Services Industry when measured by volume led the activity chart with 1.821 billion shares valued at N28.958 billion traded in 20,173 deals; thus contributing 67.01% and 53.01% to the total equity turnover volume and value respectively.
The ICT Industry followed with 389.848 million shares worth N6.560 billion in 2,515 deals. The Conglomerates Industry came third with a turnover of 160.993 million shares worth N4.746 billion in 3,623 deals.
Trading in the top three equities namely Fidelity Bank Plc, Chams Holding Company Plc and United Bank for Africa Plc, measured by volume accounted for 1.225 billion shares worth N17.721 billion in 4,912 deals, contributing 45.10% and 32.44% to the total equity turnover volume and value.
On price movement, 39 equities appreciated in price during the week lower than 58
equities in the previous week.
Conversely, 45 equities depreciated in price higher than 18 in the previous week, while
68 equities remained unchanged,
lower than 76 recorded in the previous week.
ETP
The ETP segment of the market recorded a total of 74,599 units valued at N35.050 million were traded this week in 87 deals compared with a total of 15,636 units valued at N3.595 million transacted last week in 57 deals.
BONDS
At the end of this week’s trading sessions, a total of 72,119 units valued at N63.735 million were traded in 28 deals compared with a total of 43,870 units valued at N34.851 million transacted last week in 29 deals.
Hauwa Abu
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