Nigeria’s local bourse ended the last business week of 2022 with major indices appreciating by 3.11 percent.
The market opened for three trading days this week as the Federal Government of Nigeria declared Monday 26 and Tuesday 27 December 2022 a Public Holiday to mark the Christmas celebration.
At the end of the three trading days, the NGX All-Share Index and Market Capitalisation appreciated by 3.11% to close the week at 51,251.06 and N27.915 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX Banking, NGX AFR Bank Value, NGX MERI Growth and NGX MERI Value indices which depreciated by 1.25%, 0.44%, 0.43% and 0.02% respectively, while the NGX ASeM and NGX Sovereign Bond indices closed flat.
A total turnover of 1.880 billion shares worth N18.988 billion in 12,036 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 860.933 million shares valued at N16.134 billion that exchanged hands last week in 14,502 deals.
The Financial Services Industry when measured by volume led the activity chart with 1.719 billion shares valued at N8.755 billion traded in 6,172 deals; thus contributing 91.42% and 46.11%
to the total equity turnover volume and value.
The Conglomerates Industry followed with 27.506 million shares worth N79.195 million in 355 deals.
The third place was the Oil and Gas Industry, with a turnover of 24.367 million shares worth N2.203 billion in 758
deals.
Trading in the top three equities namely Sovereign Trust Insurance Plc, Veritas Kapital Assurance Plc and FBN Holdings Plc, measured by volume accounted for 1.149 billion shares worth N3.469 billion in 295 deals, contributing 61.11% and 18.27% to the total equity turnover volume and value.
ETP
In this segment of the market, a total of 1.308 million units valued at N6.536 million were traded this week in 31 deals compared with a total of 1.303 million units valued at N6.011 million transacted last week in 37 deals.
BONDS
The bonds segment witnessed a total of 69,961 units valued at N66.888 million traded this week in 18 deals compared
with a total of 28,007 units valued at N27.186 million transacted last week in 15 deals.
