NGX ends trading week bearish, loses 0.45%

EQUITY

At the close of trading on Friday, the NGX All-Share Index and Market Capitalization depreciated by 0.45% to close the week at 51,979.92 and N28.031 trillion respectively.

A total turnover of 917.190 million shares worth N14.803 billion in 19,513 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 504.322 million shares valued at N7.517 billion that exchanged hands last week in 12,393 deals.

Trading in the top three equities namely United Bank For Africa Plc, Guaranty Trust Holding Company Plc and Access Holdings Plc (measured by volume) accounted for 355.624 million shares worth N4.120 billion in 3,486 deals, contributing 38.77% and 27.83% to the total equity turnover volume and value respectively.

The Financial Services Industry (measured by volume) led the activity chart with 648.207 million shares valued at N6.258 billion traded in 9,293 deals; thus contributing 70.63% and 42.27% to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 102.605 million shares worth N3.211 billion in 3,016 deals.

The third place was the Conglomerates Industry, with a turnover of 36.218 million shares worth N193.474 million in 562 deals.

Consequently, Nineteen (19) equities appreciated in price during the week, lower than Twenty (20) in the previous week.

Thirty-six (36) equities depreciated in price higher than Thirty-two (32) in the previous week, while one hundred and one (101) equities remained unchanged lower than one hundred and four (104) equities recorded in the previous week.

Similarly, all other indices finished lower with the exception of the NGX Insurance, NGX MERI Growth, NGX Oil/Gas, NGX Growth and NGX Sovereign Bond Indices which appreciated at 1.81%, 1.01%, 3.80%, 0.41% and 0.15% while, the NGX ASeM index closed flat.

ETP

A total of 196.303 units valued at N6.346 million were traded this week in 34 deals compared with a total of 2,414 units valued at N962,254 transacted last week in 10 deals.

BONDS

A total of 79,914 units valued at N83.072 million were traded this week in 31 deals compared with a total of 747,022 units valued at N775.089 million transacted last week 23 deals.

Hauwa Abu