NGX closes trading week bullish

Chiamaka Ikechukwu

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The Nigerian Exchange Group Limited (NGX) ended the week bullish at the close of business on Friday.


The major market components, NGX All-Share Index and Market Capitalization, appreciated by 1.39% and 1.54% respectively to close the week at N41,438.15 and N21.625 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX ASeM Index, which closed flat.


A total turnover of 2.838 billion shares worth N31.653 billion in 23,355 deals were traded within the week by investors on the floor of the Exchange, in contrast to a total of 2.179 billion shares valued at N21.963 billion that exchanged hands last week in 22,438 deals.


The Financial Services Industry, measured by volume, led the activity chart with 2.428 billion shares valued at N26.442 billion traded in 13,884 deals; thus contributing 85.56% and 83.54% to the total equity turnover volume and value.


The Consumer Goods followed with 170.407 million shares worth N1.653 billion in 3,350 deals.


The third place was Conglomerates Industry, with a turnover of 68.996 million shares worth N133.382 million in 625 deals.



Top trading in three equities namely FBN Holdings Plc, Guaranty Trust Holding Company Plc and Ecobank Transnational Incorporated Plc, measured by volume accounted for 1.834 billion shares worth N23.372 billion in 5,981 deals, contributing 64.61% and 73.84% to the total equity turnover volume and value.

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