The market opened for four trading days this week as the Federal Government of Nigeria declared Monday 3rd January 2022 a Public Holiday to mark the New Year celebrations.
The NGX All-Share Index and Market Capitalisation appreciated by 2.66% and 5.97% to close the week at 43,854.42 and N23.628 trillion respectively.
Meanwhile, a total turnover of 2.027 billion shares worth N59.014 billion in 15,750 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 995.361 million shares valued at N13.209 billion that exchanged hands last week in 10,264 deals.
Trading in the top three equities namely BUA Foods Plc, Wema Bank Plc, and Transnational Corporation of Nigeria Plc, when measured by volume, accounted for 1.349 billion shares worth N51.253 billion in 1,120 deals, contributing 67 % and 86.85 % to the total equity turnover volume and value respectively.
Remained unchanged
Forty (40) equities appreciated in price during the week, higher than Thirty-seven (37) equities in the previous week. Thirty-one (31) equities depreciated in price, higher than Twenty-one (21) equities in the previous week, while Eighty-four (84) equities remained unchanged compared to ninety-nine (99) equities recorded in the previous week.
The Consumer Goods Industry, when measured by volume, led the activity chart with 1.255 billion shares valued at N 51.973 billion traded in 2,581deals; thus contributing 61.90% and 88.07% to the total equity turnover volume and value respectively.
The Financial Services Industry followed with 537.959 million shares worth N 4.627 billion in 8,015 deals. The third place was The ICT Industry, with a turnover of 76.906 million shares worth N704.346 million in 933 deals.
Similarly, all other indices finished higher with the exception of NGX Premium, NGX insurance, NGX AFR Div Yield, NGX Meri Growth, NGX Consumer Goods, NGX Lotus II Indices, which depreciated by 0.47%, 0.93%, 0.97%,0.66%, 0.87%, and 0.12% respectively while the NGX ASem and NGX Sovereign bond indices closed flat.
Etps;
Also traded this week was a total of 11,926 units of Exchange Traded Products, ETPs, valued at N894,080.79 in 26 deals compared with a total of 1,419 units valued at N54,185.84 transacted last week in 17 deals.
BONDS:
A total of 50,225 units Bonds valued at N50.792 million were traded this week in 13 deals compared with a total of 7,718 units valued at N8.003 million transacted last week in 6 deals.
Meanwhile, during the week, the Nigerian Exchange Limited, NGX made some new Listings of stocks to be traded on the floor of the Exchange.
The entire issued and fully paid 18,000,000,000 ordinary shares of 50 Kobo each of BUA Foods Plc were listed on the Main Board of the Nigerian Exchange Limited on Wednesday, 5 January 2022 at N40.00 per share.
The trading symbol of BUA Foods Plc is BUAFOODS.
BOND:
Federal Government of Nigeria listed the two (2) FGN Savings Bonds Issued in December 2021 on the Nigerian Exchange Limited on Friday, 07th January, 2022.
During the week also, the Market was notified of the full suspension placed on trading in the shares of Studio Press Nigeria Plc as a result of the Scheme of Arrangement between Studio Press and its shareholders involving the transfer of the ordinary shares held by minority shareholders to Federated Resources Nigeria Limited.
Following the conclusion of the Scheme, Trading License Holders and the investing public are hereby notified that the entire issued share capital of Studio Press Nigeria Plc were delisted from the Daily Official List of Nigerian Exchange Limited, Friday, 7 January 2022.
Delisted from the Exchange is the full suspension placed on trading in the shares of Union Diagnostic and Clinical Services Plc as a result of the Scheme of Arrangement between Union Diagnostic and Cedar Advisory Partners Limited.
Following the conclusion of the Scheme, the entire issued share capital of Union Diagnostic and Clinical Services Plc were delisted from the Daily Official List of Nigerian Exchange Limited on Friday, 7 January 2022.
Lateefah Ibrahim
