NGX Ends Trading Week Bearish

Salamatu Ejembi, Lagos

Last updated Feb 9, 2024

The Nigerian Exchange Limited, NGX has ended trading activities for the week with the local bourse declining in 4 out of the 5 trading sessions for the week.

Thus, the NGX All-Share Index depreciated by 2.45% to close the week at 101,858.37, while the Market Capitalization declined by 2.49% to settle at N55.735 trillion.

EQUITY

During the course of the just concluded trading week, a total turnover of 2.478 billion shares worth N47.856 billion in 54,982 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.893 billion shares valued at N95.147 billion that exchanged hands last week in 69,117 deals.

Trading in the top three equities namely FBN Holdings Plc, Transnational Corporation Plc and Jaiz Bank Plc (measured by volume) accounted for 732.804 million shares worth N13.705 billion in 7,040 deals, contributing 29.57% and 28.64% to the total equity turnover volume and value respectively.

Similarly, all other indices finished lower with the exception of NGX ASeM which appreciated by 4.63%.

The Financial Services Industry (measured by volume) led the activity chart with 1.687 billion shares valued at N28.514 billion traded in 25,751 deals; thus contributing 68.10% and 59.58% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 210.272 million shares worth N2.988 billion in 4,419 deals. The third place was the Oil and Gas Industry, with a turnover of 203.777 million shares worth N2.139 billion in 4,544 deals.

Twenty (20) equities appreciated in price during the week lower than twenty-seven (27) equities in the previous week. Sixty-eight (68) equities depreciated in price higher than sixty-four (64) in the previous week, while sixty-six (66) equities remained unchanged, higher than sixty-four (64) recorded in the previous week.

ETP

A total of 3.144 million units valued at N108.299 million were traded this week in 659 deals compared with a total of 181,095 units valued at N40.091 million transacted last week in 522 deals.

BONDS

A total of 69,544 units valued at N67.744 million were traded this week in 35 deals compared with a total of 52,338 units valued at N51.123 million transacted last week in 31 deals.

Hauwa Abu

loss NGX