The Nigerian Exchange Limited, NGX, ended the week on a positive note as the All-Share Index and Market Capitalisation appreciated by 0.73%, staying at 50,045.83 and N26.994 trillion respectively.
Equity
In the equities market, a total turnover of 1.195 billion shares worth N12.924 billion in 19,305 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 914.443 million shares valued at N15.263 billion that exchanged hands last week in 18,021 deals.
At the close of the day’s transactions, all other indices finished higher with the exception of NGX- Growth Index which depreciated by 0.51% while, the NGX ASeM and NGX Sovereign Bond indices closed flat.
The Financial Services Industry (measured by volume) led the activity chart with 1.017 billion shares valued at N5.685 billion traded in 10,107 deals; thus contributing 85.09% and 43.99% to the total equity turnover volume and value respectively.
The ICT Industry followed with 37.063 million shares worth N4.575 billion in 1,996 deals. The third place was the Consumer Goods Industry, with a turnover of 35.184 million shares worth N1.209 billion in 2,471 deals.
Trading in the top three equities namely Sterling Bank Plc., Fidelity Bank Plc and Access Holdings Plc (measured by volume) accounted for 540.056 million shares worth N1.499 billion in 2,179 deals, contributing 45.18% and 11.60% to the total equity turnover volume and value respectively.
Forty-three (43) equities appreciated in price during the week, higher than Twenty-seven (27) equities in the previous week.
Twenty-one (21) equities depreciated in price lower than thirty-eight (38) in the previous week, while ninety-two (92) equities remained unchanged higher than ninety-one (91) equities recorded in the previous week.
ETP
A total of 7,811 units valued at 837,295.25 were traded this week in 25 deals compared with a total of 6,968 units valued at N894,205.74 transacted last week in 17 deals.
Bonds
A total of 28,192 units valued at N27.904 million were traded this week in 11 deals compared with a total of 17,470 units valued at N18.192 million transacted last week 15 deals.
Other Activities
By the close of trading on Friday, 2 September 2022, additional 44,835,076 ordinary shares of 50 kobo each of UAC of Nigeria Plc were listed on the Daily Official List of the Nigerian Exchange Limited (NGX).
The additional shares listed on NGX arose from UAC of Nigeria’s Scrip Dividend Election Scheme.
With this listing of the additional 44,835,076 ordinary shares, the total issued and fully paid up shares of UAC of Nigeria has now increased from 2,881,296,580 to 2,926,131,656 ordinary shares of 50 kobo each.
Hauwa Abu
