The Nigerian equities market ended the just concluded trading week bearish, with a 0.33% decline.
Out of the 5 trading days on the floor of the Nigerian Exchange Limited (NGX), the equities market only advanced on Wednesday by 0.05% after the close of transactions.
Consequently, the NGX All-Share Index and Market Capitalization depreciated by 0.33% to close the week at 47,282.67 and N25,483 trillion respectively.
A total turnover of 2.449 billion shares worth N20.653 billion in 20,764 deals was traded within the past week by investors on the floor of the Exchange, in contrast to a total of 2.798 billion shares valued at N23.859 billion that exchanged hands in the week before in 22,970 deals.
Twenty-one (21) equities appreciated in price during the week, lower than thirty-six (36) equities in the previous week.
Forty-five (45) equities depreciated in price, higher than thirty-three (33) equities in the previous week, while ninety (90) equities remained unchanged higher than eighty-seven (87) equities recorded in the previous week.
Trading in the top three equities namely FCMB Group Plc, ETranzact International Plc and Fidelity Bank Plc (measured by volume) accounted for 1.472 billion shares worth N5.064 billion in 1,006 deals, contributing 60.12% and 24.52% to the total equity turnover volume and value respectively.
The Financial Services Industry (measured by volume) led the activity chart with 1.810 billion shares valued at N11.556 billion traded in 11,233 deals; thus contributing 73.91% and 55.96% to the total equity turnover volume and value respectively.
The ICT Industry followed with 349.937 million shares worth N4.050 billion in 1,292 deals. The third place was the Conglomerates Industry, with a turnover of 101.523 million shares worth N548.693 million in 1,084 deals.
Similarly, all other indices finished lower with the exception of NGX Meri value, NGX lotus and NGX Industrial Goods indices, which appreciated by 0.76%, 0.12% and 0.14% respectively, while NGX Asem, NGX Growth and NGX Sovereign bond indices closed flat.
Exchange-Traded Products
A total of 70,961 units valued at N9.123 million were traded this week in 28 deals compared with a total of 17,399 units valued at N933,567 transacted last week in 24 deals.
Bonds
A total of 60,695 units valued at N63.551 million were traded this week in 15 deals compared with a total of 10,306 units valued at N10.780 million transacted last week in 12 deals.
During the course of the week, a N10,000,000,000 13.00% Series 1 Ijara Lease Sukuk Due 2028 Under N30,000,000,000 Sukuk Issuance Programme was listed on the Nigerian Exchange Limited (NGX) on Thursday, 17 March 2022.
Also, LFZC Funding SPV Plc Bond changed its name from 13.25% LFZC SEP 2041 to 13.25% LFZC GTEED SEP 2041 and has been implemented by the Nigerian Exchange Limited (NGX). The change is in line with the bond issuer’s preference and to confirm that the bond is guaranteed by a reputable financial institution. However, the bond’s trading symbol still remains as LFZ2041S1.
Likewise, the change of name of TSL-SPV Bond from 10.00% TSL OCT 2030 to 10.00% TSL GTEED OCT 2030 has been implemented by the Nigerian Exchange Limited (NGX). The Bond’s trading symbol, however, still remains as TSL2030S1.
The change is in line with the bond issuer’s preference and to confirm that the bond is guaranteed by Infrastructure Credit Guarantee Limited (InfraCredit) and, therefore, requested that the word, guaranteed (GTEED), should be reflected in the name of the bond.
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