The Equities Market on the Nigerian Exchange Group (NGX) ended the week bearish as the All-Share Index and Market Capitalization depreciated by 0.12% to close the week at 37,947.18 and N19.771 trillion respectively.
A total turnover of 1.008 billion shares worth N10.923 billion in 17,297 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.348 billion shares valued at N12.140 billion that exchanged hands last week in 21,581 deals.
Twenty-nine (29) equities appreciated in price during the week, lower than Forty-four (44) in the previous week.
Trading in the top three equities namely Guaranty Trust Holding Company Plc, United Bank for Africa Plc and Zenith Bank Plc when measured by volume, accounted for 261.741 million shares worth N5.813 billion in 3,498 deals, contributing 25.95% and 53.22% to the total equity turnover volume and value respectively.
Simarly, all other indices finished lower with the exception of NGX Banking, NGX AFR Div Yield, NGX MERI Growth, NGX Oil/Gas and NGX Sovereign Bond indices which appreciated by 0.09%, 0.32%, 0.15%, 1.81% and 0.64% respectively, while the NGX Premium, NGX ASeM and NGX Growth Indices closed flat.
The Financial Services Industry, when measured by volume, led the activity chart with 732.418 million shares valued at N7.213 billion traded in 9,131 deals; thus contributing 72.62% and 66.04% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 52.931 million shares worth N170.271 million in 656 deals.
The third place was the ICT Industry with a turnover of 52.716 million shares worth N1.806 billion in 701 deals.
EXCHANGE-TRADED PRODUCTSÂ
A total of 7,403 units valued at N486,759.25 were traded this week in 17 deals compared with a total of 34,123 units valued at N784,264.64 transacted last week in 13 deals.
BONDS
A total of 29,583 units valued at N29.805 million were traded this week in 12 deals compared with a total of 147,590 units valued at N173.172 million transacted last week in 15 deals.
