NGX: Equities market sustain positive sentiment to end 2021

Chiamaka Okechukwu

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Transactions on the floor of the Nigeria Exchange Group Limited, NGX ended positive for last trading day of 2021 as the All-Share Index and Market Capitalization appreciated by 1.07% to close the week at 42,716.44 and N22.297 trillion respectively.

 

It was a three-day trading week as the Nigerian Government declared Monday 26th and Tuesday 27th of December, 2021 as public holidays in commemoration of the Christmas and Boxing day Celebrations.

 

Similarly, all other indices finished higher with the exception of NGX Main Board, NGX Oil/Gas and NGX Industrial Goods Indices which depreciated by 0.84%, 1.09% and 3.91%, respectively while the NGX ASeM Index closed flat.

 

Meanwhile, a total turnover of 995.361 million shares worth N13.209 billion in 10,264 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 965.061 million shares valued at N12.455 billion that exchanged hands last week in 14,802 deals.

 

The Financial Services Industry (measured by volume) led the activity chart with 843.972 million shares valued at N5.885 billion traded in 5,925 deals; thus contributing 84.79% and 44.55% to the total equity turnover volume and value respectively.

 

The Conglomerates Industry followed with 46.815 million shares worth N166.702 million in 368 deals. The third place was the Construction/Real Estate Industry, with a turnover of 27.276 million shares worth N107.509 million in 315 deals.

 

Trading in the top three equities namely Jaiz Bank Plc, FBN Holdings Plc, and Zenith Bank Plc (measured by volume) accounted for 348.887 million shares worth N 3.4193 billion in 1,552

deals, contributing 35.05% and 25.88% to the total equity turnover volume and value

respectively.

 

This week, 37 equities appreciated in price during the week, higher than 33 equities in the previous week.

 

Conversly 21 equities depreciated in price, lower than 25 equities in the previous week, while 99 equities remained unchanged similar to 99 equities recorded in the previous week.

 

ETP

 

A total of 1,419 units valued at N54,185.84 were traded this week in 17 deals compared to a total of 48,161 units valued at N587,154.04 transacted last week in 15 deals.

 

BONDS

 

A total of 7,718 units valued at N8.003 million were traded this week in 6 deals compared to a total of 12,047 units valued at N11.512 million transacted last week in 12 deals.

 

Bilkisu Pai

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