The Nigerian Exchange Group Limited’s key indices declined by 1.09 percent to end the week as investors witnessed renewed bargain hunting and profit-taking in the market.
The NGX All-Share Index and Market Capitalisation took a downturn after recording gains for the first three trading sessions of the week, depreciating by 1.09 percent to close at 43,912.64 and N23.918 trillion on Friday.
This is lower than the 44,625.18 and N23.306 trillion made by investors on All-Share index and Market Capitalisation the previous day.
Similarly, all other indices finished lower with the exception of NGX-Main Board, NGX Banking, NGX MERI Value and NGX Industrial indices which appreciated by 0.83%, 0.07%, 1.21% and 0.34%, while the NGX ASeM and NGX Growth indices closed flat.
Equities
A total turnover of 598.817 million shares worth N14.234 billion in 15,859 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 938.020 million shares valued at N16.701 billion that exchanged hands last week in 15,700 deals.
The Financial Services Industry (measured by volume) led the activity chart with 398.264 million shares valued at N2.219 billion traded in 8,247 deals; thus contributing 66.51% and 15.59% to the total equity turnover volume and value.
READ ALSO: NGX All-Share Index sustains positive trend
The Conglomerates Industry followed with 37.514 million shares worth N49.503 million in 393 deals. The third place was the ICT Industry, with a turnover of 30.708 million shares worth N8.383 billion in
1,218 deals.
Within the week, 29 equities appreciated in price during the week, lower than 33
equities in the previous week, while 31 equities depreciated in price higher than 29 of the previous week and 97 equities remained unchanged higher than 95 equities recorded in the previous week.
Top Deals
Trading in the top three equities namely Mutual Benefits Assurance Plc, Sterling Bank Plc and Fidelity Bank Plc. (measured by volume) accounted for 181.347million shares worth N248.920 million in 854 deals, contributing 30.28% and 1.75% to the total equity turnover volume and value.
ETP
A total of 6,744 units valued at N1.725 million were traded this week in 26 deals compared with a total of 6,524units valued at N458,786.20 transacted last week in 20 deals.
BONDS
A total of 1,963 units valued at N1.736 million were traded this week in 6 deals compared with a total of 14,672 units valued at N14.269 million transacted last week 8 deals.
