Equities transaction on the floor of the Nigeria Exchange Group Limited, NGX ended the week bullish, with major market indices appreciating by 1.22% on Friday.
The week was characterised by sell-off in medium and large cap stocks such as MTN Nigeria and 12 others amid bargain hunting and profit-taking.
At end of business for the week, the All-Share Index and Market Capitalisation inched by 1.22% to close at 44,492.73 and N24.234 trillion.
Similarly, all other indices finished higher with the exception of NGX Insurance, NGX
Consumer Goods, NGX Oil & Gas, NGX Lotus II and NGX Industrial Good, which depreciated by 1.34%, 1.05%, 0.84%, 0.19% and 0.66% respectively, while the NGX ASeM, NGX Growth and NGX Sovereign Bond indices closed flat.
A total turnover of 694.376 million shares worth N8.667 billion in 15,418 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.101 billion shares valued at N11.714 billion that exchanged hands last week in 15,697 deals.
Performance
The Financial Services Industry when measured by volume led the activity chart with 487.150 million shares valued at N4.229 billion traded in 7,527 deals; thereby contributing 70.16% and 48.80% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 61.896 million shares worth N77.471 million in 396 deals. The third place was the Consumer Goods Industry, with a turnover of 40.042 million shares worth N1.243 billion in 2,713 deals.
Trading in the top three equities namely Access Holdings Plc, Transnational Corporation Plc and Fidelity Bank Plc when measured by volume accounted for 232.923 million shares worth N1.237 billion in 1,316 deals, contributing 33.54% and 14.27% to the total equity turnover volume and value.
Equities
This week’s trade saw 31 equities appreciate in price during the week, higher than the 27 equities in the previous week. On the flipside, 33 equities depreciated in price lower than the 36 recorded in the previous week, while 93 equities remained unchanged, lower than 94 equities of the previous week.
ETP
A total of 7,014 units valued at N495,893.36 were traded this week in 34 deals compared with a total of 4,379 units valued at N622,934.20 transacted last week in 33 deals.
BONDS
A total of 58,708 units valued at N58.646 million were traded this week in 21 deals
compared with a total of 23,819 units valued at N24.622 million transacted last week in 16 deals.
