Transactions in Nigeria’s local bourse ended bullish on Friday as the All Share index of listed equities inched up by 0.41 percent.
The bull-run came despite the market being impacted by the outcome of Monetary Policy Committee meeting of the Central Bank of Nigeria.
Investors witnessed the NGX All-Share Index and Market Capitalization appreciate by 0.41% and 0.29% to close the week at 108,497.40 and N67.614 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX CG, NGX Premium, NGX Banking, NGX Pension, NGX AFR Bank Value, NGX AFR Div Yield, NGX MERI Growth, NGX MERI Value, NGX Oil and Gas, NGX Growth and NGX Commodity which depreciated by 2.09%, 1.15%, 3.22%, 1.22%, 3.25%, 1.79%, 2.39%, 2.78%, 2.87%, 0.25% and 0.50% respectively.
Equity
This week, a total turnover of 2.001 billion shares worth N49.486 billion in 70,853 deals was traded by investors on the floor of the Exchange, in contrast to a total of 2.414 billion shares valued at N55.512 billion that exchanged hands last week in 80,988 deals.
The Financial Services Industry when measured by volume led the activity chart with 1.199 billion shares valued at N26.325 billion traded in 30,527 deals; thus contributing 59.91% and 53.20% to the total equity turnover volume and value respectively.
The Agriculture industry followed with 234.002 million shares worth N1.683 billion in 3,191 deals.
Third place was the Consumer Goods Industry, with a turnover of 173.829 million shares worth N7.150 billion in 8,903 deals.
Highest volume
Trading in the top three equities namely Access Holdings Plc, Ellah Lakes Plc and Fidelity Bank Plc as measured by volume accounted for 618.543 million shares worth N11.207 billion in 7,159 deals, contributing 30.92% and 22.65% to the total equity turnover volume and value respectively.
Etp
The ETP segment of market recorded a total of 69,731 units valued at N4.711 million in trades this week in 103 deals compared with a total of 48,850 units valued at N19.310 million transacted last week in 95 deals.
Bonds
The bonds market witnessed a total of 231,313 units valued at N253.012 million in trades this week in 29 deals compared with a total of 77,290 units valued at N70.809 million transacted last week in 47 deals.
Olusola Akintonde
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