NGX: Market capitalization declines by 0.12%
By Chiamaka Okechukwu
After what seemed to be a tussle between the bull and the bear on the floor of the Nigerian Exchange Group Limited, NGX, the All-Share Index and Market Capitalization depreciated by 0.13% and 0.12% to close the week at N47,140.48 and N25.406 trillion.
However, all other indices finished higher with the exception of NGX Premium, NGX Banking, NGX AFR Bank value, NGX Oil & Gas and NGX Industrial Goods which depreciated by 0.29%, 0.74%, 0.86%, 3.45%, and 0.32% respectively.
The NGX Main Board, NGX Asem, NGX Growth and NGX Sovereign Bond Indices closed flat.
A total turnover of 1.713 billion shares worth N30.764 billion in 24,767 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.331 billion shares valued at N22.700 billion that exchanged hands last week in 27,822 deals.
The Financial Services Industry led the activity chart for the week’s trading session with 1.064 billion shares valued at N12.201 billion traded in 11,708 deals; thus contributing 62.14% and 39.66% to the total equity turnover volume and value.
The Consumer Goods Industry followed with 156.077 million shares worth N5.004 billion in 4,877 deals.
The third place was the Conglomerates Industry, with a turnover of 113.554 million shares worth N309.833 million in 1,062 deals.
Top trades volumes
Trading in the top three equities namely Access Bank Plc, Guaranty Trust Holding Company Plc and Fidelity Bank Plc, accounted for 500.778 million shares worth N7.455 billion in 3,603 deals, contributing 29.23% and 24.23% to the total equity turnover volume and value.
A total of 10,633 units valued at N1.181 million were traded this week in 27 deals compared with a total of 31,239 units valued at N37.245 million transacted last week in 53 deals.
A total of 40,892 units valued at N44.706 million were traded this week in 22 deals compared with a total of 79,150 units valued at N83.791 million transacted last week in 25 deals.