The Nigerian Exchange Limited, NGX ended this week’s trading activities with bullish sentiments.
Thus, having gained in three (3) of five (5) trading sessions this week, the All-Share Index and Market Capitalization appreciated by 0.24% to close the week at 51,829.67 and N27.942 trillion respectively.
At the end of today’s session, a total turnover of 1.348 billion shares worth N24.487 billion in 22,155 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.121 billion shares valued at N13.703 billion that exchanged hands last week in 22,350 deals.
Trading in the top three equities namely Mutual Benefits Assurance Plc, Living Trust Mortgage Bank Plc and Guaranty Trust Holding Company Plc (measured by volume) accounted for 484.839 million shares worth N 2.414 billion in 2,410 deals, contributing 35.97% and 9.86% to the total equity turnover volume and value respectively.
Thirty-four (34) equities appreciated in price during the week, higher than Sixteen (16) equities in the previous week.
Twenty-nine (29) equities depreciated in price lower than Fifty-six (56) equities in the previous week, while ninety-three (93) equities remained unchanged higher than eighty-four (84) equities recorded in the previous week.
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The Financial Services Industry (measured by volume) led the activity chart with 1.009 billion shares valued at N 6.796 billion traded in 11,352 deals; thus contributing 74.87% and 27.75% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 79,616 million shares worth N144.549 million in 689 deals. The third place was The Oil and Gas Industry, with a turnover of 72.996 million shares worth N1.862 billion in 1,799 deals.
Similarly, all other indices finished higher with the exception of the NGX Afr bank value, NGX AFR Div Yield, NGX MERI Value , NGX Consumer Goods, NGX Oil/Gas and NGX Industrial Goods Indices which depreciated at 0.43%, 0.36%, 0.38%, 0.40%, 0.25% and 0.13% while the NGX Sovereign Bond Index closed flat.
ETP
A total of 7,158 units valued at N1.537 million were traded this week in 17 deals compared with a total of 1,591 units valued at N10.823 million transacted last week in 18 deals.
BONDS
A total of 163,232 units valued at N167.460 million were traded this week in 32 deals compared with a total of 44,746 units valued at N44.815 million transacted last week 29 deals.
OTHER ACTIVITIES WITHIN THE MARKET;
During the course of the week, the Nigerian Exchange Limited (NGX) suspended trading in the shares of nine (9) companies from its facilities.
The suspension, which is effective today, Friday, 1 July 2022, is due to the companies failure to file their Audited Financial Statements for the year ended 31 December 2021.
The affected companies are;
1. African Alliance Insurance Plc
2. Niger Insurance Plc
3. Royal Exchange Plc
4. Ekocorp Plc
5. C&I Leasing Plc
6. Mutual Benefits Assurance Plc
7. Coronation Insurance Plc
8. Premier Paints Plc
9. Ardova Plc
In accordance with the Default Filing Rules set forth above, the suspension of trading in the shares of the above-mentioned companies will only be lifted upon the submission of the relevant accounts, provided NGX Regulation Limited (NGX RegCo) is satisfied that the accounts comply with all applicable rules of NGX.
Change of Name;
The Nigerian Exchange Limited, NGX has announced the implementation of the change of name of Chams Plc to Chams Holding Company Plc.
This is in line with the approval obtained from the shareholders of the Company at its Meeting held on 12 May 2022 and the receipt by the Company of a new certificate of incorporation from the Corporate Affairs Commission.
However, the Company’s trading symbol remains the same.
Hauwa Abu
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