NGX Records Strong Weekly Gain of 2.37%

Salamatu Ejembi, Lagos

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The Nigerian Exchange (NGX) All-Share Index and Market Capitalisation rose by 2.37%, closing the week at 146,988.04 points and ₦93.296 trillion, respectively.

Similarly, most other indices ended higher, except for the NGX Banking, NGX ASeM, and NGX AFR Bank Value indices, which declined by 0.41%, 9.44%, and 1.00%, respectively.

A total turnover of 2.286 billion shares worth ₦90.280 billion in 138,177 deals was traded this week on the Exchange. This contrasts with 8.403 billion shares valued at ₦115.501 billion exchanged in 115,801 deals the previous week.

The Financial Services Industry (measured by volume) led the activity chart with 1.355 billion shares valued at ₦24.588 billion traded in 59,553 deals, contributing 59.28% and 27.23% to the total equity turnover volume and value, respectively.

Read Also: NGX Continues Bullish Run with 0.50% Increase

The ICT Industry followed with 182.822 million shares worth ₦7.807 billion in 12,597 deals, while the Agriculture Industry ranked third with 181.501 million shares worth ₦3.548 billion in 8,924 deals.

Trading in the top three equities — Ellah Lakes Plc, Chams Holding Company Plc, and Fidelity Bank Plc (measured by volume) — accounted for 430.968 million shares worth ₦5.597 billion in 10,254 deals, representing 18.86% and 6.20% of the total equity turnover volume and value, respectively.

During the week, 51 equities appreciated in price, compared to 53 in the previous week; 41 equities declined, down from 43 last week; while 55 equities remained unchanged, higher than 51 recorded in the previous week.

EXCHANGE-TRADED PRODUCTS (ETPs)

A total of 147,745 units valued at ₦24.075 million were traded this week in 372 deals, compared with 189,351 units valued at ₦17.284 million exchanged last week in 272 deals.

BONDS

A total of 984,209 units valued at ₦883.357 million were traded this week in 28 deals, compared with 64,033 units valued at ₦77.665 million traded last week in 13 deals.

 

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