Nigeria’s stock market ends week bullish

By Chiamaka Okechukwu, Lagos

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The Nigeria Exchange Group Limited, NGX closed this week’s transactions on a positive trajectory with profit-taking and bargain hunting on large and medium cap equities.
Trading activities led to the NGX All-Share Index and Market Capitalisation appreciating by 0.46% to close the week at 47,569.04 and N25.910 trillion.
Similarly, all other indices finished higher with the exception of NGX Premium, NGX

Consumer Goods and NGX Oil & Gas which depreciated by 0.10%, 0.74% and 2.13%
respectively.

The NGX ASeM and NGX Growth indices which closed flat.

The Market opened for four trading days this week as the Nigerian Government declared Monday 10th October 2022 a Public Holiday to commemorate Eid-el-Maulud celebration.

A total turnover of 491,815 million shares worth N11.922 billion were traded in 14,350 deals this week by investors on the floor of the Exchange, in contrast to a total of 586.939 million shares valued at N8.837 billion that exchanged hands last week in 17,183 deals.

The Financial Services Industry when measured by volume led the activity chart with 346.661million shares valued at N3.757 billion traded in 7,427 deals, contributing 70.49% and 31.51% to the total equity turnover in volume and value.

The ICT Industry followed with 40.475 million shares worth N3.982 billion in 1,060 deals. The third place was the Conglomerates Industry, with a turnover of 20.313 million shares worth N28.929 million in 356 deals.

At the end of the four days trading sessions, 25 equities appreciated in price  higher than 11 equities in the previous week.

While 24 equities depreciated in price lower than 46 in the previous week, 108 equities remained unchanged higher than 100 equities recorded in the previous week.

Trading in the top three equities namely; Guaranty Trust Holding Company Plc, Mutual Benefits Assurance Plc and FBN Holdings Plc when measured by volume accounted for 211.080 million shares worth N2.478 billion in 2,834 deals, contributing 42.92% and 20.78% to the total equity turnover in volume and value.

 

 

 

 

 

 

 

Hauwa Abu

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