Domestic Stocks End Week On Bull Run
Business activities in Nigeria’s equities market remained bullish as the NGX All-Share Index and Market Capitalization appreciated by 1.06% to close the week at 55,529.21 and N30.250 trillion.
Similarly, all other indices finished higher except the NGX Oil and Gas index which depreciated by 2.36%, while the NGX Sovereign Bond and NGX ASeM indices closed flat.
A total turnover of 1.910 billion shares worth N18.436 billion in 20,311 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 799.848 million shares valued at N29.354 billion that exchanged hands last week in 14,194 deals.
Sectoral performance
The ICT Industry when measured by volume led the activity chart with 601.396 million shares valued at N2.676 billion traded in 1,607 deals; thus contributing 31.49% and 14.52% to the total equity turnover volume and value.
The Financial Services Industry
followed by 585.510 million shares worth N6.949 billion in 8,584 deals. The third place was the Services Industry, with a turnover of 349.215 million shares worth N2.402 billion in 512 deals.
Trading in the top three equities namely Chams Holding Company Plc, Capital Hotels Plc and Transnational Corporation Plc when measured by volume accounted for 1.038 billion shares worth N2.621 billion in 769 deals, contributing 54.33% and 14.22% to the total equity turnover volume and value.
On price gain, 53 equities appreciated during the week higher than 39
equities in the previous week while 21 equities depreciated lower than
22 in the previous week and 83 equities remained unchanged, lower than 96 equities recorded in the previous week.
ETP
A total of 30,547 units valued at N7.299 million were traded this week in 50 deals compared with a total of 5,760 units valued at N1.160 million transacted last week in 40 deals.
BONDS
In this segment of the market, a total of 39,151 units valued at N37.062 million were traded this week in 17 deals compared with a total of 54,323 units valued at N54.379 million transacted last week in 9 deals.
Mercy Chukwudiebere
