NGX closes the week positive, up 1.47%

The Nigerian Exchange (NGX) All-Share Index and Market Capitalization appreciated by 1.47 per cent and 1.49 per cent to close the week at 38,212.01 and N19.919 trillion respectively.

A total turnover of 1.021 billion shares worth N14.145 billion in 17,565 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.006 billion shares valued at N10.330 billion that exchanged hands last week in 17,165 deals.

The Financial Services Industry (measured by volume) led the activity chart with 721.728 million shares valued at N5.995 billion traded in 8,709 deals; thus contributing 70.70 per cent and 42.38 per cent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 99.083 million shares worth N2.395 billion in 3,703 deals. The third place was ICT Industry, with a turnover of 72.718 million shares worth N3.407 million in 643 deals.

Trading in the top-three equities namely Guaranty Trust Holding Company Plc, Wema Bank Plc and Zenith Bank Plc (measured by volume) accounted for 213.871 million shares worth N3.818 billion in 3,023 deals, contributing 20.95 per cent and 26.99 per cent to the total equity turnover volume and value respectively.

A total of 13,050 units of ETP valued at N930,262.30 were traded this week in 17 deals compared with a total of 101,876 units valued at N1.732 million transacted last week in 19 deals, even as 61,298 units of Bonds valued at N61.267 million were traded this week in 26 deals compared with a total of 216,675 units valued at N215.720 million transacted last week in 44 deals.

Similarly, all other indices finished higher with the exception of NGX Oil/Gas and NGX Growthindices which depreciated by 1.05 per cent and 0.17 per cent respectively, while the NGX ASeM, NGX-AFR Bank Value Index, and NGX Sovereign Bond Indices closed flat.

A total of 43 equities appreciated in price during the week, higher than 33 in the previous week, even as 26 equities depreciated in price lower than 37 in the previous week, while 87 remained unchanged higher than
85 recorded in the previous week.