NGX down 0.86% for the week

The NGX All-Share Index and Market Capitalization depreciated by 0.86 per cent to close the week
at 38,921.78 and N20.279 trillion respectively.

All indices finished lower with the exception of NGX Consumer Goods, NGX Oil/Gas and NGX Sovereign Bond indices which appreciated by 0.18%, 2.28% and 0.26% respectively, while the NGX ASeM, NGX Industrial Goods and NGX Growth Indices closed flat.

A total of 25 equities appreciated in price during the week, lower than 26 in the previous week,even as 34 equities depreciated in price, lower 36 in the previous week, while 97 equities remained unchanged higher than 94 recorded in the previous week.

A total turnover of 1.426 billion shares worth N13.073 billion in 19,315 deals were traded thisweek by investors on the floor of the Exchange, in contrast to a total of 1.338 billion shares valued at N8.650 billion that exchanged hands last week in 19,830 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.136 billion shares valued at N8.201 billion traded in 10,700 deals; thus contributing 79.68% and 62.73% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 76.520 million shares worth N1.383 billion in 3,076 deals. The third place was Conglomerates, with a turnover of 58.222 million shares worth N186.293 million in 769 deals.

Trading in the top-three equities namely FBN Holdings Plc, Access Bank Plc and Wema Bank Plc (measured by volume) accounted for 626.756 million shares worth N4.458 billion in 2,802 deals, contributing 43.95% and 34.10% to the total equity turnover volume and value respectively.

A total of 2,016 units of ETP valued at N537,038.08 were traded this week in 10 deals compared with a total of 54,468 units valued at N2.603 million transacted last week in 19 deals Bonds segment of the market traded a total of 93,019 units valued at N99.809 million this week in 39 deals compared with a total of 100,152 units valued at N99.670 million transacted last week in 27 deals.