NGX rises by 1.39% for the week

The NGX All-Share Index and Market Capitalization appreciated by 1.39 per cent and 1.54 per cent to close the week at41,438.15  and N21.625 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX ASeM Index which closed flat.

A total 45 equities appreciated in price during the week, higher than 42 in the previous week as 15 equities depreciated in price, lower than 26 recorded in the previous week, while 95 remained unchanged higher than 87 equities recorded in the previous week.

A turnover of 2.838 billion shares worth N31.653 billion in 23,355 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 2.179 billion shares valued at N21.963 billion that exchanged hands last week in 22,438 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.428 billion
shares valued at N26.442 billion traded in 13,884 deals; thus contributing 85.56% and 83.54%
to the total equity turnover volume and value respectively.

The Consumer Goods followed with 170.407 million shares worth N1.653 billion in 3,350 deals. The third place was Conglomerates
Industry, with a turnover of 68.996 million shares worth N133.382 million in 625 deals.

Trading in the top-three equities namely FBN Holdings Plc, Guaranty Trust Holding Company Plc and Ecobank Transnational Incorporated Plc (measured by volume) accounted for 1.834
billion shares worth N23.372 billion in 5,981 deals, contributing 64.61% and 73.84% to the total
equity turnover volume and value respectively.

A total of 135,084 units of ETP valued at N2.041 million were traded this week in 17 deals compared with a total of 260 units valued at N5,362.50 transacted last week in 2 deals.

The Bonds market traded 19,603 units valued at N21.192 million in 19 deals compared with a total of 62,005 units valued at N65.842 million transacted last week in 39 deals.