Nigerian bourse up 0.78% for the week

The NGX All-Share Index and Market Capitalization appreciated by 0.78 per cent to close the week at 41,763.26 and N21.794 trillion respectively.

However, all other indices finished lower with the exception of NGX Main Board, NGX 30, NGX Banking, NGX Oil/Gas, NGX Industrial Goods and NGX Sovereign Bond indices which appreciated by 1.64%, 0.80%, 0.69%, 1.40%, 2.59% and 0.03% respectively, while the NGX
ASeM Index closed flat.

The market opened for four trading days this week as the Federal Government of Nigeria declared Tuesday 19th October 2021 a Public Holiday to commemorate the Islamic festival of
Eid-il-Maulud.

Meanwhile, a total turnover of 1.565 billion shares worth N18.384 billion in 21,621 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 2.838 billion
shares valued at N31.653 billion that exchanged hands last week in 23,355 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.179 billion shares valued at N12.746 billion traded in 13,272 deals; thus contributing 75.38% and 69.33%
to the total equity turnover volume and value respectively. The ICT Industry followed with 131.585 million shares worth N2.151 billion in 636 deals.
The third place was Conglomerates Industry, with a turnover of 110.828 million shares worth N 262.227 million in 928 deals.

Trading in the top three equities namely FBN Holdings Plc, E-Tranzact International Plc and Access Bank Plc (measured by volume) accounted for 626.888 million shares worth N6.303
billion in 3,677 deals, contributing 40.07% and 34.29% to the total equity turnover volume and value respectively

A total of 549 units of ETP valued at N10,680 were traded this week in 7 deals compared with a total of 135,084 units valued at N2.041 million transacted last week in 17 deals.

The Bonds market traded a total of 12,256 units valued at N12.227 million were traded this week in 19 deals compared with
a total of 19,603 units valued at N21.192 million transacted last week in 19 deals.

A total of 34 equities appreciated in price during the week, lower than 42 in the previous week even as 36 equities depreciated in price, higher than fifteen (15) equities in
the previous week, 86 remained unchanged lower than 95 equities recorded in the previous week.