NGX up 0.66% to close the week at 42,038.60

The NGX All-Share Index and Market Capitalization appreciated by 0.66 per cent to close the week at 42,038.60 and N21.938 trillion respectively.

All other indices finished higher with the exception of NGX CG and NGX Meri Value indices which depreciated by 0.04 per cent and 2.20 per cent respectively, while the NGX ASeM and NGX Growth
Indices closed flat.

Turnover of 3.001 billion shares worth N34.547 billion in 25,932 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.565 billion shares valued at N18.384 billion that exchanged hands last week in 21,621 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.600 billion shares valued at N15.608 billion traded in 14,065 deals; thus contributing 53.33% and 45.18% to the total equity turnover volume and value respectively.

The Oil and Gas Industry followed with 845.699 million shares worth N11.725 billion in 1,706 deals. The third place was Conglomerates Industry, with a turnover of 220.120 million shares worth N335.235 million in 1,238 deals.

Trading in the top three equities namely Eterna Plc, FBN Holdings Plc, and Transnational Corporation Of Nigeria Plc (measured by volume) accounted for 1.731 billion shares worth  N19.681 billion in 4,207 deals, contributing 57.66% and 56.97% to the total equity turnover volume and value respectively.

A total of 186,360 units of ETP valued at N3.251 million were traded this week in 16 deals compared with a total of 549 units valued at N10,680 transacted last week in 7 deals.

Bonds market recorded a total of 47,577 units valued at N50.350 million this week in 32 deals compared with a total of 12,256 units valued at N12.227 million transacted last week in 19 deals.

A total of 47 equities appreciated in price during the week, higher than 34 in the previous week, even as 25 equities depreciated in price, 36 equities in the previous week, while 84 equities remained unchanged lower than eighty-six 86 recorded in the previous week.