NGX rises in value for the week by 2.96%

The NGX All-Share Index and Market Capitalization appreciated by 2.95 per cent to close the week at 43,253.01 and N22.572 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX Banking, NGX Insurance, NGX-AFR Bank Value, NGX AFR Div Yield, NGX MERI Growth, NGX Oil/Gas and NGX Industrial Goods indices which depreciated by 1.13%, 2.25%, 1.83%, 0.44%, 0.80%, 0.69% and 0.01% respectively, while the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat.

A total of 27 equities appreciated in price during the week, higher than 23 in the previous week, even as 36 equities depreciated in price, lower than  43 in the previous week, while 93 equities remained unchanged higher than 90 recorded in the previous week.

A total turnover of 1.471 billion shares worth N20.941 billion in 20,410 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.428 billion shares
valued at N12.373 billion that exchanged hands last week in 23,987 deals.

The Financial Services Industry (measured by volume) led the activity chart with 996.555 million shares valued at N10.279 billion traded in 10,565 deals; thus contributing 67.74% and 49.09% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 203.251 million shares worth N1.204 billion in 834 deals. The third place was Consumer Goods Industry, with a turnover of 105.410 million shares worth N3.217 billion in 2,789 deals.

Trading in the top-three equities namely FBN Holdings Plc, Sterling Bank Plc and UACN Plc(measured by volume) accounted for 519.011 million shares worth N4.057 billion in 1,787 deals, contributing 35.28% and 19.37% to the total equity turnover volume and value respectively.

A total of 23,297 units of ETP valued at N792,386.34 were traded this week in 34 deals compared with a total of 252,857 units valued at N3.830 million transacted last week in 31 deals.

The Bonds segment witnessed a total of 56,655 units valued at N60.795 million this week in 26 deals compared with
a total of 32,626 units valued at N33.332 million transacted last week in 16 deals.