Investors stake N27bn on shares at NGX for the week

A total turnover of 2.630 billion shares worth N26.900 billion in 20,848 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.278 billion shares valued at N17.340 billion that exchanged hands last week in 21,052 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.234 billion shares valued at N21.449 billion traded in 11,482 deals; thus contributing 84.95per cent and 79.73 per cent to the total equity turnover volume and value respectively.

The Services Industry followed with 157.089 million shares worth N695.798 million in 465 deals. The third place was The Consumer Goods Industry, with a turnover of 71.016 million shares worth N1.708 billion in 3,019 deals.

Trading in the top three equities namely FBN Holdings Plc, Sterling Bank Plc and C & I Leasing Plc (measured by volume) accounted for 1.607 billion shares worth N14.751 billion in 1,646 deals, contributing 61.13 per cent and 54.84 per cent to the total equity turnover volume and value respectively.

A total of 47 units of ETP valued at N208,310.73 were traded in the week in 6 deals compared with a total of 13,481 units valued at N714,329.90 transacted last week in 15 deals, even as the Bonds sector a total of 32,269 units valued at N32.476 million were traded this week in 17 deals compared with a total of 3,344 units valued at N3.603 million transacted last week in 7 deals.

The NGX All-Share Index and Market Capitalization depreciated by 0.68 per cent to close the week at 41,882.97 and N21.854 trillion respectively.

All other indices finished higher with the exception of NGX 30, NGX Premium, NGX Lotus II and NGX Industrial Goods indices which depreciated by 0.54 per cent, 2.25 per cent, 1.31 per cent and 5.42 per cent respectively while the NGX ASeM, NGX AFR Div Yield, and NGX Sovereign Bond Indices closed flat.

A total of 35 equities appreciated in price during the week, higher than 18 in the previous week, even as 27 equities depreciated in price, lower than 49 in the previous week, while 94 remained unchanged higher than 89 recorded in the previous week.