NGX up by 1.12% for the week

The NGX All-Share Index and Market Capitalization appreciated by 1.12 per cent and 1.16 per cent to close
the week at 42,353.31 and N22.107 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX Main Board, NGX Banking, NGX AFR Bank Value, NGX AFR Div Yield, NGX MERI Growth and NGX Oil/Gas indices which depreciated by 0.22 per cent, 1.82 per cent, 2.23 per cent, 0.08 per cent, 0.85 per cent and 0.57 per cent respectively while the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat.

A total 32 equities appreciated in price during the week, lower than 35 equities in the previous week, while 28 equities depreciated in price, higher than 27 in the previous week, even as 96 remained unchanged higher than
94 recorded in the previous week.

A total of 20 units of ETP valued at N231.30 were traded this week in 2 deals compared with a total of
47 units valued at N208,310.73 transacted last week in 6 deals.

The Bonds sector trade a total of 15,560 units valued at N15.985 million in the week in 11 deals compared with
a total of 32,269 units valued at N32.476 million transacted upper week in 17 deals.

A total turnover of 1.317 billion shares worth N15.330 billion in 18,292 deals were traded in the week by investors on the floor of the Exchange, in contrast to a total of 2.630 billion shares valued at N26.900 billion that exchanged hands last week in 20,848 deals.

The Financial Services Industry (measured by volume) led the activity chart with 899.768 million shares valued at N7.325 billion traded in 9,326 deals; thus contributing 68.32% and 47.78% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 209.502 million shares worth N2.796 billion in 2,866 deals. The third place was The Conglomerates Industry, with a turnover of 93.813 million shares worth
N663.135 million in 485 deals.

Trading in the top three equities namely FBN Holdings Plc, International Breweries Plc and Access Bank Plc (measured by volume) accounted for 469.879 million shares worth N4.170 billion in 1,958 deals, contributing 35.68% and 27.20% to the total equity turnover volume and value respectively.