Nigerian bourse opens the year positive as Index grows by 2.66%

The NGX All-Share Index and Market Capitalization opened the year on the positive note as they appreciated by 2.66 per cent and 5.97 per cent to close the week at 43,854.42 and N23.628 trillion respectively.

Also, all other indices finished higher with the exception of NGX Premium, NGX insurance, NGX AFR Div Yield, NGX Meri Growth, NGX Consumer Goods, NGX Lotus II Indices, which depreciated by 0.47%, 0.93%, 0.97%,0.66%, 0.87%, and 0.12% respectively while the NGX ASem and NGX Sovereign bond indices closed flat.

A total mof 40 equities appreciated in price during the week, higher than 37 in the previous week, even as 31equities depreciated in price, higher than 21 in the previous week, while 84 remained unchanged compared to
99 equities recorded in the previous week.

Meanwhile, a total turnover of 2.027 billion shares worth N59.014 billion in 15,750 deals was traded
this week by investors on the floor of the Exchange, in contrast to a total of 995.361 million shares
valued at N13.209 billion that exchanged hands last week in 10,264 deals.

The market opened for four trading days this week as the Federal Government of Nigeria declared
Monday 3rd January 2022 a Public Holiday to mark the New Year celebrations.

The Consumer Goods Industry led the activity chart with 1.255 billion shares valued at N 51.973 billion traded in 2,581deals; thus contributing 61.90% and 88.07% to the total equity turnover volume and value respectively. The Financial Services Industry followed with 537.959 million shares worth N 4.627 billion in 8,015 deals.

The third place was The ICT Industry, with a turnover of 76.906 million shares worth N704.346 million in 933 deals.

Trading in the top-three equities namely BUA Foods Plc, Wema Bank Plc, and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 1.349 billion shares worth N51.253 billion in 1,120 deals, contributing 67% and 86.85 % to the total equity turnover volume and value

A total of 11,926 units of ETP valued at N894,080.79 were traded this week in 26 deals compared with a total of 1,419 units valued at N54,185.84 transacted last week in 17 deals.

Similarly, a total of 50,225 units of Bomds valued at N50.792 million were traded this week in 13 deals compared with a total of 7,718 units valued at N8.003 million transacted last week in 6 deals.