Nigerian bourse up 2.61% for the week

The NGX All-Share Index and Market Capitalization appreciated by 2.61 per cent to close the week at 50,935.03 and N27.460 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX Insurance, NGX Afr. Bank value, NGX Meri value, NGX Oil/Gas, NGX Growth and NGX Sovereign which depreciated by 1.98 per cent, 1.68 per cent, 0.60 per cent, 1.10 per cent, 6.52 per cent, and 0.09 per cent while, NGX Asem Index closed flat.

It would be recalled that the Market opened for three trading days as The Federal Government of Nigeria declared Monday 2nd May and 3rd May, 2022 as Public holidays to commemorate Workers Day and Eid-el-Fitri celebrations.

A total turnover of 1,598 billion shares worth N19.603 billion in 21,494 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 8.205 billion shares valued at N49.145 billion that exchanged hands last week in 28,622 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.057 billion shares valued at N7.727 billion traded in 8,670 deals; thus contributing 66.15% and 39.42% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 148.174 million shares worth N250.567 million in 852 deals. The third place was The Consumer Goods Industry, with a turnover of 145.471 million shares worth N5.226 billion in 4,557 deals.

Trading in the top three equities namely Union Bank Of Nigeria Plc, FCMB Group Plc and Transnational Corporation Plc (measured by volume) accounted for 547.576 million shares worth N2.330 billion in 957 deals, contributing 34.26% and 11.89% to the total equity turnover volume and value respectively.

A total of 147,708 units of ETP valued at N3.018 million were traded during the week in 19 deals compared with a total of 5,202 units valued at N320,564.37 transacted last week in 13 deals.

The Bonds sector traded a total of 13,800 units valued at N14.387 million were traded this week in 7 deals compared with a total of 45,531units valued at N48.070 million transacted last week in 19 deals.