NGX up by 2.09 % for the week

The Nigerian Exchange Limited (NGX) All-Share Index and Market Capitalization appreciated by 2.09 per cent to close the week at 54,085.3 and N29.158 trillion respectively.

However, all other indices finished lower with the exception of the NGX-Main Board index which appreciated at 6.03 per cent, while, the NGX Asem and NGX Sovereign bond indices closed flat.

A total of 23 equities appreciated in price during the week, lower than 37 equities in the previous week, even as 54 equities depreciated in price, higher than 42  in the previous week, while 79) equities remained unchanged higher than 77 recorded in the previous week.

Also a turnover of 1.840 billion shares worth N27.286 billion in 27,273 deals was traded last week by investors on the floor of the NGX, in contrast to a total of 3.021 billion shares valued at N31.784 billion that exchanged hands upper week in 29,153 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.286 billion shares valued at N10.745 billion traded in 12,379 deals; thus contributing 69.90 per cent and 39.37 per cent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 251.105 million shares worth 1.659 billion in 1,371 deals. The third place was The Consumer Goods Industry, with a turnover of 105.601 million shares worth N2.522 billion in 4,263 deals.

Trading in the top-three equities namely Ecobank Transnational Incorporation, Jaiz Bank Plc and Access Holdings Plc (measured by volume) accounted for 640.650 million shares worth N4.825 billion in 2,098 deals, contributing 34.81 per cent and 17.68 per cent to the total equity turnover volume and value respectively.

A total of 26,718 units of ETP valued at N2.381 million were traded this week in 26 deals compared with a total of 141,582 units valued at N3.107 million transacted last week in 17 deals.

Investors traded a total of 157,574 units of Bonds valued at N164.735 million this week in 22 deals compared with a total of 31,003 units valued at N33.165 million transacted upper week in 11.deals.