Nigerian bourse down 3.41% for the week
The NGX All-Share Index depreciated by 3.41 per cent to close the week at 47,351.43 while Market Capitalization depreciated by 2.50 per cent to close the week at N25.791 trillion.
Similarly, all other indices finished lower with the exception of the NGX ASeM, NGX Growth and NGX Sovereign Bond indices which closed flat.
A total of 11 equities appreciated in price during the week, lower than 25 equities in the previous week, even as 46 equities depreciated in price higher than 33 in the previous week, while 100 equities remained unchanged higher than 98 recorded in the previous week.
The market opened for four-trading day week as the Federal Government of Nigeria declared Monday 3rd October 2022 a Public Holiday to mark the Nations 62nd Independence Anniversary.
A total turnover of 586.939 million shares worth N8.837 billion in 17,183 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.005 billion shares valued at N10.406 billion that exchanged hands in the week in 17,844 deals.
The Financial Services Industry (measured by volume) led the activity chart with 393.814 million shares valued at N4.660 billion traded in 9,168 deals; thus contributing 67.1% and 52.73% to the total equity turnover volume and value respectively.
The ICT Industry followed with 48.178 million shares worth N1.203 billion in 1,294 deals. The third place was the Conglomerates Industry, with a turnover of 40.135 million shares worth N44.406 million in 513 deals.
Trading in the top three equities namely Guaranty Trust Holding Company Plc, Sterling Bank Plc and Zenith Bank Plc. (measured by volume) accounted for 239.637 million shares worth N3.546 billion in 4,375 deals, contributing 40.83% and 40.13% to the total equity turnover volume and value respectively.
A total of 1,667 units of ETP valued at N264,986.25 were traded this week in 19 deals compared with a total of 5,937 units valued at N21.716 million transacted last week in 18 deals.
Also, the Bonds sector traded a total of 4,649 units valued at N4.768 million in the week in 16 deals compared with a total of 35,327 units valued at N35.758 million transacted last week 21 deals.
