Nigerian bourse up 0.46% in four-trading day week

The NGX All-Share Index and Market Capitalization appreciated by 0.46 per cent to close the week at 47,569.04 and N25.910 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX Premium, NGX Consumer Goods and NGX Oil & Gas which depreciated by 0.10 per cent, 0.74 per cent and 2.13 per cent respectively. The NGX ASeM and NGX Growth indices closed flat.

A total of 25 equities appreciated in price during the week, higher than 11 in the previous week, even as 24 equities depreciated in price lower than 46 in the previous week, while 108 equities remained unchanged higher than 100 equities recorded in the previous week.

A total of 1,192 units of ETP valued at N2.087 million were traded this week in 28 deals compared with a total of 1,667 units valued at N264,986.25 transacted last week in 19 deals.

Also a total of 13,882 units of Bonds valued at N13.879 million were traded this week in 12 deals compared with a total of 4,649 units valued at N4.768 million transacted last week 16 deals.

A total turnover of 491,815 million shares worth N11.922 billion in 14,350 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 586.939 million shares valued at N8.837 billion that exchanged hands last week in 17,183 deals.

The Financial Services Industry (measured by volume) led the activity chart with 346.661million shares valued at N3.757 billion traded in 7,427 deals; thus contributing 70.49% and 31.51% to the total equity turnover volume and value respectively.

The ICT Industry followed with 40.475 million shares worth N3.982 billion in 1,060 deals. The third place was the Conglomerates Industry, with a turnover of 20.313 million shares worth N28.929 million in 356 deals.

Trading in the top three equities namely Guaranty Trust Holding Company Plc, Mutual Benefits Assurance Plc and FBN Holdings Plc. (measured by volume) accounted for 211.080 million shares worth N2.478 billion in 2,834 deals, contributing 42.92% and 20.78% to the total equity turnover volume and value respectively.

The Market opened for four trading days this week as the Federal Government of Nigeria declared Monday 10th October 2022 a Public Holiday to commemorate 2022 Eid-el-Maulud celebration.