NGX down 6.67% for the week

The NGX All-Share Index and Market Capitalization depreciated by 6.67 per cent to close the week at 44,396.73 and N24.182 trillion respectively.

Similarly, all other indices finished lower with the exception of NGX CG, NGX Banking, NGX Pension, NGX AFR Bank, NGX AFR Div Yield, NGX MERI Growth, NGX MERI Value and NGX Industrial which appreciated by 0.17%, 0.15%, 0.58%, 2.10%, 2.45%, 1.22%, 3.12% and 3.22% respectively, while the NGX ASeM, NGX Growth and NGX Sovereign Bond indices closed flat.

A total of 33 equities appreciated in price during the week, higher than 25 in the previous week, even as 29 depreciated in price higher than 24 in the previous week, while 95 equities remained unchanged lower than 108 equities recorded in the previous week.

A total turnover of 938.020 million shares worth N16.701 billion in 15,700 deals was traded in the week by investors on the floor of the Exchange, in contrast to a total of 491.815 million shares valued at N11.922 billion that exchanged hands last week in 14,350 deals.

The Financial Services Industry (measured by volume) led the activity chart with 501.278 million shares valued at N5.080 billion traded in 8,279 deals; thus contributing 53.44% and 30.42% to the total equity turnover volume and value respectively. The ICT Industry followed with 316.347 million shares worth N8.729 billion in 1,249 deals. The third place was the Oil and Gas Industry, with a turnover of 28.244 million shares worth N983.561 million in 846 deals.

Trading in the top three equities namely CWG Plc, Guaranty Trust Holding Company Plc and Fidelity Bank Plc. (measured by volume) accounted for 490.324million shares worth N2.905 billion in 2,860 deals, contributing 52.27% and 17.39% to the total equity turnover volume and value respectively.

A total of 6,524 units of ETP valued at N458,786.20 were traded this week in 20 deals compared with a total of 1,192 units valued at N2.087 million transacted last week in 28 deals. Also, a of  total of 14,672 units of Bonds valued at N14.269 million were traded this week in 8 deals compared with a total of 13,882 units valued at N13.879 million transacted last week 12 deals.