NGX closes the week positive as Index up 0.81%

The NGX All-Share Index and Market Capitalization appreciated by 0.81 per cent to close the week at 44,269.18 and N24.112 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX-Main Board, NGX CG, NGX Banking, NGX Pension, NGX Insurance, NGX-AFR Bank Value, NGX MERI Value, NGX Consumer Goods, NGX Oil & Gas and NGX Sovereign Bond indices which depreciated by 0.44%, 0.27%, 1.87%, 0.44%, 1.35%, 0.79% 0.98% 2.32%, 5.37% and 1.36% respectively, while the NGX ASeM and NGX Growth indices closed flat.

A total 20 equities appreciated in price during the week, lower than 29 equities in the previous week, even as 43 depreciated in price higher than 31 in the previous week, while 94 equities remained unchanged lower than 97 recorded in the previous week.

A total turnover of 1.410 billion shares worth N15.510 billion in 19,025 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 598.817 million shares valued at N14.234 billion that exchanged hands last week in 15,859 deals.

The Financial Services Industry (measured by volume) led the activity chart with 804.570 million shares valued at N6.300 billion traded in 9,922 deals; thus contributing 57.04% and 40.62% to the total equity turnover volume and value respectively. The Agriculture Industry followed with 357.623 million shares worth N287.992 million in 560 deals. The third place was the Conglomerates Industry, with a turnover of 68.309 million shares worth N97.051 million in 530 deals.

Trading in the top three equities namely Access Holdings Plc, FTN Cocoa Processors Plc and Fidelity Bank Plc. (measured by volume) accounted for 800.622 million shares worth N3.373 billion in 2,051 deals, contributing 56.76% and 21.75% to the total equity turnover volume and value respectively.

Investors traded a total of 4,577 units of ETP valued at N531,565.05 were traded this week in 28 deals compared with a total of 6,744 units valued at N1.725 million transacted last week in 26 deals.

Also, a total of 121,712 units of Bonds valued at N119.220 million were traded in the week in 16 deals compared with a total of 1,963 units valued at N1.736 million transacted last week 6 deals.