NGX down 0.96% for the week

The NGX All-Share Index and Market Capitalization depreciated by 0.96% and 0.95% to
close the week at 53,804.46 and N29.310 trillion respectively.

Similarly, all other indices finished lower with the exception of NGX Premium, NGX

Insurance, NGX MERI Growth, NGX Consumer Goods, NGX Oil and Gas, NGX Industrial Goods and NGX Growth indices which appreciated by 0.54%, 1.18%, 0.44%, 0.67%, 0.91%, 0.06% and 7.15% respectively while the NGX ASeM and NGX Sovereign Bond indices closed flat.

A total of 36 equities appreciated in price during the week higher than 24 in the previous week, even as 27 equities depreciated in price lower than 45 in the previous week, while 94 equities remained unchanged, higher than 88 recorded in the previous week.

A total turnover of 751.990 million shares worth N20.575 billion in 15,822 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 944.293 million shares valued at N22.710 billion that exchanged hands last week in 18,615 deals.

The Financial Services Industry (measured by volume) led the activity chart with 508.517 million shares  valued at N6.212 billion traded in 6,877 deals; thus contributing 67.62% and 30.19% to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 86.346 million shares worth N4.806 billion in 2,562 deals. The third place was the Industrial Goods Industry, with a turnover of 34.305 million shares worth N3.635 billion in 1,305 deals.

Trading in the top three equities namely Guaranty Trust Holding Company Plc, United Bank for Africa Plc and FBN Holdings Plc. (measured by volume) accounted for 249.667 million shares worth N3.915 billion in 1,984 deals, contributing 33.20% and 19.03% to the total equity turnover volume and value respectively.

A total of 2,895 units of ETP valued at N452,808.58 were traded this week in 29 deals compared with a total of 16,674 units valued at N11.982 million transacted last week in 44 deals.

The Bonds sector traded a total of 24,298 units valued at N25.475 million were traded this week in 12 deals compared with a total of 45,882 units valued at N46.200 million transacted last week in 22 deals.