Investors stake N22.83bn  on NGX for the week

A total turnover of 2.973 billion shares worth N22.828 billion in 23,765 deals was traded this week by investors on the floor of the Nigerian Exchange Limited, in contrast to a total of 14.029 billion shares valued at N59.007 billion that exchanged hands last week in 24,048 deals.

The Market opened for four trading days this week as the Federal Government of Nigeria declared Monday 1st May, 2023 as Public Holidays to mark the Workers’ Day celebration.

The Financial Services Industry (measured by volume) led the activity chart with 1.458 billion shares valued at N14.082 billion traded in 13,115 deals; thus contributing 49.04% and 61.69% to the total equity turnover volume and value respectively. The Conglomerates

Industry followed with 1.254 billion shares worth N3.123 billion in 1,662 deals. The third place was the Consumer Goods Industry, with a turnover of 71.425 million shares worthN1.468 billion in 3,177 deals.

Trading in the top three equities namely Transnational Corporation Plc, Access Holdings Plc and Fidelity Bank Plc, (measured by volume) accounted for 2.074 billion shares worth N11.297 billion in 5,966 deals, contributing 69.76% and 49.49% to the total equity turnover volume and value respectively

For the week, the NGX All-Share Index and Market Capitalization appreciated by 0.12% to close the week at 52,465.31 and N28.568 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX Main Board, NGX 30, MERI Growth, and NGX Growth which depreciated by 0.61%, 0.32%, 0.62%, and 8.96% respectively while the NGX ASeM and NGX Sovereign Bond indices closed flat

A total of 51 equities appreciated in price during the week higher than 49 equities in the previous week, even as 26 depreciated in price higher than 17 in the previous week, while 79 equities remained unchanged, higher than 90 recorded in the previous week.

A total of 19,259 units of ETP valued at N2.737 million were traded this week in 44 deals compared with a total of 2,385 units valued at N643,140.13 transacted last week in 39 deals.

The Bonds sector recorded a total of 49,861 units valued at N51.972 million were traded this week in 11 deals compared with a total of 23,782 units valued at N23.592 million transacted last week in 15 deals.