Nigerian bourse adds 0.11% for the week

The NGX All-Share Index and Market Capitalization appreciated by 0.11 per cent and 0.49 per cent to close the week at 66,454.57 and N36.510 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX CG, NGX Premium NGX Insurance, NGX Lotus ll, NGX Industrial Goods, NGX Growth and NGX Sovereign Bond which depreciated by 0.23%, 4.90%, 3.11%, 0.60%, 1.38%, 1.55% and 0.02% respectively while the NGX ASeM and NGX Oil and Gas indices closed flat.

The market opened for four trading days this week as the Federal Government of Nigeria declared Monday October 2, 2023 as Public Holiday to commemorate the 2023 Independence Day celebration.

A total turnover of 2.410 billion shares worth N22.115 billion in 27,965 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.339 billion shares valued at N17.916 billion that exchanged hands last week in 27,874 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.261 billion shares valued at N9.660 billion traded in 12,897 deals; thus contributing 52.31% and 43.68% to the total equity turnover volume and value respectively. The Healthcare Industry followed with 667.197 million shares worth N1.092 billion in 437 deals. The third place was the Oil and Gas Industry, with a turnover of 162.005 million shares worth N1.778 billion in 2,612 deals.

Trading in the top three equities namely Neimeth International Pharmaceutical Plc, Universal Insurance Plc and Fidelity Bank Plc (measured by volume) accounted for 1.213 billion shares worth N2.322 billion in 1,095 deals, contributing 50.35% and 10.50% to the total equity turnover volume and value respectively.

A total of 898,301 units of ETP valued at N25.895 million were traded this week in 107 deals compared with a total of 19,020 units valued at N2.007 million transacted last week in 91 deals.

The Bonds Sector recorded traded a total of 46,199 units valued at N46.064 million were traded this week in 23 deals compared with a total of 80,697 units valued at N82.919 million transacted last week in 15 deals.