NGX closes weak for the week, depreciating by 0.42%

The NGX All-Share Index and Market Capitalization depreciated by 0.42 per cent to close the week at 66,915.41 and N36.764 trillion respectively.

Similarly, all other indices finished lower with the exception of NGX CG, NGX Premium, NGX Banking, NGX AFR Bank Value, NGX AFR Div. Yield, NGX MERI Value and NGX Sovereign Bond which appreciated by 0.47%, 0.54%, 3.52%, 1.82%, 3.24%, 2.99% and 3.08% respectively while the NGX ASeM index closed flat.

A total of 28 equities appreciated in price during the week lower than 38 equities in the previous week, even as 46 equities depreciated in higher than 33 in the previous week, while 83 remained unchanged, lower than 86 recorded in the previous week.

A turnover of 1.496 billion shares worth N24.284 billion in 29,298 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 1.470 billion shares valued at N24.431 billion that exchanged hands last week in 29,683 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.047 billion shares valued at N12.709 billion traded in 13,667 deals; thus contributing 69.99% and 52.34% to the total equity turnover volume and value respectively. The ICT Industry followed with 94.997 million shares worth N1.445 billion in 1,982 deals.

The third place was the Conglomerates Industry, with a turnover of 80.655 million shares worth N526.409 million in 1,459 deals.

Trading in the top-three equities namely United Bank for Africa Plc, Fidelity Bank Plc and Access Holdings Plc (measured by volume) accounted for 447.125 million shares worth N6.488 billion in 4,913 deals, contributing 29.88% and 26.72% to the total equity turnover volume and value respectively.

A total of 7,100 units of ETP valued at N1.124 million were traded in the week in 66 deals compared with a total of 13,290 units valued at N3.526 million transacted last week in 108 deals.

The Bonds sector traded a total of 187,866 units valued at N196.534 million were traded this week in 28 deals compared with a total of 52,703 units valued at N54.688 million transacted last week in 32 deals.