NGX closes the week positive adding 0.37%

The NGX All-Share Index and Market Capitalization appreciated by 0.37 per cent to close the week at 71,112.99 and N39.108 trillion respectively. Similarly, all other indices finished higher with the exception of NGX Main Board, NGX Banking, NGX Industrial Goods and NGX Sovereign Bond which depreciated by 0.11%, 0.04%, 1.18% and 0.27% respectively while the NGX ASeM index closed flat.

A total of 54 equities appreciated in price during the week higher than 37 in the previous week, even 30 equities depreciated in lower than 43 in the previous week, while 72 remained unchanged, lower than 75 recorded in the previous week.

A total turnover of 2.025 billion shares worth N27.693 billion in 32,763 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.525 billion shares valued at N45.297 billion that exchanged hands last week in 32,815 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.202 billion shares valued at N11.481 billion traded in 12,775 deals; thus contributing 59.38% and 41.46% to the total equity turnover volume and value respectively.

The Oil and Gas Industry followed with 328.656 million shares worth N3.163 billion in 4,713 deals. The third place was the Services Industry, with a turnover of 131.249 million shares worth N539.745 million in 2,263 deals.

Trading in the top three equities namely Japual Gold and Venture Plc, Fidelity Bank Plc and Jaiz Bank Plc (measured by volume) accounted for 488.181 million shares worth N1.967 billion in 3,136 deals, contributing 24.11% and 7.10% to the total equity turnover volume and value respectively.

A total of 36,548 units of ETS valued at N4.610 million were traded last week in 95 deals compared with a total of 32,861 units valued at N4.458 million transacted last week in 143 deals.

Bonds sector recorded a total of 87,570 units valued at N80.851 million were traded in the week in 54 deals compared with a total of 62,233 units valued at N65.981 million transacted last week in 16 deals.