Total Value of Equities Transactions on NGX Rises by 5.73%
Stock market investors traded 3.117 billion shares worth N90.295 billion in 118,018 transactions on the Exchange during the week just ended. This compares with 3.199 billion shares valued at N85.399 billion exchanged last week in 142,477 deals.
Consequently, the total value of transactions increased by 5.73 per cent week-on-week. The market opened for four trading days, as the Federal Government declared Friday, Sept. 5, a public holiday for Eid el Maulud.
The Financial Services Industry led activity with 2.542 billion shares worth N30.357 billion traded in 52,390 transactions. This represented 81.55 per cent and 33.62 per cent of the total equity turnover volume and value respectively.
The Services Industry followed with 114.610 million shares worth N816.381 million in 6,098 deals. In third place was the Consumer Goods Industry, recording 105.452 million shares worth N5.492 billion in 13,346 transactions.
Trading in Sovereign Trust Insurance, Access Holdings and Fidelity Bank accounted for 1.685 billion shares worth N9.813 billion in 9,367 deals. This represented 54.05 per cent and 10.87 per cent of the total equity turnover volume and value respectively.
The NGX All-Share Index and Market Capitalisation fell by 0.94 per cent, closing at 138,980.01 and N87.937 trillion respectively. Similarly, all other indices closed lower except NGX Growth and NGX Commodity, which gained 0.15 per cent and 0.04 per cent respectively. NGX ASeM index closed flat.
Nineteen equities appreciated in price during the week, compared with 32 in the previous week. Sixty-four equities declined, higher than 57 recorded last week, while 64 remained unchanged, also higher than 57 previously recorded.
Sovereign Trust Insurance, Secure Electronic Technology, Cornerstone Insurance, NCR Nigeria and SCOA Nigeria led the gainers, appreciating by 14.23, 12.94, 12.36, 9.96 and 9.83 per cent respectively.
Their share prices rose by 37k, 11k, 79k, N1.15 and 59k respectively. The top five losers were DAAR Communications, UPDC, AIICO Insurance, Champion Breweries and PZ Cussons Nigeria, which shed 23k, 90k, 55k, N2.30 and N4.90 respectively. #Total Value of Equities Transactions on NGX Rises by 5.73% First Holdco Slides, Investors Return Underperforms Benchmark
