Weekly Review: NGX Transacts 7.772bn Shares, Gains N3.35trn
The Nigerian Exchange Ltd. (NGX) All-Share Index and market capitalisation rose by 2.27 per cent and 2.13 per cent, respectively, to close the week at 250,330.92 points and N160.444 trillion.
This compares with 244,775.83 points and N157.094 trillion recorded in the previous week. Analysis of market performance showed that investors gained N3.350 trillion as the market recorded three bullish sessions and two bearish sessions during the week.
Similarly, all other indices closed higher except the NGX Oil and Gas Index, NGX Sovereign Bond Index, and NGX Commodity Index, which declined by 1.19 per cent, 0.08 per cent, and 0.80 per cent, respectively.
Meanwhile, investors traded a total of 7.772 billion shares worth N374.040 billion in 402,945 deals on the floor of the Exchange. This is against 7.075 billion shares valued at N324.351 billion traded in 474,436 deals last week.
The Financial Services Industry dominated the activity chart with 4.774 billion shares valued at N196.352 billion traded in 153,515 deals.
The sector contributed 61.43 per cent and 52.49 per cent to the total equity turnover volume and value, respectively.
The ICT Industry followed with 1.118 billion shares worth N57.825 billion traded in 44,622 deals. Third was the Services Industry, with 601.745 million shares valued at N6.984 billion traded in 27,653 deals.
Trading in the top three equities, First HoldCo Plc, United Bank for Africa Plc, and CHAMS Holding Company Plc, accounted for 2.195 billion shares worth N99.820 billion in 30,056 transactions.
This contributed 28.24 per cent and 26.69 per cent to total equity turnover volume and value, respectively. A total of 74 equities advanced during the week, higher than 69 recorded in the previous week.
Twenty-four equities declined, lower than 36 recorded in the preceding week, while 48 equities remained unchanged, higher than 41 recorded previously.
Berger Paints Nigeria Plc, SCOA Nigeria Plc, DAAR Communications Plc, Fidson Healthcare Plc, and Learn Africa Plc led the gainers’ chart for the week.
On the losers’ chart, Zichis Agro Allied Industries Ltd, The Initiates Plc, NPF Microfinance Bank Plc, NCR Nigeria Plc and Custodian Investment Plc recorded the highest losses for the week. #Weekly Review: NGX Transacts 7.772bn Shares, Gains N3.35trn#
