Equities Market Down By 0.22% In One Week

The equities market of the Nigerian Exchange Limited (NGX) depreciated by 0.22 per cent, as the NGX All-Share Index (ASI) and Market Capitalization t closed last week at 52,979.96 and N28.562 trillion, respectively.

Also, all other indices finished lower except NGX-Main Board, NGX Insurance, NGX MERI Growth and NGX Oil/Gas indices which appreciated at 1.60 per cent; 3.63 per cent, 0.14 per cent and 0.30 per cent while, the NGX Asem index and NGX Sovereign bond closed flat.

A total of 141,582 units valued at N3.107 million were traded this week in 17 deals compared with a total of 175,506 units valued at N6.803 million transacted last week in 36 deals.

Although, 37 equities appreciated during the week under review, which was lower than 50 in the previous week, even 42 equities depreciated, higher than 32 equities in the previous week, while 77 remained unchanged higher than 74 equities recorded in the previous week.

The market recorded a total turnover of 3.021 billion shares worth N31.784 billion in 29,153 deals traded by investors on the floor of the Exchange, in contrast to a total of 1.816 billion shares valued at N27.194 billion that were exchanged last week in 36,286 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.244 billion shares valued at N12.399 billion traded in 10,817 deals; thus contributing 74.30 per cent and 39.01 per cent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 345.806 million shares worth N558.873 million in 1,676 deals. The third place was The Consumer Goods Industry, with a turnover of 149.009 million shares worth N2.750 billion in 5,632 deals.

Trading in the top three equities namely FCMB Group Plc, Jaiz Bank Plc and Transnational Corporation Plc (measured by volume) accounted for 1.698 billion shares worth N4.095 billion in 2,188 deals, contributing 56.21 per cent and 12.88 per cent to the total equity turnover volume and value respectively.

A total of 31,003 units of Bonds valued at N33.165 million were traded this week in 11 deals compared with a total of 43,629 units valued at N48.535 million transacted last week in 33 deals.

ETP traded a total of 141,582 units valued at N3.107 million this week in 17 deals compared with a total of 175,506 units valued at N6.803 million transacted last week in 36 deals.