Equities market records 0.23% drop on all-share index

Nigeria’s equities market ended the trading session of the week with a 0.26% and 0.23% drop on All-Share Index and Market Capitalization to close at 46,842.86 and N25,253 trillion respectively.

Similarly, all other indices finished lower with the exception of NGX Premium, NGX Lotus II and NGX Sovereign bond indices which appreciated by 1.31%, 1.38% and 0.56% respectively.

While NGX Asem and NGX Growth indices closed flat.
A total turnover of 1.289 billion shares worth N13.546 billion in 22,118 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.176 billion shares valued at N16.601 billion that exchanged hands last week in 21,076 deals.

Sectoral Performance
The Financial Services Industry (measured by volume) led the activity chart with 851.598 million shares valued at N7.516 billion traded in 11,930 deals; thus contributing 66.07% and 55.49% to the total equity turnover volume and value.

The Conglomerates Industry followed with 174.588 million shares worth N569.028 million in 1,095 deals.
The third place was The ICT Industry, with a turnover of 77.571 million shares worth N2.249 billion in 1,458
deals.

The market sentiment was low as 20 equities appreciated in price during the week, lower than 24 equities in the previous week. Then 50 equities depreciated in price, Higher than 44 equities in the previous week, while 86 equities remained unchanged lower than 88 equities recorded in the previous week.

Trading in the top three equities namely Fidelity Bank Plc, Transnational Corporation Of Nigeria Plc, and Access Holdings Plc when measured by volume, accounted for 426.566 million shares worth N1.777 billion in 3,307 deals, contributing 33.10% and 13.12% to the total equity turnover volume and value.

ETP
On the ETP segment of the market, a total of 4,448 units valued at N478,868.63 were traded this week in 23 deals compared with a total of 29,855 units valued at N3.456 million transacted last week in 11 deals.

BONDSOn the bonds segment, a total of 35,517units valued at N39.252 million were traded this week in 16 deals compared with a total of 10,273 units valued at N10.494 million transacted last week in 5 deals.

Mercy Chukwudiebere

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