NGX closes week bullish with 2.43% growth

The Nigerian Exchange Limited, NGX All-Share Index and Market Capitalization appreciated by 2.43% to close the week at 49,638.94 and N26.761 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX Banking and NGX Afr. bank value which depreciated at 1.50%, and 1.21% while, NGX Asem, NGX Growth and NGX Sovereign indices closed flat.

A total turnover of 8.205 billion shares worth N49.145 billion in 28,622 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.302 billion shares valued at N17.813 billion that exchanged hands last week in 20,212 deals.

The Consumer Goods Industry, when measured by volume, led the activity chart with 6.259 billion shares valued at N29.309 billion traded in 5,225 deals; thus contributing 76.28% and 59.64% to the total equity turnover volume and value respectively.

The Financial Services Industry followed with 1.301 billion shares worth N9.125 billion in 11,551 deals. The third place was The Conglomerates Industry, with a turnover of 247.477 million shares worth N334.894 million in 1,348 deals.

Trading in the top three equities namely Honeywell Flour Mills Plc, FCMB Group Plc and Transnational Corporation Of Nigeria Plc, when measured by volume, accounted for 6.924 billion shares worth N27.951 billion in 2,237 deals, contributing 84.39% and 56.87% to the total equity turnover volume and value respectively.

PRICESFifty-six (56) equities appreciated in price during the week, higher than 50 equities in the previous week. Twenty-six (26) equities depreciated in price, lower than 29 equities in the previous week, while 74 equities remained unchanged lower than s77 equities recorded in the previous week.

ETP
A total of 5,202 units valued at N320,564.37 were traded this week in 13 deals compared with a total of 20,137 units valued at N365,231.58 transacted last week in 10 deals.

BONDS
A total of 45,531 units valued at N48.070 million were traded this week in 19 deals compared with a total of 62,425 units valued at N66.802 million transacted last week in 14 deals.

Mercy Chukwudiebere