NGX ends Week Bearish by 2.6%

The bears dominated the trading activities of the equities market all through the week leading to the NGX All-Share Index and Market Capitalization depreciating by 2.

63% to close the week at 42,167.

91 and N22.

003 trillion respectively.

Thus, the total turnover of 1.

278 billion shares worth N17.

340 billion in 21,052 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 3.

435 billion shares valued at N30.

915 billion that exchanged hands last week in 21,109 deals.

Trading in the top three equities namely: FBN Holdings Plc, Guaranty Trust Holding Company Plc and Access Bank Plc, when measured by volume, accounted for 470.

731 million shares worth N6.

571 billion in 3,887 deals, contributing 36.

82% and 37.

90% to the total equity turnover volume and value respectively.

Consequently, 18 equities appreciated in price during the week, lower than 29 equities in the previous week.

49 equities depreciated in price, higher than 36 equities in the previous week, while 89 equities remained unchanged lower than 91 equities recorded in the previous week.

The Financial Services Industry, when measured by volume, led the activity chart with 984.

543 million shares valued at N10.

247 billion traded in 11,029 deals; thus contributing 77.

01% and 59.

09% to the total equity turnover volume and value respectively.

Consumer Goods Industry followed with 78.

724 million shares worth N2.

328 billion in 3,137 deals.

The third place was The Conglomerates Industry, with a turnover of 48.

730 million shares worth N69.

840 million in 647 deals.

Similarly, all other indices finished lower with the exception of NGX Insurance index which appreciated by 2.

97%, while the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat.

A total of 13,481 units valued at N714, 329.

90 were traded this week in 15 deals compared with a total of 147 units valued at N15, 766.

78 transacted last week in seven deals.

A total of 3,344 units valued at N3.

603 million were traded this week in seven deals compared with a total of 31,275 units valued at N33.

596 million transacted last week in 21 deals.

Nneka Ukachukwu
NGX ends Week Bearish by 2.


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