Nigerian Exchange record gains, up 0.24% w-o-w
The Nigerian equities market closed bullish during the week as the All-Share index gained 0.24 per cent in the week ended 2nd July 2022. This is following the 0.14 per cent decline recorded in the previous week.
This is according to the information contained in the weekly stock market report, released by the Nigerian Exchange Group.
The benchmark index, ASI, appreciated by 0.24 per cent from 51,705.61 points recorded as of the end of last week to close the week at 51,829.67 index points, while the market capitalization followed suit to close at N27.94 trillion.
This brings the month-to-date performance of the Nigerian stock market to 0.02 per cent and a year-to-date gain of 21.33 per cent
A total of 1.35 billion shares valued at N24.49 billion were traded during the week across 22,155 deals on the floor of the Exchange. This is higher than the 1.12 billion units of shares valued at N13.70 billion that exchanged hands in the previous week in 22,350 deals.
Similar to the previous week, the Financial Services Industry led the activity chart in terms of volume of shares traded with 1.01 billion shares valued at N6.80 billion traded in 11,352 deals; hereby contributing 74.87 per cent and 27.75 per cent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 79.62 billion shares worth N144.55 billion in 689 deals, while the Oil & Gas Industry, stood in third place with a turnover of 73.00 million shares worth N1.86 billion in 1,799 deals.
Trading in the top three equities by volume namely MBENEFIT Plc, LIVING TRUST Plc, and GTCO Plc accounted for 484.84 million shares worth N2.41 billion in 2,410 deals, contributing 35.97 per cent and 9.86 per cent to the total equity turnover volume and value respectively.
Similarly, 11 indices finished higher, while 6 indices declined with the exception of NGX Sovereign Bond Index and NGX ASeM Index, which remained unchanged.
On the gainers side, JOHNHOLT led as the overall gainer which gained 30.16 per cent to close at N0.82 per share, as CORNERST which recorded as the second best advancer appreciated by 20.97 per cent to close at N0.75 per share, while OKOMUOIL rose by 12.09 per cent to close at N216.90 per share, TIP went up 10.00 per cent to close at N0.44 per share and FBNH grew by 9.95 per cent to close at N11.60 per share.
PZ Cussion down by 18.40 per cent to close trade at N10.20 per share, UPL that followed depreciated by10.42 per cent close trade at N2.58 per share
PRESTIGE dropped by 10.00 per cent to close trade at N0.36 per share, as NGXGROUP dipped by 9.55 per cent to close at N22.25 per share and HONEYWELL declined by 8.91 per cent to close trade at N2.76 per share.
Thirty-four (34) equities appreciated in price during the week, higher than Sixteen (16) equities in the previous week.
Twenty-nine (29) equities depreciated in price lower than Fifty-six (56) equities in the previous week, while ninety-three (93) equities remained unchanged higher than eighty-four (84) equities recorded in the previous week.
