By Sofiyyah Layole
The Nigerian Exchange recorded a mixed performance during the week, with significant growth in market activity despite a decline in the benchmark index and overall market capitalization.
Equity turnover for the week stood at 7.325 billion shares valued at N156.425 billion exchanged in 134,383 deals. This surpassed the previous week’s total of 3.575 billion shares worth N107.011 billion traded in 146,429 deals.
The Financial Services Industry, again dominated trading with 6.497 billion shares valued at N87.381 billion, representing 88.69 percent of the total volume and 55.86 percent of the total value. Cornerstone Insurance Plc, Access Holdings Plc and Zenith Bank Plc accounted for a combined 4.752 billion shares worth N41.132 billion.
In the Exchange Traded Products (ETPs) segment, a total of 1.320 million units valued at N45.028 million were traded in 666 deals. The VETBANK ETF recorded the highest activity with 984,827 units worth N13.111 million.
The bond market saw a turnover of 54,579 units valued at N56.404 million traded in 16 deals. The FGSUK2033S6 instrument led the segment with 37,707 units worth N38.181 million.
The NGX All Share Index closed the week lower at 147,013.59 points, representing a decline of 1.68 percent week on week. Market capitalization also decreased by 1.58 percent closing at N93.501 trillion.
Similarly, sectoral performance was mixed as the NGX Insurance Index rose by 2.42 percent, the NGX AFR Dividend Yield Index gained 1.34 percent, the NGX MERI Value Index advanced 2.00 percent, and the NGX Banking Index appreciated by 1.26 percent.
Conversely, the NGX Industrial Goods Index fell by 6.97 percent, the NGX Premium Index declined by 2.74 percent and the NGX Oil and Gas Index dropped by 0.85 percent.
NCR Nigeria Plc led the gainers’ chart after its share price rose from N19.35 to N25.60, representing an increase of 32.30 percent. ASO Savings and Loans Plc followed with a 14.44 percent gain from N0.90 to N1.03.
Champion Breweries Plc appreciated by 11.54 percent from N13.00 to N14.50. International Energy Insurance Plc gained 11.48 percent, rising from N2.44 to N2.72. Secure Electronic Technology Plc advanced by 10.67 percent from N0.75 to N0.83.
In the flip side, Union Dicon Salt Plc topped the losers’ chart with a decline of 18.71 percent as its price fell from N7.75 to N6.30. Austin Laz and Company Plc dipped by 18.62 percent from N2.90 to N2.36.
Multiverse Mining and Exploration Plc shed 14.47 percent, dropping from N11.75 to N10.05. Dangote Cement Plc declined by 10.00 percent from N660.00 to N594.00. Academy Press Plc also fell by 10.00 percent, moving from N7.50 to N6.75.