Nigerian Exchange group records decline, w-o-w by 0.45%

The Nigerian equities market closed bearish during the week as All-Share index depreciated by 0.45 per cent in the week ended 22nd July 2022.

This is according to the information contained in the weekly stock market report, released by the Nigerian Exchange Limited.

The benchmark index, All-Share index depreciated by 0.45 per cent from 52,215.12 points recorded as of the end of last week to close the week at 51,979.92 index points, while the market capitalisation followed suit to close at N28.03 trillion.

This bring the month-to-date performance of the Nigerian stock market to 0.31 per cent and a year-to-date gain of 21.69 per cent.

A total of 917.190 million share valued at N14.803 billion were traded during the week across 19,513 deals on the floor of the exchange.This is higher than the 504.322 million units of share e at N7.517 billion that exchange hands in the previous week in 12,393 deals.

Similar to previous week, the financial services industry led the activity chart in term of volume of share traded with 648.21 million share valued at N6.26 billion traded in 9,293 deals, thereby contributing 70.63 per cent and 42.27 per cent  to the total equity, turnover volume and value respectively.

Trading in the top three equities by volume namely, UBA, GTCO and Accesscorp accounted for 355.62 million share worth N4.12 billion in 3,486 deals, contributing 38.77 per cent and 27.83 per cent to the total equity turnover volume and value respectively.

Similarly, 5 indices finished high , while 13 index declined with exception of NGX ASeM index which remained unchanged.