The Nigerian equities market closed bullish as the All-Share Index appreciated by 1.27 per cent in the week ended 15th July 2022. This is following the 0.53 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 1.27 per cent from 51,557.41 points recorded as of the end of last week to close the week at 52,215.12 index points, while the market capitalisation followed suit to close at N28.16 trillion.
This brings the month-to-date performance of the Nigerian stock market to 0.77 per cent and a year-to-date gain of 22.24 per cent
A total of 504.32 million shares valued at N7.52 billion were traded during the week across 12,393 deals on the floor of the Exchange. This is lower than the 822.40 million units of shares valued at N10.37 billion that exchanged hands in the previous week in 20,643 deals.
Similar to the previous week, the Financial Services Industry led the activity chart in terms of volume of shares traded with 270.55 million shares valued at N2.94 billion traded in 5,730 deals, hereby contributing 53.65 per cent and 39.11 per cent to the total equity turnover volume and value respectively.
The Services Industry followed with 74.98 million shares worth N168.63 million in 954 deals, while the Oil and Gas Industry, stood in third place with a turnover of 42.66 million shares worth N262.00 million in 798 deals.
Trading in the top three equities by volume namely GTCO Plc, CAVERTON and UBA Plc accounted for 164.20 million shares worth N1.89 billion in 1,937 deals, contributing 32.56 per cent and 24.73 per cent to the total equity turnover volume and value respectively.
Similarly, 6 indices finished high, while 10 indexes declined with the exception of NGX Growth Index and NGX ASeM Index and NGX Sovereign Bond Index which remained unchanged.
ACADEMY went up by 16.93 per cent to close at N2.21 per share, as Computer Warehouse Group appreciated by 12.50 per cent to close at N0.90 per share while, CAVERTON OFFSHORE gained 12.30 per cent to close at N1.37 per share,WEMA BANK rose significantly by 10.00 per cent to close at N3.74 per share, and AIRTEL AFRICA grewt 10.00 per cent to close at N1905.40 per share
FIDSON HEALTHCARE down by 21.58 per cent to close at N9.41 per share as CORNERSTONE INSURANCE which followed depreciated by 17.39 to close trade at N0.57 per share while, MULTIVERSE AND MINNING EVAPORATION declined by 13.33 per cent to close trade at N1.82I per share ,IKEJA HOTEL dipped by 11.36 per cent to close at N1.17 per share and NIGERIA FLOUR MILLS dropped by 9.95 per cent to close at N8.60 per share.