Weekly report: Financial industry’s shares leads stock market by N31.08bn
The financial services industry, measured by volume, led the activity chart of the Nigerian Exchange Ltd.(NGX) with 1.273 billion shares valued at N31.08 billion traded in 23,066 deals to close the week.
Specifically, the industry contributed 73.36 percent and 63.74 percent to the total equity turnover volume and value of the market respectively.
Trading in the top three equities, namely; United Bank for Africa Plc (UBA), FBN Holdings Plc and Access Holdings Plc, measured by volume, accounted for 564.882 million shares worth N16.990 billion in 8,493 deals.
This indicated 32.56 percent and 34.85 percent contribution to the total equity turnover volume and value respectively.
Meanwhile, the conglomerates industry followed with 123.237 million shares worth N1.772 billion in 3,205 deals.
The Consumer Goods industry also came third, with a turnover of 104.854 million shares worth N5.292 billion in 6,166 deals.
On equities, a total turnover of 1.735 billion shares worth N48.755 billion in 45,237 deals was traded during the week by investors on the floor of the Exchange.
This contrasts to a total of 1.773 billion shares valued at N52.867 billion that exchanged hands last week in 44,713 deals.
On Exchange-Traded Products (ETP), a total of 10.560 million shares valued at N131.549 million were traded this week in 184 deals, compared to 19,403 shares valued at N8.143 million transacted last week in 79 deals.
On bonds, a total of 68,735 shares valued at N71.382 million were traded this week in 20 deals, compared to 229,700 shares valued at N241.474 million transacted last week in 31 deals.
However, the Nigerian Exchange Ltd.(NGX) All-Share index and market capitalisation depreciated by 0.42 percent to close the week at 104,647.37 and N59.169 trillion, respectively.
This is compared to 105,085.25 and N59.416 trillion respectively recorded last week, having lost in three out of five sessions of the week.
Similarly, all other indices of the equity market finished lower with the exception of NGX Main Board, NGX CG, NGX Banking, NGX Pension, NGX Insurance, NGX ASeM, NGX Afrinvest Bank Value, NGX MERI Growth, NGX Oil and Gas and NGX Industrial Goods.
These indices appreciated by 0.68 percent, 0.43 per cent, 4.19 percent, 0.13 percent, 8.92 percent, 21.81 percent, 3.93 percent, 4.13 percent, 0.30 percent, and 0.57 per cent respectively, while the NGX Sovereign bond index closed flat.
Meanwhile, 50 equities appreciated in price during the week, lower than 55 equities in the previous week, while 32 equities depreciated in price higher than 24 in the previous week.
Also, 72 equities remained unchanged which was lower than 75 equities recorded in the previous week.
