Even though some sectors appreciated at the end of trading on Friday, January 26, data from the Nigerian Exchange revealed that some others depreciated.
But that did not stop the Market Cap and the All-Share index which appreciated significantly.
The Nigerian Exchange Limited (NGX), closed the week ended Friday, January 26 with both the Market Cap and All-Share index appreciating.
The NGX Market Cap increased by ₦4.303 trillion to close at ₦56.038 trillion from the previous week ₦51.735 trillion.
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Meanwhile, the NGX All-Share index also closed at 102,401.88 points higher than the 94,538.12 points previously recorded.
The market’s year-to-date (YTD) return rose to 36.95%
All other indices finished higher in the trading week except for NGX Banking, NGX Insurance, NGX Growth, and NGX Sovereign Bond.
They all depreciated by 1.63%, 3.71%, 1.38%, and 0.68% respectively while the NGX ASeM index closed flat.
Thirty-five equities appreciated during the review trading week, lower than 81 equities in the preceding week.
Sixty-five equities depreciated higher than 58 in the preceding week, while 55 equities remained unchanged, higher than 16 recorded in the previous trading week.
NGX Market Turnover
The market recorded a total turnover of 2.981 billion shares worth ₦57.873 billion in 67,962 deals, in contrast to a total of 5.179 billion shares valued at ₦77.797 billion that exchanged hands the preceding week in 79,012 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.863 billion shares valued at ₦26.774 billion traded in 29,276 deals; thus contributing 62.50% and 46.26% to the total equity turnover volume and value respectively.
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The Conglomerates Industry followed with 309.432 million shares worth ₦5.201 billion in 5,882 deals; and the Oil and Gas Industry, with a turnover of 259.223 million shares worth ₦4.892 billion in 5,658 deals.
Trading in the top three equities – Transnational Corporation Plc, United Bank for Africa Plc, and Sterling Financial Holdings Company Plc (measured by volume) – accounted for 686.291 million shares worth ₦12.943 billion in 9,490 deals, contributing 23.02% and 22.36% to the total equity turnover volume and value respectively.
