STOCK MARKET PERFORMANCE: A REVIEW OF LAST WEEK TRADING

The NGX All-Share Index and Market Capitalization appreciated by 4.25% to close the week at 53,098.46 and N28.626 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX Insurance, and NGX Sovereign bond indices which depreciated at 1.92%, and 0.02%, while,
A total turnover of 1.81 billion unit of shares worth N27.19billion naira in 36,286 deals was traded last week by investors on the floor of the Exchange in contrast to a total of 1,59 billion unit of shares valued at N19.60 billion that exchanged hands last week in 21,494 deals.

 

 

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The Financial Services Industry led the activity chart with 904.86 million unit of shares valued at N8.49 billion traded in 12,883 deals; contributing 49.82% and 31.25% to the total equity turnover volume and value respectively.

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The Conglomerates Industry followed with 263.830 million unit shares worth N540.313 million in 1,651 deals. The third place was The Consumer Goods Industry, with a turnover of 238.964 million shares worth N5.816billion in 7,635 deals.
Trading in the top three equities namely Transnational Corporation Plc, Guaranty Trust Holding Company Plc and Jaiz Bank Plc (measured by volume) accounted for 459,179 million shares worth N3.294 billion in 3,645 deals, contributing 25.28% and 12.11% to the total equity turnover volume and value respectively.

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