NGX records N240.824bn weekly turnover as All-Share Index gains 0.92%

Nike Popoola

The NGX All-Share Index and Market Capitalization appreciated by 0.92% to close the week at 252,113.41 and ₦163.655 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX Insurance, NGX Lotus II, NGX Sovereign Bond indices which depreciated by 0.52%, 0.13% and 0.003% respectively.

Sixty-one (61) equities appreciated in price during the week, higher than fifty-two (52) equities in the previous week. Thirty-two (32) equities depreciated in price, same as thirtytwo (32) equities in the previous week, while fifty-three (53) equities remained unchanged, lower than sixty-three (63) recorded in the previous week.

Figures obtained by Daily Economy from the NGX on Friday said a total turnover of 4.689 billion shares worth ₦240.824 billion in 261,198 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.249 billion shares valued at ₦237.986 billion that exchanged hands last week in 287,919 deals.

The Financial Services Industry (measured by volume) led the activity chart with 3.537 billion shares valued at ₦116.666 billion traded in 115,985 deals: thus contributing 75.43% and 48.44% to the total equity turnover volume and value respectively. The ICT Industry followed with 279.827 million shares worth ₦15.773 billion in 29,520 deals. Third place was the Conglomerates Industry, with a turnover of 154.165 million shares worth ₦6.621 billion in 4,540 deals.

Trading in the top three equities, namely Fidelity Bank Plc, Fortis Global Insurance Plc and Zenith Bank Plc (measured by volume), accounted for 2.020 billion shares worth ₦54.057 billion in 21,385 deals, contributing 43.08% and 22.45% to the total equity turnover volume and value respectively.