Stock investors gain N59.23bn in one week
Nigerian Exchange Group NGX
Nike Popoola
Stock market investors gained 59.23bn at the close of this week’s trading on Friday November 22, 2024.
The NGX All-Share Index and Market Capitalization appreciated by 0.11% and 0.13% to close the week at 97,829.02 and N59.292 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX Main Board, NGX CG, NGX Banking, NGX Pension, NGX AFR Bank Value, NGX MERI Growth, NGX Growth and NGX Sovereign Bond which depreciated by 0.02%, 0.75%, 2.57%, 0.45% 2.52%, 0.71% 13.47% and 0.03% respectively while the NGX ASeM index closed flat.
According to the NGX, 52 equities appreciated in price during the week higher than thirty-nine (39) equities in the previous week.
Thirty-three equities depreciated in price lower than forty-six (46) in the previous week, while sixty-eight (68) equities remained unchanged, higher than sixty-seven (67) recorded in the previous week.
The NGX market report obtained by Daily Economy showed that a total turnover of 1.952 billion shares worth N35.864 billion in 48,553 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.482 billion shares
valued at N38.875 billion that exchanged hands last week in 44,795 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.041 billion shares valued at N16.207 billion traded in 21,099 deals; thus contributing 53.34% and 45.19% to the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 273.407 million shares worth N6.717 billion in 5,489 deals. Third place was the Services Industry, with a turnover of 141.184 million shares worth N779.166 million in 3,072 deals.
Trading in the top three equities namely Japaul Gold and Ventures Plc, FBN Holdings Plc and Access Holdings Plc (measured by volume) accounted for 461.500 million shares worth N6.183 billion in 4,658 deals, contributing 23.64% and 17.24% to the total equity turnover volume and value respectively.
