Stock market investors gain N1.14tn in one week
Nigerian Exchange Group NGX
Nike Popoola
Stocks investors gained N1.14tn at the close of trading on Friday, January 10.
The NGX All-Share Index and Market Capitalization appreciated by 1.80% to close the week at 105,451.06 and N64.303 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX Insurance, NGX AFR Bank Value, NGX AFR Div Yield, NGX MERI Value, NGX Consumer Goods, NGX Oil and Gas and NGX Industrial Goods which depreciated by 6.91%, 0.08%, 1.11%, 0.17%, 0.34%, 0.34% and 0.26% respectively while the NGX ASeM closed flat.
Fifty-one (51) equities appreciated in price during the week, lower than eight-two (82) equities in the previous week.
Thirty-nine (39) equities depreciated in price higher than eighteen (18) in the previous week, while sixty-two (62) equities remained unchanged, higher than fifty-two (52) recorded in the previous week.
A total turnover of 4.698 billion shares worth N85.043 billion in 72,562 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.618 billion shares valued at N69.742 billion that exchanged hands last week in 47,953 deals.
The Financial Services Industry (measured by volume) led the activity chart with 3.470 billion shares valued at N40.791 billion traded in 34,364 deals; thus contributing 73.86% and 47.97% to the total equity turnover volume and value respectively.
The Services industry followed with 407.032 million shares worth N2.226 billion in 4,996 deals.
Third place was the ICT Industry, with a turnover of 237.680 million shares worth N3.628 billion in 5,280 deals.
Trading in the top three equities namely Wema Bank Plc, FBN Holdings Plc and Universal Insurance Plc (measured by volume) accounted for 1.679 billion shares worth N20.838 billion in 4,922 deals, contributing 35.74% and 24.50% to the total equity turnover volume and value respectively.
