Stock market investors gain N1.83tn in one week
Nigerian Exchange Group NGX
Nike Popoola
Stocks investors gained N1.83tn at the close of trading on Friday, February 14.
The NGX All-Share Index and Market Capitalization appreciated by 2.00% and 2.78% to close the week at 108,053.95 and N67.418 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX Main Board, NGX Banking, NGX AFR Bank Value, NGX AFR Div Yield, NGX MERI Growth, NGX Consumer Goods and NGX Oil and Gas which depreciated by 0.79%, 0.24%, 0.39%, 1.26%, 1.03%, 3.63% and 2.30% respectively while the NGX Sovereign Bond index closed flat.
Sixty-five (65) equities appreciated in price during the week, higher than fifty-eight (58) equities in the previous week. Thirty-one (31) equities depreciated in price, lower thirty-four (34) in the previous week, while fifty-four (54) equities remained unchanged, lower than fifty-eight (58) recorded in the previous week.
According to market report obtained by Dailyeconomy from the NGX, total turnover of 2.414 billion shares worth N55.512 billion in 80,988 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.051 billion shares valued at N98.350 billion that exchanged hands last week in 72,535 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.398 billion shares valued at N24.039 billion traded in 31,919 deals; thus contributing 57.92% and 43.30% to the total equity turnover volume and value respectively. The Services industry followed with 247.303 million shares worth N1.165 billion in 6,277 deals. Third place was the Consumer Goods Industry, with a turnover of 153.776 million shares worth N3.939 billion in 8,405 deals.
Trading in the top three equities namely Sterling Financial Holdings Company Plc, Access Holdings Plc and Secure Electronic Technology Plc (measured by volume) accounted for 455.469 million shares worth N5.273 billion in 6,654 deals, contributing 18.87% and 9.50% to the total equity turnover volume and value respectively.
