Stock market investors gain N2.84tn in one week
NGX
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Stock market investors gained N2.84tn at the close of business on Friday.
The NGX All-Share Index and Market Capitalization appreciated by 3.18% to close the week at 145,754.91 and N92.215 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX CG, NGX Banking, NGX Pension, NGX AFR Bank value, NGX AFR Div. Yield, NGX MERI Value, NGX Growth, and NGX Commodity which depreciated by 0.64%, 0.75%, 0.14%, 1.01%, 0.66%, 1.25%, 7.91% and 2.33% respectively.
Figures obtained by Dailyeconomy from the NGX showed that a total turnover of 8.736 billion shares worth N134.577 billion in 180,290 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 4.847 billion shares valued at N149.755 billion that exchanged hands last week in 174,267 deals.
The Financial Services Industry (measured by volume) led the activity chart with 7.483 billion shares valued at N70.980 billion traded in 77,227 deals; thus contributing 85.65% and 52.74% to the total equity turnover volume and value respectively.
The Agriculture Industry followed with 201.906 million shares worth N7.863 billion in 11,450 deals. Third place was the Services Industry, with a turnover of 191.921 million shares worth N2.484 billion in 10,595 deals.
Trading in the top three equities, namely Linkage Assurance Plc, Consolidated Hallmark Holdings Plc, and Universal Insurance Plc (measured by volume), accounted for 3.195 billion shares worth N6.594 billion in 3,964 deals, contributing 36.57% and 4.90% to the total equity turnover volume and value respectively.
