Stock market investors gain N427bn in one week
Nigerian Exchange Group NGX
Nike Popoola
Stock market investors gained N427bn at the close of this week’s trading on Friday December 06, 2024.
The NGX All-Share Index and Market Capitalization appreciated by 0.72% to close the week at 98,210.75 and N59.534 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX Main Board, NGX Growth and NGX Sovereign Bond which depreciated by 0.39%, 0.15%, and 0.06% respectively while the NGX ASeM index closed flat. (See a summary of index movement
According to the NGX, 51 equities appreciated in price during the week higher than thirty-two (32) equities in the previous week.
Thirty equities depreciated in price lower than 46 in the previous week, while 72 equities remained unchanged, lower than 75 recorded in the previous week.
The NGX market report obtained by Dailyeconomy showed that total turnover of 3.893 billion shares worth N87.749 billion in 43,868 deals was traded this
week by investors on the floor of the Exchange, in contrast to a total of 3.194 billion shares valued at N54.850 billion that exchanged hands last week in 45,112 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.709 billion shares valued at N51.027 billion traded in 20,017 deals; thus contributing 69.58% and 58.15% to the total equity turnover volume and value respectively.
The Consumer Goods industry followed with 403.658 million shares worth N3.844 billion in 4,239 deals. Third place was the Industrial Goods Industry, with a turnover of 198.360 million shares worth N10.328 billion in 4,606 deals.
Trading in the top three equities namely FBN Holdings Plc, Wema Bank Plc and Fidelity Bank Plc (measured by volume) accounted for 1.625 billion shares worth N28.982 billion in 3,226 deals, contributing 41.74% and 33.03% to the total equity turnover volume and value respectively.
