Stock market investors lose N713bn in one week
Nigerian Exchange Group NGX
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Stock market investors recorded a one-week loss of N713bn at the close of trading on Friday August 15.
The NGX All-Share Index and Market Capitalization depreciated by 0.77% to close the week at 144,628.20 and N91.502 trillion respectively.
Similarly, all other indices finished lower with the exception of NGX Insurance, NGX AFR Div. Yield, and NGX Growth, which appreciated by 8.21%, 1.57% and 9.50% respectively.
Fifty (50) equities appreciated in price during the week, lower than sixty-six (66) equities in the previous week. Forty-nine (49) equities depreciated in price, higher than forty-one (41) in the previous week, while forty-seven (47) equities remained unchanged, higher than thirty-nine (39) recorded in the previous week.
According to figures obtained by Dailyeconomy from the NGX, a total turnover of 8.564 billion shares worth N99.936 billion in 177,870 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 8.736 billion shares valued at N134.577 billion that exchanged hands last week in 180,290 deals.
The Financial Services Industry (measured by volume) led the activity chart with 6.916 billion shares valued at N56.716 billion traded in 84,589 deals; thus contributing 80.75% and 56.75% to the total equity turnover volume and value respectively. The Oil & Gas Industry followed with 387.647 million shares worth N8.502 billion in 11,249 deals. Third place was the Agriculture Industry, with a turnover of 315.540 million shares worth N6.019 billion in 11,747 deals.
Trading in the top three equities, namely Universal Insurance Plc, Linkage Assurance Plc and AIICO Insurance Plc, (measured by volume), accounted for 2.787 billion shares worth N6.622 billion in 11,067 deals, contributing 32.54% and 6.63% to the total equity turnover volume and value respectively.
