Transactions on NGX up by 3.84% in value

Equities market

Transactions on NGX up by 3.84% in value.

Transactions on NGX up by 3.84% in value.

Investors on the Nigerian Stock Exchange (NGX) traded 1.848 billion shares worth N51.387 billion in 63,090 deals during the week.

NGX, in its weekly report, made available in Lagos, said this n contrast to 2.001 billion shares valued at N49.486 billion that exchanged hands last week in 70,853 deals.

Accordingly, the value of transactions traded by investors on the Exchange advanced by 3.84 per cent.

The Financial Services Industry led the activity chart with 1.296 billion shares valued at N26.914 billion traded in 29,140 deals.

This contributed 70.13 per cent and 52.38 per cent to the total equity turnover volume and value respectively.

The Services Industry followed with 129.443 million shares worth N719.218 million in 3,657 deals.

Third place was the Consumer Goods Industry, with a turnover of 116.696 million shares worth N4.185 billion in 7,452 deals.

Trading in the top three equities namely Zenith Bank, FCMB Group and Access Holdings accounted for 539.768 million shares worth N16.528 billion in 7,392 deals.

This contributed 29.21 per cent and 32.16 per cent to the total equity turnover volume and value, respectively.

The NGX All-Share Index and Market Capitalisation depreciated by 0.62 per cent to close the week at 107,821.39 and N67.193 trillion respectively.

All other indices finished lower with the exception of NGX AseM, NGX Oil and Gas, NGX Lotus II, NGX Sovereign Bond and NGX Commodity which appreciated by 0.04, 0.60, 0.33, 0.81 and 0.53 per cent, respectively.

27 equities appreciated in price during the week, lower than 28 equities in the previous week.

60 equities depreciated in price, higher than fifty-eight 58 in the previous week, while 63 equities remained unchanged, lower than 64 recorded in the previous week.

The top five decliners for the week were Sunu Assurances, Euni Interlinked, Learn Africa, Guinea Insurance, International Energy Insurance as they lost N1.29, N2.25, N0.65, N0.12 and N0.35 each.

PZ Cussons Nigeira, Caverton Offshore Support, Livestock Feeds, UH Real Estate Investment Trust and Associated Bus Company were the top five gainers for the week as they grew in 31.1, 22.92, 22.81, 20.90 and 15.45 per cent each

The companies gained N8.40, N0.55, N1.38, N7.65 and N0.19, respectively.

(NAN)