The Nigerian Exchange Ltd., NGX, saw significant activities in the financial services industry this week, with a total turnover of 1.6 billion shares valued at $36.50 billion. This was transacted in 42,546 deals, revealing a shift from the previous week’s 2.478 billion shares valued at $47.856 billion in 54,982 deals.
The financial services industry took the lead in this bustling market, trading 1.127 billion shares worth $18.908 billion in 19,424 deals. This contributed 72.27% to the total equity turnover volume and 51.81% to its value. The conglomerates industry followed, with 117.400 million shares valued at $1.508 billion in 2,775 deals. The consumer goods sector also made a significant impact, with a turnover of 98.422 million shares worth $4.008 billion in 6,322 deals.
The top three equities traded were United Bank for Africa (UBA), FBN Holdings Plc, and Guaranty Trust Holding Company Plc (GTCO), with a total of 389.286 million shares worth $11.757 billion in 5,372 deals. These equities contributed 24.96% and 32.21% to the total equity turnover in volume and value, respectively.
Investors transacted a total of 27,394 units of Exchange Traded Products, ETP’s, valued at $16.787 million this week in 239 deals. This is a notable contrast to the previous week, which saw a total of 3.144 million units valued at $108.299 million traded in 659 deals. In the bond market, a total of 639,482 units valued at $638.502 million were traded this week in 24 deals, compared with 69,544 units valued at $67.744 million transacted last week in 35 deals.
The NGX All-Share Index and market capitalization saw a rise of 3.79% to close the week at 105,722.78 and $57.850 trillion, respectively. Additionally, 35 equities appreciated in price during the week, higher than the 20 equities in the previous week. Meanwhile, 51 equities depreciated in price, lower than the 68 in the previous week, and 68 equities remained unchanged, higher than the 66 recorded in the previous week.
NAN
