December 5, 2023

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TransCorp, United Capital and Zenith Bank boosts week trading at NGX


CEM REPORT | Trading in the top three equities namely Transnational Corporation of Nigeria Plc, United Capital Plc and Zenith Bank Plc (measured by volume) accounted for 491.673 million shares worth N5.411 billion in 4,277 deals, contributing 29.48% and 27.78% to the total equity turnover volume and value respectively; Nigerian Exchange disclosed in their weekly report on Friday

According to the report, a total turnover of 1.668 billion shares worth N19.481 billion in 25,979 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.713 billion shares valued at N30.764 billion that exchanged hands last week in 24,767 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.120 billion shares valued at N10.889 billion traded in 13,514 deals; thus contributing 67.13% and 55.89% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 242.945 million shares worth N395.228 million in 1,418 deals. The third place was The Consumer Goods Industry, with a turnover of 80.368 million shares worth N1.958 billion in 3,876 deals.


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All-Share Index and Market Capitalization appreciated by 0.40% to close the week at 47,328.42 and N25.507 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX Asem, NGX Meri Value, NGX consumer Goods, NGX Lotus II, NGX Industrial Goods and NGX Sovereign bond indices which depreciated by 1.17%, 0.34%, 1.06%, 0.07%, 0.01% and 0.02% respectively while the NGX Growth Index closed flat.

Forty-four (44) equities appreciated in price during the week, higher than Forty-three (43) equities in the previous week. Twenty-two (22) equities depreciated in price, lower than Thirty-eight (38) equities in the previous week, while Ninety (90) equities remained unchanged higher than Seventy-five (75) equities recorded in the previous week.


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