April 14, 2024

  • Bitcoin(BTC)$24,383.00-1.66%
  • Ethereum(ETH)$1,657.83-2.53%
  • Tether(USDT)$1.000.18%
  • BNB(BNB)$310.23-1.26%
  • USD Coin(USDC)$1.000.10%
  • XRP(XRP)$0.39-0.81%
  • Binance USD(BUSD)$1.000.05%
  • Cardano(ADA)$0.39-2.73%
  • Dogecoin(DOGE)$0.09-2.67%
  • Polygon(MATIC)$1.38-6.66%

Equities Market Closes Bullish, ASI Appreciates

0 53

CEM REPORT, MARKET | On a bullish note, the Nigerian Equities market All-Share Index appreciated by 2.52% to close the trading week on Friday the 13th of January.

Market Capitalisation closed at N28.602 trillion bringing the month-to-date performance of the Nigerian stock market to 2.46%.

In the weekly stock report released by the Nigerian Exchange Group, the benchmark index appreciated 52,512.48 index points from 51,222.34 points recorded as of the end of last week.


This Week’s Performance

A total of 19,816 deals were traded on the floor in  1.286 billion units of shares during the week valued at N29.634 billion compared to last week’s 15,601 deals valued at N27.154 billion in 921.856 million units of shares.

Similar to the previous week, the Financial Services Industry led the activity chart in terms of volume of shares traded with 952.237 million shares valued at N9.728 billion traded in 9,647 deals; thereby contributing 74.07% and 32.83% to the total equity turnover volume and value respectively.

The Industrial Goods Industry followed with 92.864 million shares worth N8.510 billion in 1,682 deals, while the Conglomerates Industry stood in third place with a turnover of 54.568 million shares worth N96.654 million in 754 deals.

FBNH, STERLNBANK, and GTCO accounted for 507.852 million shares worth N5.707 billion in 2,585 deals, contributing 39.50% and 19.26% to the total equity turnover volume and value respectively hence making them the top three equities by volume.

A glossary breakdown reveals that fifty-one (51) equities appreciated during the week, higher than thirty-eight (38) equities in the previous week.

Twenty-seven (27) equities depreciated at a price higher than seventeen (17) in the previous week, while seventy-nine (79) equities remained unchanged, lower than one hundred and two (102) equities recorded in the previous week.

Top Gainers

THOMASWY up + 52.58% to close at N1.48

CHAMS up + 17.39% to close at N0.27

ABCTRANS up + 16.00% to close at N0.29

LIVESTOCK FEEDS up + 15.04% to close at N1.30

MBENEFITS up + 14.29% to close at N1.30

Top Losers

CHELLARAM down – 1.34% to close at N33.66

ROYALEX down – 0.91% to close at N10.78

ABBEYBDS down – 1.53% to close at N10.00

NEM down – 4.05% to close at N10.00

CORNERSTONE down – 0.55% to close at N8.33


Share this

Leave a Comment

glo advert
WP Twitter Auto Publish Powered By : XYZScripts.com