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NGX Closes Week Trading on Appreciated Market Indices

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CEM REPORT, MARKET | Trading in the week ended 17 February closed on positive territory with all parameters experiencing expansion.

A total turnover of 751.990 million shares worth N20.575 billion in 15,822 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 944.293 million shares valued at N22.710 billion that exchanged hands last week in 18,615 deals.

The Financial Services Industry (measured by volume) led the activity chart with 508.517 million shares valued at N6.212 billion traded in 6,877 deals; thus contributing 67.62% and 30.19% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 86.346 million shares worth N4.806 billion in 2,562 deals. The third place was the Industrial Goods Industry, with a turnover of 34.305 million shares worth N3.635 billion in 1,305 deals.

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Trading in the top three equities namely Guaranty Trust Holding Company Plc, United Bank for Africa Plc and FBN Holdings Plc. (measured by volume) accounted for 249.667 million shares worth N3.915 billion in 1,984 deals, contributing 33.20% and 19.03% to the total equity turnover volume and value respectively.

The NGX All-Share Index and Market Capitalization depreciated by 0.96% and 0.95% to close the week at 53,804.46 and N29.310 trillion respectively.

Similarly, all other indices finished lower with the exception of NGX Premium, NGX Insurance, NGX MERI Growth, NGX Consumer Goods, NGX Oil and Gas, NGX Industrial Goods and NGX Growth indices which appreciated by 0.54%, 1.18%, 0.44%, 0.67%, 0.91%, 0.06% and 7.15% respectively while the NGX ASeM and NGX Sovereign Bond indices closed flat.

Thirty-six (36) equities appreciated in price during the week higher than twenty-four (24) equities in the previous week. Twenty-seven (27) equities depreciated in price lower than forty-five (45) in the previous week, while ninety-four (94) equities remained unchanged, higher than eighty-eight (88) equities recorded in the previous week

Tripple Gee & Company Plc has again led gainers chart in the last week trading with 45.26% equity gain followed by Living Trust Mortgage Bank with 16.16% and Cams Holding Company with 16%.

The losers’ chart was led by CWG Pls with 17.35% decline followed by Fidelity Bank and Deko Pharma Plc with 14.70% and 10% respectively.

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