April 23, 2024

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NGX ASI and Market Cap Appreciates by 0.91%

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CEM REPORT, MARKET | The NGX All-Share Index and Market Capitalization appreciated by 0.91% to close the week at 68,143.34 and N37.295 trillion from the 67,527.19 and N36.958 trillion it closed last week with respectively.

Similarly, all other indices finished higher with the exception of NGX Insurance, NGX Oil & Gas, NGX Industrial Goods, NGX Growth and NGX Sovereign Bond indices which depreciated by 2.94%, 0.12%, 0.49%, 2.28%, and 0.46% respectively while the NGX ASeM index closed flat.

According to the weekly report by NGX, a total turnover of 2.644 billion shares worth N45.450 billion in 44,189 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.510 billion shares valued at N32.816 billion that exchanged hands last week in 40,736 deals.


The Financial Services Industry (measured by volume) led the activity chart with 1.587 billion shares valued at N20.896 billion traded in 18,686 deals; thus contributing 60.03% and 45.98% to the total equity turnover volume and value respectively. The Oil and Gas Industry followed with 385.514 million shares worth N4.678 billion in 4,579 deals. The third place was the Consumer Goods Industry, with a turnover of 221.578 million shares worth N12.668 billion in 8,919 deals.

Trading in the top three equities namely Oando Plc, Fidelity Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 732.276 million shares worth N7.148 billion in 7,020 deals, contributing 27.70% and 15.73% to the total equity turnover volume and value respectively.

Fifty-two (52) equities appreciated in price during the week lower than fifty-five (55) equities in the previous week. Thirty-five (35) equities depreciated in price higher than twenty-eight (28) in the previous week, while sixty-eight (68) equities remained unchanged, lower than seventy-two (72) recorded in the previous week.


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