Trading at the Nigerian Exchange (NGX) saw weakened All-Share Index and Market Capitalization even as turnover and trade deals increased at the week ended 29th.
A total turnover of 3.199 billion shares worth N85.399 billion in 142,477 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 4.773 billion shares valued at N107.426 billion that exchanged hands last week in 152,965 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.195 billion shares valued at N42.689 billion traded in 66,808 deals; thus contributing 68.61% and 49.99% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 277.881 million shares worth N9.910 billion in 15,518 deals. Third place was the services Industry, with a turnover of 178.992 million shares worth N1.308 billion in 7,580 deals.
Trading in the top three equities, namely FCMB Group Plc, Champion Breweries Plc, and Access Holdings Plc and (measured by volume), accounted for 778.603 million shares worth N13.155 billion in 11,288 deals, contributing 24.34% and 15.40% to the total equity turnover volume and value respectively.
The NGX All-Share Index and Market Capitalization depreciated by 0.50% and 0.49% to close the week at 140,295.50 and N88.769 trillion respectively.
Similarly, all other indices finished lower with the exception of NGX AFR Div Yield which appreciated by 0.94%, while the NGX AseM index closed flat
Thirty-two (32) equities appreciated in price during the week, lower than forty-three (43) equities in the previous week. Fifty-seven (57) equities depreciated in price, higher than fifty-four (54) equities in the previous week, while fifty-seven (57) equities remained unchanged, higher than forty-nine (49) recorded in the previous week.
