Nigerian Exchange Limited (NGX) Sheds N123 Billion Last Week

The Nigerian Exchange Limited (NGX) closed in the red last week as investors await the second-quarter reports of listed companies.

Investors traded 1.348 billion shares worth N12.140 billion in 21,581 deals during the week, against a total of 1.021 billion shares valued at N14.145 billion that exchanged hands in the previous week in 17,565 deals.

In terms of volume traded, the financial services industry led the activity chart with 892.212 million shares valued at N7.065 billion traded in 11,592 deals. Therefore, contributing 66.20 percent and 58.20 percent to the total equity turnover volume and value, respectively.

The ICT industry followed with 110.067 million shares worth N776.402 million in 744 deals. The Conglomerates Industry came third with a 100.009 million shares valued at N216.504 million in 788 deals.

The top three most traded equities were the Fidelity Bank Plc, FBN Holdings Plc and Zenith Bank Plc, together they accounted for 310.779 million shares worth N3.166 billion in 3,289 deals and contributed 23.06 percent and 26.08 percent to the total equity turnover volume and value, respectively.

Market value of listed equities declined by 0.62 percent or N123 billion during the week from N19.919 trillion recorded in the previous week to N19.796 trillion last week.

The Nigerian Exchange Limited All-Share Index dipped by 0.57 percent or 217.82 index points from 38,212.01 index points in the previous week to 37,994.19 index points last week.

All other indices closed the week higher with the exception of NGX All-Share, NGX-Main Board, NGX Consumer Goods and NGX Lotus II indices which depreciated by 0.57 percent, 2.22 percent, 0.32 percent and 0.23 percent respectively, while the NGX ASeM and NGX Growth Indices closed flat.