Nigerian Exchange Limited
Nigerian Stock Investors Lose N595 Billion Last Week
The Nigerian Exchange Limited (NGX) sustained its downward trend last week as investors continue to sell their holdings and hold off for the remaining days of the year to reassess global uncertainty amid Omicron concerns.
Investors traded a total of 1.278 billion shares worth N17.340 billion in 21,052 deals last week, in contrast to a total of 3.435 billion shares valued at N30.915 billion that exchanged hands in 21,109 transactions in the previous week.
During the week, the Financial Services Industry led the activity chart with 984.543 million shares valued at N10.247 billion traded in 11,029 deals. Therefore, contributing 77.01 percent and 59.09 percent to the total equity turnover volume and value respectively.
Consumer Goods Industry followed with 78.724 million shares worth N2.328 billion in 3,137 deals. In third place was The Conglomerates Industry, with a turnover of 48.730 million shares worth N69.840 million in 647 deals.
FBN Holdings Plc, Guaranty Trust Holding Company Plc and Access Bank Plc were the three most traded equities, accounting for 470.731 million shares worth N6.571 billion in 3,887 deals. The three contributed a combined 36.82 percent and 37.90 percent to the total equity turnover volume and value, respectively.
The market value of all listed equities declined by 2.63 percent or N595 billion from N22.598 trillion recorded in the previous week to N22.003 trillion last week. While the NGX All-Share Index depreciated by 2.63 percent 0r 1,140.38 index points to 42,167.91 index points, down from 43,308.29 index points.
Similarly, all other indices finished lower with the exception of NGX Insurance index which appreciated by 2.97 percent, while the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat.
Eighteen equities appreciated in price during the week, lower than Twenty-nine equities in the previous week. Forty-nine equities depreciated in price, higher than Thirty-six equities in the previous week, while eighty-nine equities remained unchanged lower than ninety-one equities recorded in the previous week. See the top gainers and losers below.
The Nigerian Exchange Limited (NGX) extended its gain for the third straight week in 2022 as sentiment rose across the Exchange. Investors gained N810 billion last week following N323 billion profit recorded in the previous week.
Investors transacted 1.858 billion shares worth N47.486 billion in 20,861 deals during the week, in contrast to a total of 1.600 billion shares valued at N32.716 billion that exchanged hands in 22,607 deals in the previous week.
The Financial Service Industry led the activity chart with 815.363 million shares valued at N7.066 billion traded in 10,736 deals. Therefore, contributing 43.89 percent and 14.88 percent to the total equity turnover volume and value, respectively. The ICT Industry followed with 596.575 million shares worth N845.020 million in 1,028 deals.
In third place was the Conglomerates Industry, with a turnover of 161.347 million shares worth N191.189 million in 983 deals.
Computer Warehouse Group Plc, Transnational Corporation of Nigeria Plc and FBN Holdings Plc were the three most traded equities. Together accounted for 810.748 million shares worth N2.080 billion that were exchanged in 1,499 deals and contributed 43.65 percent and 4.38 percent to the total equity turnover volume and value, respectively.
The market value of listed equities grew by 3.38 percent or N810 billion from N23.951 trillion in the previous week to N24.761 trillion last week. The NGX All-Share Index expanded by 1,502.68 index points or 3.38 percent to 45,957.35 index points, up from 44,454.67 index points filed in the previous week.
Similarly, all other indices finished higher with the exception of NGX insurance index, which depreciated by 0.27 percent, while the NGX ASem, and NGX Sovereign bond indices closed flat.
Forty-seven equities appreciated in price during the week, higher than Thirty-three equities in the previous week. Twenty-three equities depreciated in price, lower than Thirtyfive equities in the previous week, while Eighty-six equities remained unchanged lower than Eighty-eight equities recorded in the previous week.
The Exchange year-to-date return stood at 7.59 percent, up from N4.01 percent achieved in the previous week. See other details below.
-
News3 weeks agoNpower Payment: NASIMS Commence Npower Batch C October Payment, Removes November Payroll Status
-
Technology4 weeks ago
World Mobile, Altaeros Partner to Launch Aerostat Balloons to Connect the Unconnected in Africa
-
News3 weeks ago
Npower Payment: Network Instability Affected 3-Month Payment to Trainees – NASIMS
-
Cryptocurrency2 weeks ago
Non-fungible Tokens: Sales of NFTs Hit $25 Billion in 2021
-
Cryptocurrency3 weeks ago
Ethereum Whale Adds 112 Billion Shiba Inu, Now Holds $48 Million Worth of SHIB
-
Appointments3 weeks ago
First Bank Appoints Three New Bosses
-
Finance2 weeks ago
Visa Partners ConsenSys To Test Central Bank Digital Currencies With Cards, Wallets
-
Crude Oil3 weeks ago
Nigerian Firms to Buy $3bn Oil Stakes in Shell Nigeria
