Stock Investors Traded 1.713 Billion Shares Worth N30.764 Billion Last Week

Despite the surge in trading activity last week, the Nigerian Exchange Limited (NGX) depreciated by 0.12% or N3 billion. Investors exchanged 1.713 billion shares worth N30.764 billion in 24,767 deals during the week, in contrast to a total of 1.331 billion shares valued at N22.700 billion that exchanged hands in 27,822 transactions in the previous week.

The Financial Services Industry led the activity chart with 1.064 billion shares valued at N12.201 billion traded in 11,708 deals. Therefore, contributing 62.14% and 39.66% to the total equity turnover volume and value, respectively. The Consumer Goods Industry followed with 156.077 million shares worth N5.004 billion in 4,877 deals.

In third place was The Conglomerates Industry, with a turnover of 113.554 million shares worth N309.833 million in 1,062 deals.

Access Bank Plc, Guaranty Trust Holding Company Plc and Fidelity Bank Plc were the three most traded equities, accounting for 500.778 million shares worth N7.455 billion in 3,603 deals and contributed 29.23% and 24.23% to the total equity turnover volume and value, respectively.

Market value of all listed equities declined by 0.12% or N3 billion to N25.406 trillion from N25.436 trillion it closed last week. The NGX All-Share Index shed 0.13 percent or 61.82 index points from 47,202.30 index points to 47,140.48 index points last week.

The year-to-date gain moderated to 10.36 percent.

However, all other indices finished higher with the exception of NGX Premium, NGX Banking, NGX AFR Bank value, NGX Oil & Gas and NGX Industrial Goods which depreciated by 0.29%, 0.74%, 0.86%, 3.45%, and 0.32% respectively while the NGX Main Board, NGX Asem, NGX Growth and NGX Sovereign Bond Indices closed flat.

Forty-three equities appreciated at price during the week, lower than Forty-four equities in the previous week. Thirty-eight equities depreciated in price, higher than Thirty-one equities in the previous week, while Seventy-five equities remained unchanged higher than Eighty-one equities recorded in the previous week. See the details of the top gainers and losers of the week.