Investors in the Nigerian equities market exchanged 1.598 billion shares worth N19.603 billion in 21,494 deals in the week ended May 6, 2022, against a total of 8.205 billion shares valued at N49.145 billion that exchanged hands in 28,622 deals in the previous week.
In the three trading days week, the Financial Services Industry led the activity chart with 1.057 billion shares valued at N7.727 billion traded in 8,670 deals. Therefore, contributing 66.15% and 39.42% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 148.174 million shares worth N250.567 million in 852 deals.
In third place was the Consumer Goods Industry, with a turnover of 145.471 million shares worth N5.226 billion in 4,557 deals.
Union Bank Of Nigeria Plc, FCMB Group Plc and Transnational Corporation Plc were the three most traded stocks during the week, accounting for a combined 547.576 million shares worth N2.330 billion in 957 deals. The three contributed 34.26% and 11.89% to the total equity turnover volume and value respectively.
The NGX All-Share Index appreciated by 2.61% or 1,296.09 index points to 50,935.03 index points, up from 49,638.94 index points it settled in the previous week. The market capitalization also increased by N699 billion or 2.61% from N26.761 billion recorded in the previous week to close the week at N27.460 trillion.
Similarly, all other indices finished higher with the exception of NGX Insurance, NGX Afr. bank value, NGX Meri value, NGX Oil/Gas, NGX Growth and NGX Sovereign which depreciated by 1.98%, 1.68%, 0.60%, 1.10%, 6.52%, and 0.09% while, NGX Asem index closed flat.
Forty-nine equities appreciated in price during the week, lower than Fifty-six equities in the previous week. Thirty-two equities depreciated in price, higher than Twenty-six equities in the previous week, while seventy-five equities remained unchanged higher than seventy-four equities recorded in the previous week.
