Stock Investors Pocketed N355 Billion Last Week

In week three trading sessions as the Federal Government declared Monday 11th and Tuesday 12th July 2022 Public Holidays to commemorate the Eid el-Kabir celebration, investors in the Nigerian Exchange Limited (NGX) pocketed N355 billion last week.

Activity declined at the Exchange during the week under review despite the gain recorded. Investors transacted a total turnover of 504.322 million shares worth N7.517 billion in 12,393 deals last week, in contrast to a total of 822.404 million shares valued at N10.366 billion that were transacted in 20,643 deals in the previous week.

The Financial Services Industry led the activity chart with 270.549 million shares valued at N 2.940 billion traded in 5,730 deals. Therefore, contributing 53.65% and 39.11% to the total equity turnover volume and value, respectively.

The Services Industry followed with 74.980 million shares worth N168.626 million in 954 deals. In third place was The Oil and Gas Industry, with a turnover of 42.664 million shares worth N262.001 million in 798 deals.

Guaranty Trust Holding Company Plc, Caverton Offshore Support Grp Plc and United Bank For Africa Plc accounted for a combined 164.202 million shares worth N1.859 billion in 1,937 deals and contributed 32.56% and 24.73% to the total equity turnover volume and value respectively.

The NGX All-Share Index appreciated by 1.27% or 657.71 index points from 51,557.41 index points in the previous week to 52,215.12 index points last week. While the market capitalisation of all listed equities gained 1.28% or N355 billion to N28.158 trillion, up from N27.803 trillion recorded in the previous week.

However, all other indices closed lower with the exception of the NGX-Main Board, NGX 30, NGX MERI Growth, NGX Oil/Gas, NGX Lotus II Indices which appreciated at 3.38%, 0.91%, 0.30%, 0.02% and 0.60% while, the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat.

Twenty equities appreciated in price during the week, lower than Thirty-one in the previous week. Thirty-two equities depreciated in price higher than Twenty-six in the previous week, while one hundred and four equities remained unchanged higher than ninety-nine equities recorded in the previous week.