The Nigerian Exchange Limited (NGX) closed in the green for a second consecutive week last week as investors have started returning to the Exchange following interest rates hike that eroded interests.
Investors transacted 1.195 billion shares worth N12.924 billion in 19,305 deals during the week under review, against a total of 914.443 million shares valued at N15.263 billion that exchanged hands in 18,021 deals in the previous week.
Breaking down each sector, the Financial Services Industry led the activity chart with 1.017 billion shares valued at N5.685 billion traded in 10,107 deals. Therefore, contributing 85.09% and 43.99% to the total equity turnover volume and value respectively. The
ICT Industry followed with 37.063 million shares worth N4.575 billion in 1,996 deals. While the third place was the Consumer Goods Industry, with a turnover of 35.184 million shares worth N1.209 billion in 2,471 deals.
During the week, Sterling Bank Plc., Fidelity Bank Plc and Access Holdings Plc were the most traded equities. Together, the three accounted for 540.056 million shares worth N1.499 billion that exchanged hands in 2,179 deals and contributed a combined 45.18% and 11.60% to the total equity turnover volume and value, respectively.
The market value of all listed equities appreciated by N197 billion from N26.797 trillion recorded in the previous week to settle at N26.994 trillion last week.
The NGX All-Share Index grew by 0.73% or 363.68 index points to 50,045.83 index points, up from 49,682.15 index points it closed in the previous week. The Exchange year-to-date return inched higher to 17.16%
Similarly, all other indices finished higher with the exception of NGX- Growth Index which depreciated by 0.51% while, the NGX ASeM and NGX Sovereign Bond indices closed flat.
Forty-three equities appreciated in price during the week, higher than Twenty-seven equities in the previous week. Twenty-one equities depreciated in price lower than thirty-eight in the previous week, while ninety-two equities remained unchanged higher than ninety-one equities recorded in the previous week.
