Nigerian Exchange Limited
Stock Investors Gained N194 Billion as Dangote Cement, Others Closed Green Last Week
Activity at the exchange surged by over 50% with stock investors transacting 1.410 billion shares worth N15.510 billion in 19,025 deals
The Nigerian stock exchange rebounded from its bearish trend slightly last week as stocks of Dangote Cement, FTN Cocoa Processors Plc, NAHCo and others closed in the green.
During the week, activity at the exchange surged by over 50% with stock investors transacting 1.410 billion shares worth N15.510 billion in 19,025 deals, in contrast to a total of 598.817 million shares valued at N14.234 billion that exchanged hands in 15,859 deals in the previous week.
Breaking down each sector, the financial services industry led the activity chart with 804.570 million shares valued at N6.300 billion traded in 9,922 deals. Therefore, the industry contributed 57.04% and 40.62% to the total equity turnover volume and value, respectively.
The agriculture industry followed with 357.623 million shares worth N287.992 million in 560 deals. In third place
was the conglomerates industry, with a turnover of 68.309 million shares worth N97.051 million in 530 deals.
Access Holdings Plc, FTN Cocoa Processors Plc and Fidelity Bank Plc were the three most traded equities during the week. The three accounted for a combined 800.622 million shares worth N3.373 billion in 2,051 deals that contributed about 56.76% and 21.75% to the total equity turnover volume and value, respectively.
The Nigerian Exchange Limited (NGX) All-Share Index appreciated by 0.81%, or 356.54 index points from 43,912.64 index points recorded in the previous week to 44,269.18 index points. NGX market value rose by N194 billion to N24.122 trillion, up from N23.918 trillion filed in the previous week.
Similarly, all other indices finished higher with the exception of NGX-Main Board, NGX CG, NGX Banking, NGX Pension, NGX Insurance, NGX-AFR Bank Value, NGX MERI Value, NGX Consumer Goods, NGX Oil & Gas and NGX Sovereign Bond indices which depreciated by 0.44%, 0.27%, 1.87%, 0.44%, 1.35%, 0.79% 0.98% 2.32%, 5.37% and 1.36% respectively, while the NGX ASeM and NGX Growth indices closed flat.
Twenty equities appreciated in price during the week, lower than twenty-nine equities in the previous week. Forty-three equities depreciated in price higher than thirty-one in the previous week, while ninety-four equities remained unchanged lower than ninety-seven equities recorded in the previous week.
The Exchange has lost 9.70% this quarter and year-to-date return moderated to 3.63%. See other details below.
