Nigerian Exchange Limited
Nigerian Stock Market Extends Year-to-Date Gain to 2.62%
Investors in the Nigerian stock market transacted 1.241 billion shares worth N15.668 billion in 18,560 deals last week
Despite growing global and domestic uncertainties ahead of Nigeria’s general elections, the Nigerian Exchange Limited (NGX) grew by 0.16% last week.
Investors in the Nigerian stock market transacted 1.241 billion shares worth N15.668 billion in 18,560 deals during the week, against a total of 1.286 billion shares valued at N29.634 billion that exchanged hands in 19,816 deals in the previous week.
Breaking down each of the sectors, Investors King discovered that the financial services industry led the activity chart with 1.010 billion shares valued at N5.924 billion traded in 9,165 deals. Therefore, contributing 81.37% and 37.81% to the total equity turnover volume and value, respectively.
The conglomerates industry followed with 46.761 million shares worth N112.918 million in 641 deals. In third place was the consumer goods industry, with a turnover of 42.121 million shares worth N2.134 billion in 2,886 deals.
Veritas Kapital Assurance Plc, Sterling Bank Plc, and Guaranty Trust Holding Company Plc were the three most traded equities during the week. The three accounted for 605.879 million shares worth N2.120 billion exchanged in 1,631 deals and contributed 48.82% and 13.53% to the total equity turnover volume and value, respectively.
The market value of all listed equities grew by 0.16% to close the week at N28.647 trillion while the NGG All-Share Index appreciated by the same 0.16% to close the week at 52,594.68 index points.
Similarly, all other indices finished higher with the exception of NGX CG, NGX Premium, NGX Banking, NGX Pension, NGX AFR Bank Value, NGX AFR Div. Yield, NGX MERI Value, NGX Consumer Goods, NGX Industrial Goods, NGX Insurance and NGX Growth indices which depreciated by 1.17%, 1.18%, 2.60%, 0.64%, 2.66%, 2.05%, 2.34%, 0.40% and 1.06% respectively, while the NGX ASeM and NGX Sovereign Bond indices closed flat.
Thirty-nine equities appreciated in price during the week, lower than fifty-one equities in the previous week. Thirty equities depreciated in price higher than twenty-seven in the previous week, while eighty-eight equities remained unchanged, higher than seventy-nine equities recorded in the previous week.
The Exchange year-to-date returns grew to 2.62% last week. See other details below.
