Nigerian Exchange Limited
Stock Investors Rake in N1.671 Trillion with a 5.49% Gain Last Week
UBA, GT Holding, and Access Holdings Among Top Traded Equities, Accounting for 34.50% of Turnover Volume
Seventy-Seven Equities Rally as Market Capitalization Reaches N32.126 Trillion
Financial Services Industry Leads Trading Activity with 77.26% Turnover Volume Contribution
Year-to-Date Return Climbs to 15.12% as Majority of Indices Register Gains
Investors in the Nigerian stock market pocketed an impressive gain of N1.671 trillion last week, riding on the wave of positive sentiment triggered by President Bola Ahmed Tinubu’s presidency.
In the four trading days week, investors transacted a total of 4.276 billion shares worth N62.176 billion in 44,344 deals, in contrast to a total of 2.196 billion shares valued at N45.971 billion that exchanged hands in 31,655 deals in the previous week.
Analysing the week’s performance, the financial services industry led the activity chart with 3.303 billion shares valued at N45.244 billion traded in 23,490 deals, therefore it contributed 77.26% and 72.77% to the total equity turnover volume and value, respectively. The Oil and Gas Industry followed with 247.383 million shares worth N2.368 billion in 3,561 deals.
In third place was the consumer goods industry, with a turnover of 223.315 million shares worth N4.640 billion in 5,982 deals.
United Bank for Africa Plc, Guaranty Trust Holding Company Plc and Access Holdings Plc were the three most traded equities in the week under review. The three accounted for a combined 1.475 billion shares worth N27.648 billion that were traded in 8,875 deals and contributed 34.50% and 44.47% to the total equity turnover volume and value, respectively.
The NGX All-Share Index appreciated by 5.49% to close the week at 59,000.96 index points, up from 55,930.97 index points reported in the previous week while market capitalisation of all the listed equities grew to N32.126 trillion from N30.455 trillion, respectively.
The year-to-date return rose to 15.12% all other indices finished higher with the exception of NGX Industrial Goods and NGX Growth which depreciated by 1.63% and 1.07% respectively while the NGX ASeM index closed flat
Seventy-seven equities appreciated in price during the week higher than fifty-two equities in the previous week. Twenty-four equities depreciated in price lower than twenty-seven in the previous week, while fifty-five equities remained unchanged, lower than seventy-seven recorded in the previous week.
