NGX All Share Index Hits 72,000 Mark, Closing the Week with 1.18% Gain

The Nigerian Exchange (NGX) closed in the green last week as the All Share Index (ASI) broke through the 72,000 resistance level to close with a 1.18% gain.

During the week, a total turnover of 1.882 billion shares worth N31.630 billion was exchanged in 33,020 deals on the floor of the Exchange, in contrast to a total of 2.423 billion shares valued at N45.070 billion that exchanged hands in 34,704 deals in the previous week.

Breaking down each sector, the Financial Services Industry led the activity chart with 1.373 billion shares valued at N22.165 billion traded in 17,300 deals. Therefore, contributed 72.96% and 70.08% to the total equity turnover volume and value, respectively.

The Services Industry followed with 97.008 million shares worth N616.265 million in 1,949 deals.

The third place was the Consumer Goods Industry with a turnover of 86.370 million shares worth N2.136 billion in 3,819 deals.

Access Holdings Plc, Guaranty Trust Holdings Company Plc and Zenith Bank Plc were the three most traded equities and accounted for a combined 491.533 million shares worth N15.466 billion that exchanged hands in 5,997 deals and contributed 26.12% and 48.90% to the total equity turnover volume and value respectively.

The NGX All-Share Index expanded by 847.49 index points or 1.18% to settle at 72,389.23 index points while the market capitalisation appreciated by N464 billion or 1.18% to N39.613 trillion.

Similarly, all other indices finished higher with the exception of NGX Insurance, NGX ASeM, NGX Oil & Gas and NGX Growth which depreciated by 0.96%, 1.04%, 0.27% and 5.23% respectively while the NGX Sovereign Bond index closed flat.

Fifty-three equities appreciated in price during the week higher than forty-nine equities in the previous week.

Thirty-two equities depreciated in price lower than thirty-three in the previous week, while seventy equities remained unchanged, lower than seventy-three recorded in the previous week.

The year-to-date return grew to 41.24%.