Nigerian Stock Market Appreciates by 0.13% as Ytd Return Hits 30.83%

The Nigerian Exchange Limited (NGX) extended its gain last week after posting 0.50% in the previous week to close the week with a 0.13% gain.

During the week, investors transacted a total turnover of 1.952 billion shares worth N35.864 billion in 48,553 deals, against 1.482 billion shares valued at N38.875 billion that were exchanged in 44,795 deals in the previous week.

Breaking down key sectors, the Financial Services Industry led the activity chart with 1.041 billion shares valued at N16.207 billion traded in 21,099 deals. Therefore, the sector contributed 53.34% and 45.19% to the total equity turnover volume and value respectively.

While the Oil and Gas Industry followed with 273.407 million shares worth N6.717 billion in 5,489 deals.

In Third place was the Services Industry with a turnover of 141.184 million shares worth N779.166 million in 3,072 deals.

Japaul Gold and Ventures Plc, FBN Holdings Plc and Access Holdings Plc were the three most traded equities during the week under review.  Together, the three accounted for a combined 461.500 million shares worth N6.183 billion in 4,658 deals, contributing 23.64% and 17.24% to the total equity turnover volume and value, respectively.

The NGX All-Share Index appreciated by 0.11% from 97,722.28 index points it closed in the previous week to 97,829.02 index points last week.

Market Capitalization grew by 0.13% to close the week at N59.292 trillion, up from N59.215 trillion while the year-to-date return rose to 30.83%.

Similarly, all other indices finished higher with the exception of NGX Main Board, NGX CG, NGX Banking, NGX Pension, NGX AFR Bank Value, NGX MERI Growth, NGX Growth and NGX Sovereign Bond which depreciated by 0.02%, 0.75%, 2.57%, 0.45% 2.52%, 0.71%, 13.47% and 0.03% respectively while the NGX ASeM index closed flat.

Fifty-two equities appreciated in price during the week higher than thirty-nine equities in the previous week. Thirty-three equities depreciated in price lower than forty-six in the previous week, while sixty-eight equities remained unchanged, higher than sixty-seven recorded in the previous week.