NGX Closed Slightly Lower Last Week

Investors at the Nigerian Exchange Limited (NGX) lost N21 billion last week after gaining N371 billion in the previous week.

Investors traded a total turnover of 866.544 million shares worth N12.257 billion in 17,291 deals last week, against a total of 1.610 billion shares valued at N12.586 billion that exchanged hands in 18,622 deals in the previous week.

In terms of volume traded, the Financial Services Industry led the activity chart with 445.324 million shares valued at N3.676 billion traded in 7,560 deals. Therefore, contributing 51.39 percent and 29.99 percent to the total equity turnover volume and value, respectively.

The Consumer Goods Industry followed with 119.649 million shares worth N4.969 billion in 3,424 deals. In the third place was ICT, with a turnover of 87.132 million shares worth N1.938 billion in 924 deals.

Honeywell Flour Mill Plc, Transnational Corporation of Nigeria Plc and Guaranty Trust Holding Company Plc were the three most traded stocks last week. The three accounted for a combined 203.753 million shares worth N 1.964 billion in 2,515 deals and contributed 23.51 percent and 16.02 percent to the total equity turnover volume and value, respectively.

The market value of all listed equities depreciated by 0.10 percent or N21 billion from N20.592 trillion recorded in the previous week to N20.571 trillion last week.

While the NGX All-Share Index dipped by 0.10 percent or 39.26 index points to 39,483.08 index points last week, down from 39,522.34 index points recorded in the previous week.

Honeywell Flour extended its bullish run last week, leading gainers with N0.95 or 46.34 percent to settle at N3 per share. Pharma-Deko Plc followed with N0.53 or 44.54 percent to close at N1.72 a share.