NGX All-Share Index Gains 0.66 Percent in Last Week

The Nigerian Exchange Limited (NGX) All-Share Index extended gains to 0.66 percent last week amid positive financial statement reports for the third quarter.

The index rose by 275.34 index points or 0.66 percent from 41,763.26 index points recorded in the previous week to 42,038.60 index points last week. In the month of October, the bourse gained 4.52 percent to bolster the year-to-date return to 4.39 percent after months of posting negative returns.

Market capitalisation of all listed equities appreciated by N144 billion from N21.794 trillion in the previous week to N21.938 trillion last week.

Stock investors traded 3.001 billion shares worth N34.547 billion in 25,932 deals during the week, against a total of 1.565 billion shares valued at N18.384 billion that exchanged hands last week in 21,621 deals.

In terms of volume traded, the Financial Services Industry led the activity chart with 1.600 billion shares valued at N15.608 billion traded in 14,065 deals. Therefore, contributed 53.33 percent and 45.18 percent to the total equity turnover volume and value, respectively.

The Oil and Gas Industry followed with 845.699 million shares worth N11.725 billion in 1,706 deals. The third place was Conglomerates Industry, with a turnover of 220.120 million shares worth N335.235 million in 1,238 deals.

Eterna Plc, FBN Holdings Plc, and Transnational Corporation of Nigeria Plc were the three most traded stocks in the week. The three accounted for a combined 1.731 billion shares worth N19.681 billion in 4,207 deals, translating to 57.66 percent and 56.97 percent of the total equity turnover volume and value, respectively.

All other indices finished higher with the exception of NGX CG and NGX Meri Value indices which depreciated by 0.04% and 2.20% respectively, while the NGX ASeM and NGX Growth Indices closed flat.

During the week,  a total of 47 equities appreciated in price, against the 34 equities posted in the previous week. However, a total of 25 equities depreciated in price, lower than the 36 equities recorded in the previous week, while the 84 equities that remained unchanged were lower than the 86 equities that were flat in the previous week.