Home Business Equities Market Cap Climbs 2.04% to N28.5trn

Equities Market Cap Climbs 2.04% to N28.5trn

Equity Market - stocks - ngx

The NGX All-Share Index and Market Capitalization appreciated by 2.04% to close last week at 52,403.51 and N28.534 trillion respectively.

The Market opened for four trading days week as the Federal Government declared Friday 21st April, 2023 and Monday 24th April, 2023 as Public Holidays to mark the Eid el-Fitr celebration.

A total turnover of 14.029 billion shares worth N59.007 billion in 24,048 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 3.920 billion shares valued at N15.620 billion that exchanged hands last week in 16,856 deals.

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The Conglomerates Industry (measured by volume) led the activity chart with 11.399 billion shares valued at N30.990 billion traded in 2,310 deals; thus contributing 81.25% and 52.52% to the total equity turnover volume and value respectively.

The Financial Services Industry followed with 2.185 billion shares worth N22.225 billion in 11,946 deals. The third place was the Oil and Gas Industry, with a turnover of 117.097 million shares worth N648.971 million in 1,500 deals.

Trading in the top three equities namely Transnational Corporation Plc, Access Holdings Plc and Fidelity Bank Plc, (measured by volume) accounted for 13.116 billion shares worth N47.928 billion in 6,614 deals, contributing 93.49% and 81.22% to the total equity turnover volume and value respectively

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