The Equities Market recorded a N4 billion gain in the third week trading in March with N29.90 trillion as against N29.89 on Monday. Data by the Nigerian Exchange (NGX) Limited Weekly Report showed that the bourse also ended positive in the All-Share Index (ASI) with 54,892.53 against 54,886.04 basis points.
The report showed that a total turnover of 1.689 billion shares worth N11.066 billion in 14,019 deals was traded in the week by investors on the floor of the Exchange, in contrast to a total of 853.745 million shares valued at N11.841 billion that exchanged hands last week in 18,543 deals.
The Healthcare Industry (measured by volume) led the activity chart with 1.086 billion shares valued at N1.627 billion traded in 267 deals; thus contributing 64.32% and 14.70% to the total equity turnover volume and value respectively. The Financial Services Industry followed with 379.556 million shares worth N4.547 billion in 6,711 deals. The third place was the Conglomerates Industry, with a turnover of 89.526 million shares worth N131.231 million in 534 deals.
Trading in the top three equities namely Neimeth International Pharmaceuticals Plc, Transnational Corporation Plc and United Bank for Africa Plc, (measured by volume) accounted for 1.248 billion shares worth N2.347 billion in 1,102 deals, contributing 73.89% and 21.21% to the total equity turnover volume and value respectively.
On the Exchange Traded Products (ETP), a total of 6,141 units valued at N1.838 million were traded this week in 47 deals compared with a total of 6,224 units valued at N1.541 million transacted last week in 56 deals.
For Bonds, a total of 20,336 units valued at N20.465 million were traded this week in 20 deals compared with a total of 98,883 units valued at N94.102 million transacted in the week in 31 deals Reply, Reply All or Forward
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
