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Equities Market Closes Negative as Financial Services Lead Pack

Equity Market - stocks - ngx

The NGX All-Share Index and Market Capitalization depreciated by 0.05% to close last week at 52,187.93 and N28.417 trillion respectively.

A total turnover of 3.029 billion shares worth N33.626 billion in 29,505 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 3.602 billion shares valued at N36.451 billion that exchanged hands last week in 27,801 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.095 billion shares valued at N21.847 billion traded in 14,008 deals; thus contributing 69.17% and 64.97% to the total equity turnover volume and value respectively.

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The Conglomerates Industry followed with 398.558 million shares worth N1.185 billion in 3,129 deals. The third place was the Services Industry, with a turnover of 270.111 million shares worth N1.853 billion in 1,317 deals.

Trading in the top three equities namely Fidelity Bank Plc, Access Holdings Plc and Transnational Corporation Plc, (measured by volume) accounted for 1.328 billion shares worth N8.159 billion in 5,286 deals, contributing 43.84% and 24.26% to the total equity turnover volume and value respectively.

Forty-four (44) equities appreciated in price during the week lower than forty-eight (48 equities in the previous week.

Twenty-seven (27) equities depreciated in price lower than thirty (30) in the previous week, while eighty-five (85) equities remained unchanged, higher than seventy- eight (78) recorded in the previous week.

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