Investors in Nigeria’s equities market gained N33.7 billion as the first trading week of May 2023 ended on a positive note.
The NGX All-Share Index and Market Capitalization appreciated by 0.12% to close the week at 52,465.31 and N28.568 trillion respectively,
This was against the 52,403.51 and N28,533 trillion respectively recorded in the previous week.
The Market opened for four trading days kast week as the Federal Government of Nigeria declared Monday 1st May, 2023 as Public Holidays to mark the Workers’ Day celebration.
A total turnover of 2.973 billion shares worth N22.828 billion in 23,765 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 14.029 billion shares valued at N59.007 billion that exchanged hands last week in 24,048 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.458 billion shares valued at N14.082 billion traded in 13,115 deals; thus contributing 49.04% and 61.69% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 1.254 billion shares worth N3.123 billion in 1,662 deals.
The third place was the Consumer Goods Industry, with a turnover of 71.425 million shares worth N1.468 billion in 3,177 deals. Trading in the top three equities namely Transnational Corporation Plc, Access Holdings Plc and Fidelity Bank Plc, (measured by volume) accounted for 2.074 billion shares worth N11.297 billion in 5,966 deals, contributing 69.76% and 49.49% to the total equity turnover volume and value respectively.
