May 21, (THEWILL)- The NGX All-Share Index and Market Capitalization depreciated by 0.11% and 0.10% to close at 98,125.73 and N55.508 trillion respectively last week
A total turnover of 1.652 billion shares worth N42.677 billion in 38,123 deals was traded by investors on the floor of the Exchange, in contrast to a total of 2.187 billion shares valued at N50.667 billion that exchanged hands the previous week in 45,277 deals.
The Financial Services Industry (measured by volume) led the activity chart with 979.479 million shares valued at N16.647 billion traded in 20,708 deals; thus contributing 59.30% and 39.01% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 239.825 million shares worth N2.879 billion in 2,178 deals. The third place was the Consumer Goods Industry, with a turnover of 148.685 million shares worth N3.525 billion in 4,757 deals.
Trading in the top three equities namely Custodian Investment Plc, Guaranty Trust Holding Company Plc and Access Holdings Plc (measured by volume) accounted for 500.343 million shares worth N11.768 billion in 6,551 deals, contributing 30.29% and 27.57% to the total equity turnover volume and value respectively.
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.
