BusinessEquities Market Closes Positive in Week of August 21

Equities Market Closes Positive in Week of August 21

GTCO savethedate

Date:

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August 27, (THEWILL) – The NGX All-Share Index and Market Capitalization appreciated by 1.29% to close the week at 65,558.91 and N35.881 trillion respectively

A total turnover of 1.812 billion shares worth N29.299 billion in 31,163 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 1.689 billion shares valued at N29.407 billion that exchanged hands last week in 29,477 deals.

The Financial Services Industry (measured by volume) led the activity chart with 936.685 million shares valued at N10.116 billion traded in 12,886 deals; thus contributing 51.68% and 34.53% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 461.589 million shares worth N2.333 billion in 3,451 deals. The third place was the Consumer Goods Industry, with a turnover of 127.310 million shares worth N5.003 billion in 5,792 deals.

Trading in the top three equities namely Transnational Corporation Plc, Fidelity Bank Plc and Access Holdings Plc (measured by volume) accounted for 693.533 million shares worthN5.030 billion in 5,450 deals, contributing 38.26% and 17.17% to the total equity turnover volume and value respectively.

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