August 20, (THEWILL) – The Equities market closed the week of August 14 in the negative territory..
The NGX All-Share Index and Market Capitalization depreciated by 0.93% and 0.42% to close the week at 64,721.09 and N35.422 trillion respectively, resulting in a N150 billion loss against the N35.572 trillion the market opened with on Monday.
A total turnover of 1.689 billion shares worth N29.407 billion in 29,477 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 1.741 billion shares valued at N25.087 billion that exchanged hands last week in 30,652 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.166 billion shares valued at N16.925 billion traded in 13,819 deals; thus contributing 69.04% and 57.55% to the total equity turnover volume and value respectively. The Conglomerates
Industry followed with 191.320 million shares worth N843.336 million in 1,829 deals. The third place was the Oil & Gas Industry, with a turnover of 64.352 million shares worth N810.637 million in 2,159 deals.
Trading in the top three equities namely FBN Holdings Plc, Transnational Corporation Plc and Fidelity Bank Plc (measured by volume) accounted for 576.688 million shares worth N6.911 billion in 3,524 deals, contributing 34.14% and 23.50% to the total equity turnover volume and value respectively.
