The NGX All-Share Index and Market Capitalization appreciated by 0.48% to close last week at 55,794.51 and N30.395 trillion respectively, the Nigerian Exchange announced in its weekly report ended March 10, 2023.
The report stated that a total turnover of 1.023 billion shares worth N20.221 billion in 18,650 deals was traded in the week by investors on the floor of the Exchange, in contrast to a total of 1.910 billion shares valued at N18.436 billion that exchanged hands last week in 20,311 deals.
The Financial Services Industry (measured by volume) led the activity chart with 414.427 million shares valued at N5.646 billion traded in 8,136 deals; thus contributing 40.50% and 27.92% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 307.868 million shares worth N479.512 million in 1,122 deals. The third place was the Industrial Goods Industry, with a turnover of 104.234 million shares worth N10.354 billion in 1,334 deals.
Trading in the top three equities namely Transnational Corporation Plc, Guaranty Trust Holding Company Plc and BUA Cement Plc. (measured by volume) accounted for 447.809 million shares worth N9.556 billion in 2,018 deals, contributing 43.76% and 47.26% to the total equity turnover volume and value respectively.
For the Exchange Traded Products (ETP) segment, a total of 11,382 units valued at N1.883 million were traded this week in 74 deals compared with a total of 30,547 units valued at N7.299 million transacted last week in 50 deals.
For Bonds, the report further revealed that a total of 54,802 units valued at N55.699 million were traded in the week in 14 deals compared with a total of 39,151 units valued at N37.062 million transacted last week in 17 deals.
“Similarly, all other indices finished higher with the exception of NGX Main Board, NGX CG, NGX Banking, NGX Pension, NGX AFR Bank Value, NGX AFR Div. Yield, NGX MERI Growth, NGX MERI Value, NGX Consumer Goods and NGX Oil and Gas indices which depreciated by 0.09%, 0.74%, 1.82%, 0.57%, 2.04%, 0.57%, 0.88%, 1.91%, 0.26% and 3.82% respectively while the NGX ASeM index closed flat.”
About the Author
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.
