BusinessEquity Market Records Mixed Sentiments

Equity Market Records Mixed Sentiments


A total turnover of 562.856 million shares worth N9.438 billion in 16,013 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 719.398 million shares valued at N8.004 billion that exchanged hands last week in 17,444 deals.

The Financial Services Industry (measured by volume) led the activity chart with 381.958 million shares valued at N4.551 billion traded in 8,627 deals; thus contributing 67.86% and 48.21% to the total equity turnover volume and value respectively. The ICT Industry

followed with 59.345 million shares worth N2.480 billion in 1,272 deals. The third place was the Services Industry, with a turnover of 32.212 million shares worth N95.807 million in 607 deals.


Trading in the top three equities namely Zenith Bank Plc, NGX Group Plc and Guaranty. Trust Holding Company Plc. (measured by volume) accounted for 183.929 million shares worth N3.499 billion in 3,628 deals, contributing 32.68% and 37.07% to the total equity turnover volume and value respectively.

For Exchange-Traded Product (ETP), a total of 4,938 units valued at N2.135 million were traded this week in 18 deals compared with a total of 2,172 units valued at N352,773.56 transacted last week in 18 deals.

For bonds, a total of 2,961 units valued at N2.994 million were traded this week in 8 deals compared with a total of 15,945 units valued at N16.238 million transacted last week 15 deals.

The NGX All-Share Index and Market Capitalization depreciated by 0.91% to close the week at 49,026.62 and N26.445 trillion respectively. Similarly all other indices finished lower with the exception of NGX Premium, NGX Banking, NGX Pension, NGX AFR Bank Value and NGX MERI Value which appreciated by 0.13%,

2.27%, 0.05%, 0.08% and 1.84% while The NGX ASeM, NGX Growth and NGX SOVBND indices closed flat.


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