BusinessMarket Cap, ASI Depreciate In Weekend Of Feb 9

Market Cap, ASI Depreciate In Weekend Of Feb 9

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February 11, (THEWILL) – The NGX All-Share Index and Market Capitalization depreciated by 2.45% and 2.49% to close the week at 101,858.37 and N55.735 trillion respectively.

A total turnover of 2.478 billion shares worth N47.856 billion in 54,982 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 3.893 billion shares valued at N95.147 billion that exchanged hands last week in 69,117 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.687 billion shares valued at N28.514 billion traded in 25,751 deals; thus contributing 68.10% and 59.58% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 210.272 million shares worth N2.988 billion in 4,419 deals. The third place was the Oil and Gas Industry, with a turnover of 203.777 million shares worth N2.139 billion in 4,544 deals.

Trading in the top three equities namely FBN Holdings Plc, Transnational Corporation Plc and Jaiz Bank Plc (measured by volume) accounted for 732.804 million shares worth

N13.705 billion in 7,040 deals, contributing 29.57% and 28.64% to the total equity turnover volume and value respectively.

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