Nigeria’s equities market closed in August with a loss of N56 billion as the bearish trend which started in May continued to reconstruct the trading outcomes after market capitalization peaked at N29 trillion in May.
Trading on the last day, August 31, closed at N26.88 trillion and All-Share Index of 49,950.32 as against N26.93 trillion and All-Share Index of 49,836.51 the market recorded at the close of trading on August 1.
For the last week of August, a total turnover of 1.195 billion shares worth N12.924 billion in 19,305 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 914.443 million shares valued at N15.263 billion that exchanged hands last week in 18,021 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.017 billion shares valued at N5.685 billion traded in 10,107 deals; thus contributing 85.09% and 43.99% to the total equity turnover volume and value respectively.
The ICT Industry followed with 37.063 million shares worth N4.575 billion in 1,996 deals. The third place was the Consumer Goods Industry, with a turnover of 35.184 million shares worth N1.209 billion in 2,471 deals.
Trading in the top three equities namely Sterling Bank Plc., Fidelity Bank Plc and Access Holdings Plc (measured by volume) accounted for 540.056 million shares worth N1.499 billion in 2,179 deals, contributing 45.18% and 11.60% to the total equity turnover volume and value respectively.
For exchange-traded products (ETP) a total of 7,811 units valued at 837,295.25 were traded this week in 25 deals compared with a total of 6,968 units valued at N894,205.74 transacted last week in 17 deals.
For bonds, a total of 28,192 units valued at N27.904 million were traded this week in 11 deals compared with a total of 17,470 units valued at N18.192 million transacted last week 15 deals.
The NGX All-Share Index and Market Capitalization appreciated by 0.73% to close the week at 50,045.83 and N26.994 trillion respectively. Similarly, all other indices finished higher with the exception of NGX- Growth Index which depreciated by 0.51% while, the NGX ASeM and NGX Sovereign Bond indices closed flat.
Forty-three (43) equities appreciated in price during the week, higher than Twenty-seven (27) equities in the previous week. Twenty-one (21) equities depreciated in price lower than thirty-eight (38) in the previous week, while ninety-two (92) equities remained unchanged higher than ninety-one (91) equities recorded in the previous week.
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