BusinessEquity Market Closes On Positive Note Ahead Of Holiday Season

Equity Market Closes On Positive Note Ahead Of Holiday Season

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Amid impending holiday season, a total turnover of 814.089 million shares worth N12.204 billion in 15,488 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 1.225 billion shares valued at N15.243 billion that exchanged hands last week in 15,317 deals.

The Financial Services Industry (measured by volume) led the activity chart with 663.799 million shares valued at N5.517 billion traded in 7,240 deals; thus contributing 81.54% and 45.21% to the total equity turnover volume and value respectively.

The ICT Industry followed with 44.358 million shares worth N4.493 billion in 1,136 deals. The third place was the Consumer Goods Industry, with a turnover of 27.372 million shares worth N1.187 billion in 3,051 deals.

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Trading in the top three equities namely Sterling Bank Plc, Access Holdings Plc and Guaranty Trust Holding Company Plc (measured by volume) accounted for 394.878 million shares worth N2.847 billion in 2,274 deals, contributing 48.51% and 23.33% to the total equity turnover volume and value respectively.

The NGX All-Share Index and Market Capitalization appreciated by 0.89% to close the week at 49,316.29 and N26.861 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX Consumer Goods, NGX.

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