BusinessMixed Sentiments Trail Equity Market

Mixed Sentiments Trail Equity Market

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A total turnover of 938.020 million shares worth N16.701 billion in 15,700 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 491.815 million shares valued at N11.922 billion that exchanged hands last week in 14,350 deals.

The Financial Services Industry (measured by volume) led the activity chart with 501.278 million shares valued at N5.080 billion traded in 8,279 deals; thus contributing 53.44% and 30.42% to the total equity turnover volume and value respectively.

The ICT Industry followed with 316.347 million shares worth N8.729 billion in 1,249 deals. The third place was the Oil and Gas Industry, with a turnover of 28.244 million shares worth N983.561 million in 846 deals.

Trading in the top three equities namely CWG Plc, Guaranty Trust Holding Company Plc and Fidelity Bank Plc. (measured by volume) accounted for 490.324million shares worth N2.905 billion in 2,860 deals, contributing 52.27% and 17.39% to the total equity turnover volume and value respectively.

The NGX All-Share Index and Market Capitalization depreciated by 6.67% to close the week at 44,396.73 and N24.182 trillion respectively. Similarly, all other indices finished lower with the exception of NGX CG, NGX Banking,

NGX Pension, NGX AFR Bank, NGX AFR Div Yield, NGX MERI Growth, NGX MERI Value and NGX Industrial which appreciated by 0.17%, 0.15%, 0.58%, 2.10%, 2.45%, 1.22%,

3.12% and 3.22% respectively, while the NGX ASeM, NGX Growth and NGX Sovereign Bond indices closed flat.

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