BusinessEquity Market Records 1.7bn Shares In Weekly Trading

Equity Market Records 1.7bn Shares In Weekly Trading

February 21, (THEWILL) – A total turnover of 1.713 billion shares worth N30.764 billion in 24,767 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 1.331 billion shares valued at N22.700 billion that exchanged hands the previous week in 27,822 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.064 billion shares valued at N12.201 billion traded in 11,708 deals; thus contributing 62.14% and 39.66% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 156.077 million shares worth N5.004 billion in 4,877 deals. The third place was The Conglomerates Industry, with a turnover of 113.554 million shares worth N309.833 million in 1,062 deals.

Trading in the top three equities namely Access Bank Plc, Guaranty Trust Holding Company Plc and Fidelity Bank Plc, (measured by volume) accounted for 500.778 million shares worth N7.455 billion in 3,603 deals, contributing 29.23% and 24.23% to the total equity turnover volume and value respectively.

Glo

The NGX All-Share Index and Market Capitalization depreciated by 0.13% and 0.12% to close the week at 47,140.48 and N25.406 trillion respectively.

However, all other indices finished higher with the exception of NGX Premium, NGX Banking, NGX AFR Bank value, NGX Oil & Gas and NGX Industrial Goods which depreciated by 0.29%, 0.74%, 0.86%, 3.45%, and 0.32% respectively while the NGX Main Board, NGX Asem, NGX Growth and NGX Sovereign Bond Indices closed flat.

Forty-three (43) equities appreciated at price during the week, lower than Forty-four (44) equities in the previous week. Thirty-eight (38) equities depreciated in price, higher than Thirty-one (31) equities in the previous week, while Seventy-five (75) equities remained unchanged higher than

Eighty-one (81) equities recorded in the previous week.

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