Lagos: The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation showed an increase of 1.35 percent and 1.36 percent, ending the week at 148,977.64 and N94.561 trillion, respectively. These figures marked an improvement from the previous week’s 146,988.04 and N93.296 trillion, resulting in a gain of N1.265 trillion for equities investors during the week.
According to News Agency of Nigeria, all indices, except for NGX CG, NGX Banking, NGX AFR Bank Value, NGX AFR Div Yield, NGX MERI Growth, NGX MERI Value, and NGX Growth Indices, closed higher. These indices saw declines of 0.19 percent, 0.13 percent, 0.51 percent, 0.93 percent, 0.97 percent, 0.68 percent, and 2.08 percent, respectively. The week witnessed a total turnover of 2.422 billion shares worth N76.618 billion in 126,591 deals, compared to the previous week’s 2.286 billion shares valued at N90.280 billion in 138,177 deals.
The Financial Services Industry led the activity chart with 1.662 billion shares worth N32.565 billion traded in 56,253 deals, accounting for 68.65 percent and 42.50 percent of the total equity turnover volume and value, respectively. Following closely was the ICT Industry, with 184.884 million shares worth N8.662 billion in 11,500 transactions. The Services Industry secured third place with a turnover of 154.537 million shares valued at N1.066 billion in 5,975 deals.
Trading in Consolidated Hallmark Holdings Plc, Fidelity Bank Plc, and Access Holdings Plc contributed 618.549 million shares worth N9.220 billion across 9,277 deals, making up 25.54 percent and 12.03 percent of the total equity turnover volume and value, respectively. The week saw 52 equities appreciate in price, slightly higher than the 51 recorded in the previous week. Meanwhile, 41 equities depreciated, consistent with the prior week, and 53 remained unchanged, a slight decrease from 55 earlier.
The top gainers of the week included Sovereign Trust Insurance, Royal Exchange, Eunisell Interlinked, SFS Real Estate Investment Trust, and Omatek Ventures, with gains of 36k, 24k, N4.40, N37.65, and 13k, respectively. Conversely, the week’s top losers were Tripple Gee, Academy Press, Regency Alliance Insurance, Livingtrust Mortgage Bank, and Industrial and Medical Gases, with declines of N1.14, N1.72, 23k, 70k, and N3.55, respectively.