December 22, 2024
Stocks
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By Abibat Aliu

The NGX recorded a turnover of 1.005 billion shares worth N10.406 billion in 17,844 deals this week in contrast to a total of 562.856 million shares valued at N9.438 billion that exchanged hands last week in 16,013 deals.

  As usual, the Financial Services Industry (measured by volume) led the activity chart with 757.289 million shares valued at N6.947 billion traded in 9,483 deals; thus contributing 75.38% and 66.76% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 75.118 million shares worth N82.955 million in 494 deals. The third place was the Consumer Goods Industry, with a turnover of 50.186 million shares worth N1.457 billion in 2,798 deals.

Trading in the top three equities namely Jaiz Bank Plc, Guaranty Trust Holding Company Plc, and Zenith Bank Plc. (measured by volume) accounted for 460.216 million shares worth N4.963 billion in 4,281 deals, contributing 45.81% and 47.69% to the total equity turnover volume and value respectively.

  The NGX All-Share Index depreciated by 0.01% to close the week at 49,024.16 while Market Capitalization appreciated by 0.03% to close N26.451 trillion.

Similarly, all other indices finished lower with the exception of NGX Main-Board, NGX 30, NGX Oil & Gas and NGX Industrial Goods, which appreciated by 0.25%, 0.04%, 0.20%, and 3.01% while The NGX ASeM, NGX Growth and NGX Sovereign Bond indices closed flat.

 A total of 25 equities appreciated in price during the week, higher than 17 equities in the previous week, even as 33 equities depreciated in price lower than 42 in the previous week, while 98) remained unchanged higher than 97 recorded in the previous week

A total of 5,937 units  of ETP valued at N21.716 million were traded this week in 18 deals compared with a total of 4,938 units valued at N2.135 million transacted last week in 18 deals.

 A total of 35,327 units of Bonds valued at N35.758 million were traded this week in 21 deals compared with a total of 2,961 units valued at N2.994 million transacted last week 8 deals.

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