Equity market closes with mixed feelings


A total turnover of 949.819 million shares worth N9.329 billion in 18,525 trades was traded last week by investors on the stock exchange floor, as opposed to a total of N1.195 billion. shares worth N12.924 billion which traded last week in 19,305 bids.

The financial services sector (measured by volume) topped the business chart with 735.300 million shares valued at N4.133 billion traded in 10,186 deals; thus contributing 77.41% and 44.30% respectively to the volume and value of the total turnover of shares. The conglomerate industry followed with 69.775 million shares worth N191.041 million in 570 deals.

Third place was the ICT industry, with turnover of 44.439 million shares worth N2.875 billion in 1,744 transactions. Trading in the top three stocks, namely Sterling Bank Plc, United Bank for Africa Plc and Transnational Corporation Plc (measured by volume), accounted for 472.701 million shares worth N1.164 billion in 2,333 trades, contributing at 49.77% and 12.48% to the total turnover of the shares. volume and value respectively.

A total of 3,952 units worth N1.692 million were traded this week in 32 deals, compared to a total of 7,811 units worth N837,295.25 traded last week in 25 deals.

A total of 219,620 units worth N243.115 million were traded this week in 30 deals, compared to a total of 28,192 units worth N27.904 million traded last week in 11 deals.

The NGX All-Share Index and market capitalization depreciated by 0.70% to close the week at 49,695.12 and 26,805 trillion naira respectively.

Similarly, all the other indices ended down with the exception of the NGX Insurance, NGX MERI Value and NGX Consumer Goods indices which appreciated by 1.04%, 0.87% and 0.72%, while the NGX ASeM index closed flat.

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