NGX records weekly gain of N1.26 trillion
The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation appreciated by 1.35 per cent and 1.36 per cent to close the week at 148,977.64 and N94.561 trillion, respectively.
This is compared favourably with 146,988.04 and N93.296 trillion recorded in the previous week.
Consequently, equities investors gained N1.265 trillion during the week under review.
Similarly, all other indices finished higher except NGX CG, NGX Banking, NGX AFR Bank Value, NGX AFR Div Yield, NGX MERI Growth, NGX MERI Value, and NGX Growth Indices.
These depreciated by 0.19 per cent, 0.13 per cent, 0.51 per cent, 0.93 per cent, 0.97 per cent, 0.68 per cent, and 2.08 per cent, respectively.
A total turnover of 2.422 billion shares worth N76.618 billion in 126,591 deals was traded by investors this week.
This contrasted with 2.286 billion shares valued at N90.280 billion exchanged last week 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.
This accounted for 68.65 per cent and 42.50 per cent of the total equity turnover volume and value, respectively.
The ICT industry followed with 184.884 million shares worth N8.662 billion in 11,500 transactions.
The services industry placed third with a turnover of 154.537 million shares worth N1.066 billion in 5,975 deals.
Trading in Consolidated Hallmark Holdings Plc, Fidelity Bank Plc, and Access Holdings Plc accounted for 618.549 million shares worth N9.220 billion in 9,277 deals.
These contributed 25.54 per cent and 12.03 per cent to the total equity turnover volume and value, respectively.
Fifty-two equities appreciated in price during the week, higher than the 51 recorded in the previous week.
Forty-one equities depreciated in price, the same as the previous week, while 53 remained unchanged, lower than the 55 recorded earlier.
The top five gainers were Sovereign Trust Insurance, Royal Exchange, Eunisell Interlinked, SFS Real Estate Investment Trust, and Omatek Ventures. They gained 36k, 24k, N4.40, N37.65, and 13k, respectively.
The week’s top losers were Tripple Gee, Academy Press, Regency Alliance Insurance, Livingtrust Mortgage Bank, and Industrial and Medical Gases.
These declined by N1.14, N1.72, 23k, 70k, and N3.55, respectively.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Diaspora
Canadian trucker runs red light, crushes Nigerian student to death in bus shelter
Multiple sources told Peoples Gazette that the teenage student was in a bus shelter when the truck rammed into her.
Politics
Enugu government slashes C of O, other land-related fees by 50%
Governor Peter Mbah has approved a 50 per cent slash in fees for the processing of certificates of occupancy and other land-related documents.
Economy
New tax law to benefit poor Nigerians more than rich people: CITN President
The president of the Chartered Institute of Taxation of Nigeria, Innocent Ohagwa, says the new tax reform will rather benefit the downtrodden than impoverish them.
Economy
Ekeoma Nzeibe emerges as NCRIB’s third female president
The investiture ceremony is scheduled to be held at the Landmark Centre, Oniru, Victoria Island, Lagos.
Diaspora
Security key to our investment in Nigeria, say diasporans
The Global United Christian Congress of Africa and Diaspora has urged the Nigerian government to prioritise security as a prerequisite for investments.
Economy
NAPTAN: Parents, teachers urge FG to shut down schools collecting tuition fees in dollars
The NAPTAN chairman reaffirmed the association’s full support for the minister, insisting that demanding fees in foreign currencies damages the economy.
