News

NGX posts weekly gains as investors earn N4.08tr

The Nigerian Exchange Ltd. (NGX) All-Share Index and market capitalisation appreciated by 3.84 per cent to close the week at 171,727.49 points and N110.235 trillion respectively.

This was against the previous week’s close of 165,370.40 points and N106.153 trillion.

As a result, stock market investors gained N4.082 trillion during the week under review.

Similarly, all other indices finished higher, with the exception of the NGX Insurance Index, which depreciated by 2.33 per cent.

A total turnover of 3.860 billion shares worth N128.581 billion in 240,463 deals was traded during the week by investors on the floor of the Exchange.

This was in contrast with a total of 3.087 billion shares valued at N81.505 billion exchanged in the previous week in 222,185 deals.

The Financial Services Industry led the activity chart with 2.188 billion shares valued at N50.459 billion traded in 94,005 deals, contributing 56.68 per cent and 39.24 per cent to the total equity turnover volume and value respectively.

The Services Industry followed with 466.771 million shares worth N4.495 billion in 18,526 deals, while the ICT Industry recorded a turnover of 377.800 million shares valued at N9.049 billion in 25,653 deals.

Trading in the top three equities, Chams Holding Company Plc, Access Holdings Plc and Universal Insurance Plc, accounted for 664.942 million shares worth N6.801 billion in 15,161 deals.

This contributed 17.23 per cent and 5.29 per cent to the total equity turnover volume and value respectively.

Seventy-one equities appreciated in price during the week, higher than 44 equities recorded in the previous week.

Thirty-five equities depreciated in price, lower than 49 in the previous week, while 42 equities remained unchanged, compared with 55 recorded previously.

RT Briscoe, Zichis Agro Allied Industries, Abbey Mortgage Bank, Union Dicon Salt and Austinlaz were the top gainers for the week, appreciating by N4.77, N2.53, N5.55, N4.30 and N1.50 respectively.

The top five losers were Deap Capital Management, Union Homes Real Estate Investment Trust, Red Star Express Plc, UPDC Real Estate Investment Trust and Cornerstone Insurance.

The equities lost N2.57, N25.60, N3.65, N1.10 and 76 kobo respectively.