Stock Investors Generate N1.7trn In One Week

Investors made N1.7tn at the end of trading on the floor of the Nigerian Exchange Limited last week.

The NGX All-Share Index and Market Capitalisation appreciated by 5.49 per cent to close the week at 59,000.96 and N32.126tn respectively.

All other indices finished higher with the exception of NGX Industrial Goods and NGX Growth which depreciated by 1.63 per cent and 1.07 per cent respectively while the NGX ASeM index closed flat.

Seventy-seven equities appreciated in price during the week higher than fifty-two equities in the previous week. Twenty-four equities depreciated in price lower than twenty-seven in the previous week, while fifty-five equities remained unchanged, lower than seventy-seven recorded in the previous week.

A total turnover of 4.276bn shares worth N62.176bn in 44,344 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.196bn shares valued at N45.971bn that exchanged hands last week in 31,655 deals.

The Financial Services Industry (measured by volume) led the activity chart with 3.303 billion shares valued at N45.244bn traded in 23,490 deals; thus contributing 77.26 per cent and 72.7 per cent to the total equity turnover volume and value respectively.

The Oil and Gas Industry followed with 247.383 million shares worth N2.368 billion in 3,561 deals. The third place was the Consumer Goods Industry, with a turnover of 223.315 million shares worth N4.640bn in 5,982 deals.

Trading in the top three equities namely United Bank for Africa Plc, Guaranty Trust Holding Company Plc and Access Holdings Plc (measured by volume) accounted for 1.475 billion shares worth N27.648bn in 8,875 deals, contributing 34.50 per cent and 44.47 per cent to the total equity turnover volume and value respectively.