NGX ASI appreciates by 0.24% to halt two weeks’ bearish sentiment

The All-Share Index at the Nigerian Exchange Limited has appreciated by 0.24 per cent to halt two weeks’ bearish sentiments of 0.13 per cent and 0.14 per cent. 

The increase in the ASI is marked by a difference of 0.1 per cent when compared with the previous week’s trading. 

According to the NGX report, “The NGX ASI and market capitalisation appreciated by 0.24 per cent to close the week at 51,829.67 and N27.942tn respectively. 

“Similarly, all other indices finished higher with the exception of the NGX AFR Bank value, NGX AFR Div Yield, NGX MERI value, NGX Consumer Goods, NGX Oil/Gas and NGX Industrial Goods indices, which depreciated at 0.43 per cent, 0.38 per cent, 0.40 per cent, 0.25 per cent and 0.13 per cent.”

The Financial Services Industry, measured by volume, led the activity chart with 1.009 billion shares valued at N6.796bn traded in 11,352 deals; thus contributing 74.87 per cent and 27.75 per cent to the total equity turnover volume and value respectively. 

The Conglomerates Industry followed with 79.616 million shares worth N144.549m in 689 deals. The third place was the Oil and Gas Industry with a turnover of 72.996 million shares worth N1.862bn in 1,799 deals. 

A total turnover of 1.348 billion shares worth N24.487bn in 22,155 deals was traded by investors on the floor of the exchange, in contrast to 1.121bn shares valued at N13.703bn that exchanged hands in the previous week in 22,350 deals. 

Trading in the top three equities were Mutual Benefits Assurance Plc, Living Trust Mortgage Bank Plc and Guaranty Trust Holding Company Plc, measured by volume, accounted for 484.839 million shares worth N2.414bn in 2,410 deals, contributing 35 97 per cent and 9.86 per cent to the total equity turnover volume and value respectively. 

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