NGX ASI closes in red second week of August

The Nigerian Exchange Group Limited All-Share Index and market capitalisation closed in the red zone with 2.09 per cent depreciation, to close the second week of August at 49,664.07 and N26.787tn respectively.

Some 1.511 billion shares worth N13.547bn in 20,074 deals were traded last week by investors on the floor of the Exchange, in contrast to the previous week’s 705.636 million shares valued at N12.850bn that exchanged hands last week in 22,124 deals.

The financial services industry, measured by volume, led the activity chart with 680.202 million shares valued at N4.672bn in 9,230 deals; thus contributing 45.02 per cent and 34.48 per cent to the total equity turnover volume and value respectively. 

The financial services industry followed with 499.178 million shares worth N3.407bn in 866 deals. The third place was the Information and Communications Technology industry, with a turnover of 113.804 million shares worth N2.246bn in 2,083 deals.

Trading in the top three equities were Capital Hotel, FBN Holdings and Jaiz Bank, measured by volume, accounted for 763.836 million shares worth N5.130bn in 1,025 deals, contributing 50.55 per cent and 37.87 per cent to the total equity turnover volume and value respectively.

Financial Street gathered that 3,091 units valued at N13.063m were traded in 41 deals compared with the 16,247 units valued at N400,448.65 transacted the previous week in 24 deals.

Similarly, all other indices finished lower with the exception of The NGX Insurance, NGX Consumer Goods and NGX Growth, which appreciated by six per cent, three per cent and 1.56 per cent, while The NGX ASeM index closed flat. 

Thirty-three equities appreciated in price last week, lower than the 41 posted in the previous week. 

Twenty-six equities depreciated in price higher than 22 in the previous week, while 97 equities remained unchanged, against previous week’s 93.

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