NGX ASI closes in green with 1.22% increase

The Nigerian Exchange Group All-Share Index and market capitalisation appreciated by 1.22 per cent to close last week’s trade at 44,492.73 and N24.234tn respectively.

The bullish trade marks the second bullish outing this month of November. 

All other indices finished higher, with the exception of NGX Insurance, NGX Consumer Goods, NGX Oil and Gas, NGX Lotus II and NGX Industrial Goods, which depreciated by 1.34 per cent, 1.05 per cent, 0.84 per cent, 0.19 per cent and 0.66 per cent respectively, while the NGX ASeM, NGX Growth and NGX Sovereign Bond indices closed flat. 

Thirty-one equities appreciated in price in the week under review, higher than previous week’s 27. While 33 equities depreciated in price lower than 36 penultimate week, 93 remained unchanged, lower than 94 equities recorded in the previous week.

Investors traded 694.376 million shares worth N8.667bn in 15,418 deals on the floor of the Exchange, in contrast to 1.101 billion shares valued at N11.714bn that exchanged hands  in 15,697 deals.

Meanwhile, the financial services industry (measured by volume) led the activity chart with 487.150 million shares valued at N4.229bn in 7,527 deals; thus contributing 70.16 per cent and 48.80 per cent to the total equity turnover volume and value respectively. 

The conglomerates industry followed with 61.89 million shares worth N77.47m in 396 deals. The third third place was taken by the consumer goods industry, with a turnover of 40.04 million shares worth N1.24bn in 2,713 deals.

Seven thousand and fourteen units valued at N495,893.36 were also traded in 34 deals compared with 4,379 units valued at N622,934.20 transacted in the previous week in 33 deals.

Also, 58,708 units valued at N58.65m were traded in 21 deals compared with 23,819 units valued at N24.622m transacted the previous week in 16 deals.

Trading in the top three equities namely Access Holdings, Transnational Corporation and Fidelity Bank (measured by volume) accounted for 232.923 million shares worth N1.237bn in 1,316 deals, contributing 33.54 per cent and 14.27 per cent to the total equity turnover volume and value respectively.