NGX index, market cap depreciates by 2.18%

Following weeks of gains, the Nigerian Exchange Limited All Share Index and market capitalisation depreciated by 2.18 per cent to close the week at 52,908.24 basis points and N28.523tn. 

Financial Street had reported in the previous week the southward movement on the weekly gain, which led to investors losing N64bn Week-on-Week.

Meanwhile, all other indices finished lower with the exception of the NGX-Insurance, NGX Are Div Yield and NGX Growth Index, which appreciated at 0.83 per cent, 0.58 per cent, and 0.74 per cent. In contrast, the NGX Asem Index and NGX Sovereign bond closed flat. 

Remarkably, 36 equities appreciated in price during the week, higher than 23 equities in the previous week. On the contrary, as observed in the weekly report, 45 equities depreciated in price, lower than 54 in the previous week; while 75 remained unchanged, lower than 77 recorded in the previous week. 

Trading in the top three equities were Union Bank of Nigeria, Transnational Corporation and FBN Holdings. Measured by volume, they accounted for 27.841 million shares worth N193.488bn in 1,872 deals, contributing 96.89 per cent and 92.55 per cent to the total equity turn over volume and value respectively. 

The top five gainers for the week include the Nigerian Handling Company, Jaiz Bank, Eterna PlcPZ Cussons Nigeria and NEM Insurance. 

NAHCO closed the week’s trade at 7.94 with 1.47 gains; Jaiz Bank 0.90 with 0.12; Eterna 7.70 with 0.93; PZ Cussons Nigeria 12.60 with 1.15 and NEM Insurance 4.20 with 0.38 gains. 

Losses were recorded for Conoil, Wema Bank, PRESCO, Okomu Oil Palm and NCR (Nigeria) at -5.15, -0.45, -18.00, – 21.50 and -0.39 respectively. 

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