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Weekly Review: Transactions on NGX down by 22.5%

Turnover of 3.087 billion shares valued at N81.505 billion was traded in 222,185 deals this week on the floor of the Nigerian Exchange Ltd. (NGX).

 

This is in contrast with a total of 3.748 billion shares valued at N99.865 billion that exchanged hands last week in 237,179 transactions.

 

Consequently, the value of transactions on the NGX dropped by 22.5 per cent.

 

The Financial Services Industry led the activity chart with 1.495 billion shares valued at N33.923 billion traded in 83,939 deals.

 

This contributed 48.45 per cent and 41.62 per cent to the total equity turnover volume and value respectively.

 

The Services Industry followed with 443.222 million shares worth N4.936 billion in 17,615 deals.

 

The third place was the ICT Industry, with a turnover of 279.520 million shares worth 6.443 billion in 24,552 deals.

 

Trading in the top three equities, namely Veritas Kapital Assurance Plc, Cutix Plc and Secure Electronic Technology Plc, accounted for 513.382 million shares worth N1.139 billion in 4,895 deals.

 

This contributed 16.63 per cent and 1.40 per cent to the total equity turnover volume and value respectively.

 

The NGX All-Share Index depreciated by 0.09 per cent while Market Capitalisation appreciated by 0.18 per cent to close the week at 165,370.40 and N106.153 trillion respectively.

 

All other indices finished higher with the exception of NGX 30, NGX CG, NGX Premium, NGX Banking, NGX Pension, NGX Growth and NGX Pension Broad indices which depreciated by 0.13 per cent, 0.63 per cent, 0.75 per cent, 0.63 per cent, 0.41 per cent, 1.13 per cent and 0.22 per cent respectively.

 

Forty-four equities appreciated in price during the week, lower than 58 equities in the previous week.

 

Forty-nine equities depreciated in price, higher than 40 equities in the previous week, while 55 equities remained unchanged, higher than fifty (50) recorded in the previous week.

 

Neimeth International Pharmaceutical, Livingtrust Mortgage Bank, May and Baker, Livestock Feeds and Austinlaz were the top five losers for the week, as they lost N3.45, N1.10, N8.50, N1 and 59k respectively.

 

The top  five gainers for the week were Zichis Agro Allied Industries, Omatek Ventures, Union Homes Real Estate Investment, Morison and SCOA.

 

The companies gained N1.57, 90k, N23.50, N2.47 and N7.80 respectively.

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