The Financial Services Industry dominated the Nigerian Exchange Ltd. (NGX) activity chart, accounting for 69.67% in volume and 60.94% in value of the total equity turnover last week. Players in the sector traded 1.847 billion shares valued at N30.455 billion in 21,899 deals.
Following closely was the Conglomerates industry, with 272.398 million shares worth N3.546 billion in 2,165 deals. The Oil and Gas Industry secured the third spot with a turnover of 112.800 million shares worth N2.259 billion in 2,748 deals.
The top three equities by volume – FBN Holdings Plc, Transnational Corporation Plc, and Access Holdings Plc – accounted for 1.032 billion shares worth N19.799 billion in 6,083 deals, contributing 38.92% and 39.62% to the total equity turnover in volume and value respectively.
Overall, investors traded 2.651 billion shares worth N49.976 billion in 41,610 deals during the week. The NGX All-Share Index (ASI) appreciated by 0.32% to settle at 100,057.49, with the market capitalisation closing at N56.602 trillion, resulting in a week-on-week gain of N178 billion for investors.
Most indices finished higher except NGX Consumer Goods, NGX Industrial Goods, and NGX Growth, which depreciated. The NGX ASeM and NGX Sovereign Bond indices closed flat.
Forty-eight equities appreciated in price, while thirty-four equities depreciated. Jaiz Bank led the losers’ chart with an 11.36% decrease, while Computer Warehouse Group (CWG) led the gainers with a 44.55% increase.