The Financial Services Industry took the lead on the Nigerian Exchange Ltd. (NGX) activity chart, contributing significantly to the total equity turnover for the 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, and the Oil and Gas Industry with a turnover of 112.800 million shares worth N2.259 billion in 2,748 deals.
The top three equities traded were FBN Holdings Plc, Transnational Corporation Plc, and Access Holdings Plc, accounting for 1.032 billion shares worth N19.799 billion in 6,083 deals. Overall, investors traded 2.651 billion shares worth N49.976 billion in 41,610 deals for the week.
The NGX All-Share Index (ASI) appreciated by 0.32 per cent to settle at 100,057.49, with the market capitalisation also increasing by 0.32 per cent to close at N56.602 trillion. This resulted in a week-on-week gain of N178 billion for investors.
Forty-eight equities saw an increase in price, while 34 equities depreciated, and 72 remained unchanged. On the gainers’ chart, Computer Warehouse Group (CWG) led with a 44.55 per cent increase, while Jaiz Bank led the losers’ chart with an 11.36 per cent decrease.
In other news, Afreximbank and WTO signed an MoU to promote global trade.