Lagos: The NGX All-Share Index (ASI) and Market Capitalisation appreciated by 0.92% to close the week at 141,845.35 points and ?89.744 trillion, respectively. Most indices finished higher, except for the NGX CG, NGX Premium, NGX Banking, NGX Pension, NGX Insurance, NGX AFR Bank Value, NGX AFR Div Yield, NGX MERI Growth, and NGX MERI Value indices, which declined by 1.04%, 1.14%, 2.57%, 0.15%, 4.67%, 3.66%, 1.74%, 0.80%, and 3.73%, respectively. The NGX ASeM Index closed flat.
According to Voice of Nigeria, a total turnover of 2.735 billion shares worth ?85.197 billion in 127,284 deals was recorded during the week. This was lower than the 3.188 billion shares valued at ?99.685 billion traded in 132,711 deals the previous week. The Financial Services Industry led the activity chart, with 1.909 billion shares valued at ?37.834 billion traded in 56,026 deals, accounting for 69.79% and 44.41% of the total equity turnover volume and value, respectively. The ICT Industry followed with 184.870 million shares worth ?
6.189 billion in 12,893 deals, while the Services Industry ranked third with 176.506 million shares worth ?813.252 million in 6,011 deals.
The top three equities by volume-Abbey Mortgage Bank Plc, Fidelity Bank Plc, and United Bank for Africa Plc (UBA)-accounted for 875.822 million shares worth ?16.417 billion in 11,389 deals, representing 32.02% and 19.27% of the total equity turnover volume and value, respectively.
During the week, 40 equities appreciated, down from 70 in the previous week. Meanwhile, 41 equities declined, higher than 22 in the prior week, while 66 equities remained unchanged, compared with 55 the week before. However, the market weakened at the close of Friday’s trading session, as the NGX ASI and market capitalisation fell by 0.29%. Despite the decline, market activity strengthened, with transaction volume and value rising by 33.87% and 79.73%, respectively. UBA (-5.96%) dominated the session, with 82.05 million units exchanged at ?3.55 billion. Market breadth closed negative at 0.26x,
reflecting more losers than gainers. EAPCAP (+9.94%) led the 11 gainers, while LIVINGTRUST (-10.0%) topped the 42 laggards. The remaining stocks closed flat.
A total of 107,552 units valued at ?15.023 million were traded in 261 deals, compared with 186,061 units worth ?20.616 million transacted in 369 deals last week. Investors traded 44,730 units valued at ?46.727 million in 41 deals, up from 24,228 units worth ?22.236 million recorded in 34 deals last week.