Nigeria Exchange Limited Equities Market Gain N11.46bn

The NGX All-Share Index and market capitalization appreciated by 0.06 per cent and 0.05 per cent to close the week at 38,943.87 basis points and N20.290tn respectively from 38,921.78bps and N20.28tn.

The Nigerian Exchange Limited’s equities market gained N11.46bn at the end of the week as dividend announcements renewed investors’ interest.

The NGX Banking, NGX Insurance, NGX MERI Growth, NGX Consumer Goods, NGX Oil/Gas and NGX Industrial Goods indices depreciated by 0.79 per cent, 0.58 per cent, 0.12 per cent, 0.21 per cent, 3.35 per cent and 0.24 per cent respectively.

The other indices finished higher except the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices which closed flat.

A total turnover of 856.29 million shares worth N10.75bn in 15,663 deals were traded last week by investors on the floor of the exchange, in contrast to a total of 1.43 billion shares valued at N13.07bn that exchanged hands the week before in 19,315 deals.

The financial services industry led the activity chart by volume with 583.04 million shares valued at N3.97bn traded in 7,894 deals, contributing 68.09 per cent and 36.93 per cent to the total equity turnover volume and value respectively. The consumer goods industry followed with 62.96 million shares worth N3.20bn in 2,579 deals. In third place was ICT, with a turnover of 45.75 million shares worth N1.65bn in 775 deals.