The Nigerian Stock Exchange (NGX) ended another week of declined activity. A total turnover of 1.377 billion shares worth N31.584 billion in 42,040 deals was traded this week by investors on the floor of the Exchange.
This represents a decline of about 13% from the volume traded last week which was a total of 1.559 billion shares valued at N36.497 billion that exchanged hands last week in 42,546 deals.
The NGX All-Share Index and Market Capitalization depreciated by 3.44% to close the week at 102,088.30 and N55.861 trillion respectively.
Trading highlights:
According to data by the Nigerian Stock Exchange (NGX), Monday, February 19, 2024, saw as the most active day with 9,688 deals which resulted in a turnover volume of 7.439 273million shares, valued at N7.42 billion from 126 deals. Friday was the least active day at the exchange.
A total of 7,710 deals were closed covering about 120 stocks. This was equivalent to about 291,008,805 stocks valued at N6,019 billion.
Weekly totals/Industry contributions
The week saw a total turnover of 1.377 billion shares worth N31.584 billion in 42,040 deals. This represented a 13% percent decrease in shares traded last week.
The Financial Services Industry (measured by volume) led the activity chart with 960.519 million shares valued at N16.844 billion traded in 19,669 deals; thus contributing 69.77% and 53.33% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 115.241 million shares worth N1.511 billion in 2,859 deals. The third place was the Oil and Gas Industry, with a turnover of 80.866 million shares worth N1.721 billion in 2,726 deals.
Trading in the top three equities namely Guaranty Trust Holding Company Plc, FBN Holdings Plc, and Transnational Corporation Plc (measured by volume) accounted for 343.584 million shares worth N9.431 billion in 5,659 deals, contributing 24.96% and 29.86% to the total equity turnover volume and value respectively.
Price Gainers and Declines
Fourteen (14) equities appreciated during the week lower than thirty-five (35) equities in the previous week. Sixty-six (66) equities depreciated higher than fifty-one (51) in the previous week, while seventy-four (74) equities remained unchanged, higher than sixty-eight (68) recorded in the previous week
This week’s market activity signifies significant shifts in trading volumes, values, and index movements, reflecting changes in investor sentiment and market dynamics. Investors are closely monitoring industry performance, regulatory developments, and macroeconomic indicators that shape market trends and influence investment decisions.
