Equities market rises by 0.17% in week ended December 8

In the trading week ended Friday December 8, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation increased by 0.17 percent to 71,541.74 points and N39.149 trillion respectively.

All other indices finished higher with the exception of NGX Main Board, NGX Insurance, NGX ASeM, NGX Oil & Gas, NGX Lotus II and NGX Industrial Goods which depreciated by 0.54percent, 1.44percent, 1.03percent, 0.58percent, 0.22percent and 3.03percent respectively while the NGX
Sovereign Bond index closed flat.

In the review week, 49 equities appreciated in price higher than 32 equities in the preceding week. Thirty-three equities depreciated in price lower than 49 in the preceding week, while 73 equities remained unchanged, the same as recorded in the preceding week.

The market recorded total turnover of 2.423 billion shares worth N45.070 billion in 34,704 deals, in contrast to a total of 2.543 billion shares valued at N38.644 billion that exchanged hands preceding week in 36,138 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.726 billion shares valued at N22.760 billion traded in 18,190 deals; thus contributing 71.23percent and 50.50percent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 201.478 million shares worth N2.350 billion in 1,533 deal, and the Consumer Goods industry, with a turnover of 127.468 million shares worth N3.671 billion in 4,113 deals.

Trading in the top three equities namely Universal Insurance Plc, United Bank for Africa Plc and Guaranty Trust Holdings Company Plc (measured by volume) accounted for 543.315 million shares worth N10.577 billion in 3,860 deals, contributing 22.43percent and 23.47percent to the total equity turnover volume and value respectively.