Equities market rises by 1.18% in week ended Dec. 15

In the trading week ended Friday December 15, Nigeria’s equities market All-Share Index and its capitalisation appreciated by 1.18 percent to close at 72,389.23 points and N39.613 trillion respectively.

Also, all other indices finished higher with the exception of NGX Insurance, NGX ASeM,
NGX Oil & Gas and NGX Growth which depreciated by 0.96 percent, 1.04percent, 0.27percent and 5.23percent respectively while the NGX Sovereign Bond index closed flat .

Fifty-three equities appreciated in price during the review week higher than 49
equities in the preceding week. Thirty-two equities depreciated in price lower than
33 in the preceding week, while 70 equities remained unchanged, lower than 73 recorded in the preceding week.

Read also: Equities market rises by 0.17% in week ended December 8

The market recorded 1.882 billion shares worth N31.630 billion traded in 33,020 deals by investors on the floor of the Exchange, in contrast to a total of 2.423 billion shares
valued at N45.070 billion that exchanged hands preceding week in 34,704 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.373 billion shares valued at N22.165 billion traded in 17,300 deals; thus contributing 72.96percent and 70.08percent to the total equity turnover volume and value respectively.

The Services Industry followed with 97.008 million shares worth N616.265 million in 1,949 deals and the Consumer Goods Industry, with a turnover of 86.370 million shares worth N2.136 billion in 3,819 deals.

Trading in the top three equities namely Access Holdings Plc, Guaranty Trust Holdings Company Plc and Zenith Bank Plc (measured by volume) accounted for 491.533 million shares worth N15.466 billion in 5,997 deals, contributing 26.12percent and 48.90percent to the total equity turnover volume and value respectively.