Nigeria’s stock market decreases by 0.18%

In the trading week ended May 28, the Nigerian Exchange (NGX) Limited All-Share Index (ASI) and Market Capitalisation depreciated by 0.18percent to close the week at 38,256.95 and N19.940 trillion respectively.

All sectoral indices finished lower with the exception of NGX Premium, NGX Pension, NGX Insurance and NGX Oil/Gas which appreciated by 0.96percent, 0.16percent, 1.01percent and 0.85percent respectively, while the NGX ASeM Index closed flat.

In the review trading week, 32 equities appreciated in price, higher than 26 in the preceding trading week. Thirty (30) equities depreciated in price lower than 41 equities in the preceding week, while 98 equities prices remained unchanged higher than 93 equities recorded in the preceding trading week.

The market recorded total turnover of 1.037 billion shares worth N9.471 billion traded in 17,577 deals in the review week by investors on the floor of the Exchange, in contrast to a total of 1.048 billion shares valued at N11.543 billion that exchanged hands the preceding week in 17,233 deals.

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The Financial Services Industry (measured by volume) led the activity chart with 687.623 million shares valued at N5.659 billion traded in 9,506 deals; thus contributing 66.29percent and 59.75percent to the total equity turnover volume and value respectively.

It was followed by the Conglomerates Industry with 106.138 million shares worth N545.020 million in 1,146 deals; and the ICT Industry with a turnover of 84.310 million shares worth N350.698 million in 604 deals.

Trading in top three equities – Zenith Bank Plc, Guaranty Trust Bank Plc and Fidelity Bank Plc (measured by volume) accounted for 229.453 million shares worth N4.281billion in 3,634 deals, contributing 22.12percent and 45.20percent to the total equity turnover volume and value respectively.

Bonds:
A total of 46,252 units valued at N48.472 million were traded in the review week in 44 deals compared with a total of 80,998 units valued at N81.944 million transacted in the preceding week in 22 deals.

Exchange-Traded Products:

A total of 1,415 units valued at N1.478 million were traded in the review week in 11 deals compared with a total of 5,646 units valued at N623,224 transacted in the preceding week in 14 deals.