In the trading week ended Friday November 24, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation appreciated by 0.17percent to 71,230.48 points and N39.173 trillion respectively.

All other indices finished higher with the exception of NGX Pension, NGX MERI Growth, NGX Consumer Goods and NGX Lotus II which depreciated by 0.38percent, 1.15percent, 0.53percent and 0.02percent respectively while the NGX ASeM, NGX Oil & Gas and NGX Sovereign Bond indices closed flat.

Read also: Stock market fails to stay on loss path

Fifty-nine equities appreciated in price during the review week higher than 54 equities in the preceding week.

Twenty-one equities depreciated in price lower than 30 in the preceding week, while 76 equities remained unchanged, higher than 72 recorded in the preceding week.

Related News

The market recorded total turnover of 2.425 billion shares worth N22.665 billion, traded in 33,230 deals by investors on the floor of the Exchange, in contrast to a total of 2.025 billion shares valued at N27.693 billion that exchanged hands the preceding week in 32,763 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.721 billion shares valued at N11.647 billion traded in 14,585 deals; thus contributing 71percent and 51.39percent to the total equity turnover volume and value respectively.

The Services Industry followed with 185.692 million shares worth N424.729 million in 2,816 deals and the ICT Industry, with a turnover of 139.865 million shares worth N4.440 billion in 2,971 deals.

Read also: Naira falls to N1,155 as market awaits Cardoso policy thrust at bankers dinner

Trading in top three equities – Universal Insurance Plc, Veritas Kapital Assurance Plc, and Unity Bank Plc (measured by volume) accounted for 809.400 million shares worth N492.625 million in 2,005 deals, contributing 33.38percent and 2.17percent to the total equity turnover volume and value respectively.

More from our Markets Column
Read Next
CBN: Tackling inflation with rates hold amid global uncertainty

Analysts welcome CBN move to direct banks recapitalisation

By Hope Moses-Ashike • November 25, 2023

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp