The Nigerian Exchange Limited (NGX) All-Share Index and Market Capitalisation appreciated by 1.97percent and 2percent to close the week ended Friday, February 2 at 104,421.23 and N57.158 trillion respectively.
Twenty-seven (27) equities appreciated in price during the review week lower than 35 equities in the preceding week. Sixty-four (64) equities depreciated in price lower than 65 in the preceding week, while 64 equities remained unchanged, higher than 55 recorded in the preceding week.
All other indices finished higher with the exception of NGX CG, NGX Banking, NGX Pension, NGX Insurance, NGX AFR Bank Value, NGX MERI Growth, NGX MERI Value, NGX Oil and Gas and NGX Sovereign Bond which depreciated by 2.75percent, 4.52percent, 1.85percent, 4.07percent, 5.83percent, 5.70percent, 2.14percent, 2.47percent and 0.88percent respective.
The market recorded total turnover of 3.893 billion shares worth N95.147 billion in 69,117 deals, in contrast to a total of 2.981billion shares valued at N57.873 billion that exchanged hands preceding week in 67,962 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.640 billion shares valued at N47.654 billion traded in 31,929 deals; thus contributing 67.81percent and 50.08percent to the total equity turnover volume and value respectively. The Oil and Gas Industry followed with 347.962 million shares worth N4.064 billion in 5,972 deals; and the Conglomerates Industry, with a turnover of 337.682 million shares worth N4.709 billion in 5,493 deals.
Trading in the top three equities namely FBN Holdings Plc, Transnational Corporation Plc and United Bank for Africa Plc (measured by volume) accounted for 961.288 million shares worth N21.390 billion in 9,966 deals, contributing 24.70percent and 22.48percent to the total equity turnover volume and value respectively.
Trading Licence Holders were notified that additional 753,786,788 ordinary shares of 50 Kobo each per share of Ellah Lakes Plc were on Wednesday January 31, 2024 listed on the Daily Official List of Nigerian Exchange Limited (NGX). The additional shares listed on NGX arose from Ellah Lakes’ Rights Issue of 1billion ordinary shares of 50 Kobo each at N2.90 per share. With this listing of the additional 753,786,788 ordinary shares, the total issued and fully paid-up shares of Ellah Lakes has now increased from 2billion to 2,753,786,788 ordinary shares of 50 kobo each.
Also, Trading Licence Holders were notified that additional listing of 106,350,000 units of N100 each at N108.89 each of Chapel Hill Denham Management Limited’s Nigerian Infrastructure Debt Fund under the N200 Billion Issuance Program were on Friday, February 2, 2024 listed on the Daily Official List of Nigerian Exchange Limited (NGX).
With this listing of the additional 106,350,000 ordinary shares, the total issued and fully paid-up shares of Chapel Hill Denham Management Limited has now increased from 853,694,759 to 960,044,759 ordinary shares of N100 each.
