Last week, investors earned N11 billion as the local stock market closed the week positively, leaving the benchmark index with 0.06 per cent appreciation.
Specifically, the All-Share Index (ASI) of the Nigerian Exchange Limited (NGX) rose week-on-week (W-o-W) by 22.09 points or 0.06 per cent to close at 38,943.87 points. Similarly, market capitalisation rose N11 billion W-o-W to close at N20.290 trillion.
Sectoral performance failed to mirror the benchmark index as most indices closed in red. The NGX Banking, NSE Insurance, NGX Consumer Goods, NGX Oil & Gas and the NGX Industrial index fell by 0.79 per cent, 0.58 per cent, 0.21 per cent, 3.35 per cent and 0.24 per cent respectively to close at 370.21 points, 184.02 points, 548.99 points, 358.99 points and 1,954.46 points respectively.
Meanwhile, a total turnover of 856.289 million shares worth N10.752 billion in 15,663 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 1.426 billion shares valued at N13.073 billion that exchanged hands previous week in 19,315 deals.
The Financial Services Industry (measured by volume) led the activity chart with 583.038 million shares valued at N3.971 billion traded in 7,894 deals; contributing 68.09 per cent and 36.93 per cent to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 62.961 million shares worth N3.197 billion in 2,579 deals, while ICT Industry traded a turnover of 45.745 million shares worth N1.646 billion in 775 deals.
Trading in the top three equities; Access Bank, Universal Insurance and Wema Bank (measured by volume) accounted for 211.151 million shares worth N789.843 million in 1,403 deals, contributing 24.66 per cent and 7.35 per cent to the total equity turnover volume and value respectively.
On Exchange Traded Products (ETPs) platform, a total of 106,810 units valued at N1.852 million were traded last week in 21 deals compared with a total of 2,016 units valued at N537,038.08 transacted previous week in 10 deals, while on the Bond market, a total of 51,261 units valued at N52.911 million were traded last week in 26 deals compared with a total of 93,019 units valued at N99.809 million transacted previous week in 39 deals.
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“We had some really good, quality time there,” Jeff Bezos said of traveling outside of Earth with his brother Mark. Local stock market adds 0.06% WoW as investors gain N11bn Local stock market adds 0.06% WoW as investors gain N11bn Local stock market adds 0.06% WoW as investors gain N11bn Local stock market adds 0.06% WoW as investors gain N11bn.