Thursday, April 25, 2024

Three equities lead trading volume

Uba Group

BY KENNETH EZE

A total turnover of 1.374 billion shares worth N11.823 billion in 22,982 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 896.174 million shares valued at N5.235 billion that exchanged hands in the previous week in 11,714 deals.

The Financial Services Industry (measured by volume) led the activity chart with 715.394 million shares valued at N4.745 billion traded in 10,274 deals; thus contributing 52.06 per cent and 40.13 per cent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 212.340 million shares worth N517.613 million in 1,060 deals.

The third place was Oil and Gas Industry, with a turnover of 153.440 million shares worth N1.597 billion in 3,076 deals.

Trading in the top three equities namely Transnational Corporation of Nigeria Plc, Oando Plc and Fidelity Bank Plc (measured by volume) accounted for 378.863 million shares worth N995.477 million in 2,998 deals, contributing 27.57 per cent and 8.42 per cent to the total equity turnover volume and value respectively.

ETP

A total of 12,242 units valued at N911,149.30 were traded last week in 17 deals compared with a total of 8,032 units valued at N1.864 million transacted in the previous week in 19 deals.

BONDS

A total of 29,324 units valued at N30.799 million were traded last week in 12 deals compared with a total of 11,776 units valued at N12.167 million transacted penutimate week in 10 deals.

MOVEMENT INDEX

The NGX All-Share Index and Market Capitalization depreciated by 0.31 per cent to close the week at 38,547.08 and N20.084 trillion respectively.
Similarly, all other indices finished lower with the exception of NGX Premium, NGX Consumer Goods, NGX Oil/Gas and NGX Sovereign Bond indices which appreciated by 0.02 per cent, 0.06 per cent, 3.84 per cent and 1.97 per cent respectively, while the NGX ASeM and NGX Growth Indices closed flat.

Popular Articles