NGX: Investors Gain N500bn In Four Days Of Trading

Investors smiled home with a gain of N500bn despite a day off from trading activities last week.

Traders at the Nigerian Exchange Limited last week enjoyed only four days of trading. This is against the usual five days of trading activities every week, Naija News reports.

Recall that the Federal Government had on Thursday declared Friday (Good Friday) and Monday (Easter Monday) public holidays to commemorate the 2022 Easter celebrations by the Christian worshippers.

Despite the holidays, the NGX All-Share Index and market capitalisation of equities listed on the NGX appreciated by 1.99 per cent to close at 47,558.45 and N25.639tn last week.

Similarly, all other indices finished higher with the exception of NGX Asem, NGX Growth and Sovereign Bond indices which closed flat.

According to the NGX, 51 equities appreciated in price during the week, higher than 33 equities in the previous week.

Eighteen equities depreciated in price, lower than 31 stocks in the previous week. Eighty-seven equities remained unchanged, lower than 92 stocks recorded in the previous week.

The NGX weekly market report showed that a total turnover of 1.247 billion shares worth N22.372bn in 23,406 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 1.137 billion shares valued at N10.812bn that exchanged hands last week in 23,471 deals, Naija News understands.

The financial services industry (measured by volume) led the activity chart with 975.776 million shares valued at N10.678bn traded in 13,097 deals, thus contributing 78.24 per cent and 47.73 per cent to the total equity turnover volume and value respectively.

The consumer goods industry followed with 65.187 million shares worth N1.752bn in 2,725 deals. The third place was the services industry, with a turnover of 42.614 million shares worth 135.745 million in 1,172 deals.

Guaranty Trust Holding Company Plc, Zenith Bank Plc and Fidelity Bank Plc lead the equities based on volume, accounting for 429.657 million shares worth N7.786bn in 5,871 deals.

This contributed 34.45 per cent and 34.80 per cent to the total equity turnover volume and value respectively.

This article was originally published on Nigeria News