Stock market capitalisation falls to N25.41tn

0 71

The market capitalisation of equities listed on the Nigerian Exchange Limited fell by 0.12 per cent to close at N25.41tn last week.

The NGX All-Share Index also declined by 0.13 per cent to close at 47,140.48 basis points.

According to the NGX, 43 equities appreciated at price during the week, compared to 44 equities in the previous week.

Thirty-eight equities depreciated in price as against 31 in the previous week, while 75 equities remained unchanged as against 81 in the previous week.

The NGX weekly market report showed that a total turnover of 1.713 billion shares worth N30.76bn in 24,767 deals was traded during the week by investors on the floor of the Exchange, compared to 1.331 billion shares valued at N22.7bn that exchanged hands in 27,822 deals in the previous week.

The financial services industry (measured by volume) led the activity chart with 1.064 billion shares valued at N12.2bn traded in 11,708 deals, contributing 62.14 per cent and 39.66 per cent to the total equity turnover volume and value respectively.

The consumer goods industry followed with 156.077 million shares worth N5bn in 4,877 deals.

The third place was occupied by the conglomerates industry, with a turnover of 113.554 million shares worth N309.83m in 1,062 deals.

Trading in the top three equities, namely Access Bank Plc, Guaranty Trust Holding Company Plc and Fidelity Bank Plc, (measured by volume), accounted for 500.778 million shares worth N7.46bn in 3,603 deals, contributing 29.23 per cent and 24.23 per cent to the total equity turnover volume and value respectively.
– Punch

Leave A Reply

Your email address will not be published.

%d bloggers like this: