Domestic equity earns n1.711trn in 5 days

The Nation’s stock market recorded positive growth at the end of the negotiation week, appreciating from n1,711 trillion.

At the end of the negotiations on Friday, the market capitalization of listed shares gained 2.49 percent at N70,463 trillions from N68,751 trillion dollars reported the previous week.

The NGX All-Share index was also increased by 2,713.39 basis points to close the week at 111742.01 points compared to 109028.62 points reported the previous week.

The NGX trading for the week showed that other market indices have closed higher than the exception of the corporate government NGX, NGX AFR Bank valued, NGX Meri value, NGX oil and Gas and NGX growth indexes that depressed by 0.01 percent, 0.01, 0.64, 2.05 and 0.38 percent respectively while NGX has closed asem Asem.

Investors for the week exchanged a turnover of 3.794 billion shares of the value of N119.394 billion in 89636 contrast agreements with a total of 3.932 billion shares of the value of N74.813 billion that exchanged the hands of last week in 105,220 agreements.

The trading showed that financial services have guided the graph of the activities in terms of volume with 2.744 billion shares of the value of N79.805 billion commercial in 36,458 agreements, contributing with 72.34 percent and 66.84 percent to the volume of Total Turnover respectively respectively.

The consumer goods industry followed for 201,889 million shares for a value of N7,623 billion sealed in 11,922 agreements while the service industry took third position with a turnover of 173.748 million shares for a value of N1,719 billion made in 6,385 agreements.

Negotiations between the top three actions, namely the United Bank for Africa Plc, Fidelity Bank Plc and Access Holdings Plc, represented 1.942 billion actions for a value of N61.542 billion in 12,443 agreements, contributing respectively to 51.19 percent and 51.54 percent of the total volume and value.

The result also showed that 56 shares appreciated in the price during the week against 52 companies reported in the previous week, while 44 depreciated price shares, compared to 41 in the previous week, while 48 shares were unchanged lower than 55 recorded in the previous week.