Lagos: This week, the floor of the Nigerian Exchange Ltd. (NGX) saw trading of 3.087 billion shares, valued at N81.505 billion, executed through 222,185 deals.
Compared with the previous week, a total of 3.748 billion shares valued at N99.865 billion exchanged hands in 237,179 transactions.
Consequently, this decline led to a 22.5 per cent drop in transaction value on the NGX.
In terms of sector performance, leading the activity chart, the Financial Services Industry recorded 1.495 billion shares valued at N33.923 billion, traded across 83,939 deals, indicating its dominant influence on overall market activity during the period.
These figures represented 48.45 per cent of total equity turnover by volume and 41.62 per cent by value.
Following closely, the Services Industry posted 443.222 million shares worth N4.936 billion in 17,615 deals, reflecting strong investor activity within the sector.
Rounding out the top three, the ICT Industry posted a turnover of 279.520 million shares valued at N6.443 billion across 24,552 deals, reflecting its significant contribution to overall market activity.
Focusing on individual equities, Veritas Kapital Assurance Plc, Cutix Plc, and Secure Electronic Technology Plc, the top three equities, together accounted for 513.382 million shares worth N1.139 billion in 4,895 deals.
Collectively, these companies contributed 16.63 per cent of turnover volume and 1.40 per cent of total value.y.
Turning to broader market indicators, the NGX All-Share Index depreciated by 0.09 per cent while Market Capitalisation appreciated by 0.18 per cent to close the week at 165,370.40 and N106.153 trillion, respectively.
Meanwhile, all other indices finished higher except NGX 30, NGX CG, NGX Premium, NGX Banking, NGX Pension, NGX Growth, and NGX Pension Broad indices, which depreciated by 0.13 per cent, 0.63 per cent, 0.75 per cent, 0.63 per cent, 0.41 per cent, 1.13 per cent, and 0.22 per cent, respectively.
Examining stock performance, forty-four equities appreciated in price during the week, which was fewer than the 58 equities in the previous week.
At the same time, 49 equities depreciated in price, more than the 40 recorded the previous week, while 55 equities remained unchanged, also more than the 50 noted previously.
Regarding the week’s laggards, Neimeth International Pharmaceutical, Livingtrust Mortgage Bank, May and Baker, Livestock Feeds, and Austinlaz were the top five losers, shedding N3.45, N1.10, N8.50, N1, and 59k, respectively.
Conversely, the top five gainers for the week were Zichis Agro Allied Industries, Omatek Ventures, Union Homes Real Estate Investment, Morison, and SCOA.
The companies gained N1.57, 90k, N23.50, N2.47 and N7.80 respectively.
