Lagos: The NGX All-Share Index fell 1.11% to 192,826.78, while market capitalisation dropped 1.12% to ₦123.763 trillion. Four bearish sessions outweighed one rally, leaving investors with a ₦1.401 trillion loss.
Financial services accounted for the largest share of turnover, followed by oil & gas and services. Thirty-two equities gained, sixty-nine declined, and forty-seven remained unchanged.
This contrasts with last week’s figures of 194,989.77 and N125.164 trillion.
As a result, investors lost N1.401 trillion during the week.
Similarly, all other indices finished lower, except NGX Banking, NGX Pension, NGX AFR Bank Value, NGX MERI Growth, NGX MERI Value, NGX Sovereign Bond, and NGX Commodity.
They appreciated by 0.71, 0.13, 2.35, 3.11, 0.92, 1.25, and 1.27 per cent, respectively.
There were four bearish sessions and one bullish rally during the week.
Meanwhile, investors traded 5.494 billion shares worth N196.709 billion in 370,233 deals on the Exchange this week.
Last week, 7.662 billion shares valued at N252.566 billion were traded in 345,118 deals.
Financial Services led with 3.241 billion shares valued at N82.775 billion in 153,744 deals.
This represented 58.99% of total equity turnover volume and 42.08% of total equity turnover value, respectively.
The Oil and Gas Industry ranked second in trading activity, with 897.862 million shares worth N38.816 billion exchanged in 29,179 deals, compared to the Financial Services Industry.
Third place was the Services Industry, following the Financial and Oil & Gas sectors, with a turnover of 360.490 million shares, worth N5.782 billion, across 22,971 deals.
The top three traded equities were Japaul Gold & Ventures Plc, Fortis Global Insurance Plc, and Zenith Bank Plc, which accounted for 1.576 billion shares worth N33.464 billion in 30,055 deals.
Insurance Plc and Zenith Bank Plc accounted for 1.576 billion shares.
worth N33.464 billion in 30,055 deals.
This contributed 28.68 per cent and 17.01 per cent to the total equity turnover volume and value, respectively.
Thirty-two equities gained value this week, down from seventy-one last week.
Regarding equities in the previous week,
Sixty-nine equities depreciated in price, more than the previous week’s 41, while 47 remained unchanged, higher than the previous week’s 36. unchanged
Additionally, 47 equities remained unchanged, up from the 36 recorded the previous week.
Top five losers: Associated Bus Company, Daar Communications, Tantalizers, Livingtrust Mortgage Bank, and University Press.
The companies lost N2.25, 55k, 90k, 95k and 80k respectively.
Fortis Global Insurance, Okomu Oil, Infinity Trust Mortgage Bank, AXA Mansard Insurance and FCMB Group were the top five gainers for the week, adding N34, N305.30, N3.25, N2.70 and N2, respectively.
