1 week Ago By Ripples Nigeria
Investors in the Nigerian equities market experienced a boom this trading week gaining N3.34 trillion on the floor of the Nigerian Xchange Group (NGX) as equity capitalisation increased from N56.08 trillion to N59.
42 trillion This follows a gain of N49.53 billion in the previous week. The bourse recorded gains in two of the five trading days of the week.
The market capitalization appreciated from N56.08 trillion to N59.42 trillion from the previous week.
Similarly, the All-Share Index (ASI) appreciated by 0.48% to close the week at 98,070.28 from 97,520.
54 points recorded the previous week. The Nigerian equities market began the week on Monday, October 14, 2024, with massive profit-making as investors gained a massive N3.42 trillion at the end of the trading session.
The market closed on Tuesday, October 15, 2024, with a gain of N197.41 billion. The equities market also closed the trading session with a loss as investors lost N148.
06 billion at the end of the trading session on Wednesday, October 16, 2024. The bears continued to ravage the equities market on Thursday, October 17, 2024, as investors lost N127.34 billion at the end of the trading session.
The bears refused to go away on Friday, October 18, 2024, as investors lost N6.73 billion at the end of the trading session. READ ALSO: NGX WEEKLY ROUND-UP: Investors lose N539.
09bn as bears ravage equities market A total turnover of 1.447 billion shares worth N73.889 billion in 39,546 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.
966 billion shares valued at N31.508 billion that exchanged hands last week in 42,482 deals. The Financial Services Industry (measured by volume) led the activity chart with 886.
971 million shares valued at N16.943 billion traded in 17,045 deals; thus contributing 61.31% and 22.
93% to the total equity turnover volume and value respectively. The Oil and Gas Industry followed with 257.578 million shares worth N52.
067 billion in 9,798 deals. In third place was the services Industry, with a turnover of 69.620 million shares worth N330.
878 million in 2,069 deals. Trading in the top three equities namely Japaul Gold and Ventures Plc, United Bank for Africa Plc and Zenith Bank Plc (measured by volume) accounted for 420.318 million shares worth N8.
417 billion in 5,146 deals, contributing 29.05% and 11.39% to the total equity turnover volume and value respectively.
Thirty-three (33) equities appreciated during the week higher than twenty-nine (29) equities in the previous week. Forty-three (43) equities depreciated lower than fifty-two (52) in the previous week, while seventy-six (76) equities remained unchanged higher than seventy (70) recorded in the previous week. Transcorp Power Plc recorded the biggest share price increase percentage gaining 19.
29% followed by Mecure Industries Plc which increased its share price by 18.81% in the process. Dangote Sugar Refinery Plc also increased its share price by 13.
06%. On the flip side, Regency Assurance Plc recorded the biggest decline in share prices by percentage shedding 15.28% followed by Tripple Gee And Company Plc which shed 14.
93% of its share prices. Aradel Holdings Plc also shed 11.00% off its share prices.
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