Activities on the Nigerian domestic bourse closed the last trading day of the week with a -0.09% dip, as Market capitalization also dropped by N36.44bn to close at N39.61tn, and the NgX All-Share Index closed the week at 72,289.23 points. The market traded positively in four (4) of the five (5) trading sessions in the week, as Investor’s sell-off in FBNH (-4.92%), OANDO (-3.32%), ACCESSCORP (-2.63%), UBA (-1.83%) and twelve (12) others dragged the market down on Friday 15/12/2023. Positive performance in ACCESSCORP (+9.63%)w/w, ZENITHBANK (+6.00%)w/w, MTNN (2.68%)w/w, GTCO (+2.05%)w/w, BUACEMENT (+0.52%)w/w and forty-eight (48) others put the market in the green-zone for the week. The NgX-ASI recorded a (+1.18%)w/w rise, as the year-to-date (YTD) return closed at +41.24%.
Activities on the NgX Exchange ended the week with 1.88bn shares valued at N31.63bn traded in 30.020 deals compared to 2.42bn shares valued at N45.07bn and traded in 34,704 deals in the previous week. The NgX All Share-Index closed Friday, 15/12/2023, at 72,389.23 points compared to 71,541.74 points for Friday 08/12/2023, signifying a (+1.18%)w/w increase. Market Capitalization gained N463.76bn to close at N39.61tn against N339.15tn, representing a (+1.19%)w/w increase for the same period on the equities market.
The Financial Services Industry led activities during the week with 1.37bn shares valued at N22.17bn traded in 17,300 deals, contributing 72.96% of the total volume and 70.08% of the total value of traded transactions. The Services Industry followed with 97mn shares worth N616.27mn traded in 1,949 deals, contributing 5.15% of total volume and 1.95% of the total value of traded transactions for the same period. The Consumer Goods Industry recorded a turnover of 86.37mn shares worth N2.13bn traded in 3,819 deals for the week, contributing 4.59% of the total volume and 6.75% of the total value of traded transactions for the same period.
The top five most traded equities during the week in terms of volume were Access Holdings Plc (ACCESSCORP), Guaranty Trust Holding Company Plc (GTCO), Zenith Bank Plc (ZENITHBANK), Veritas Kapital Assurance Plc (VERITASKAP) and FCMB Group Plc. (FCMB). These five equities accounted for 1.45bn shares valued at N16.67bn traded in 13,217 deals, making up 49.48% of volume, 35.13% of value and 29.60% of trading activities for the period.
Analysis of trading activities for the week showed that one hundred and twenty-six (126) equities were traded on by investors, fifty-three (53) equities appreciated, and thirty-three (33) equities depreciated investors in price, forty (40) equities remained unchanged. In contrast, thirty-one (31) equities had no activities. INFINITY (+59.32%)w/w led thirty-one (31) others on the gainer’s table, as NSLTECH (-16.00%)w/w led thirty-two (32) others on the laggard’s table.