The all-share index of the Nigerian Exchange Group ended the week on a positive note with a 0.68% gain to close at 38,380.75 on 6th August 2021 compared to 38,547.08 points recorded as of the previous weekend.
This is according to the weekly market report, released on the website of the Nigerian Exchange Group.
The equities market capitalisation also gained by 0.68% during the week from N20.08 trillion to N20.22 trillion, indicating a gain of N137 billion for the investors. This week’s bullish performance represents a recovery from the 0.31% depreciation recorded in the previous week.
Equity Market Performance
A total of 989.6 million shares worth N8.183 billion in 19,617 deals were traded this week by investors on the floor of the Exchange, compared to 1.4 billion shares valued at N11.82 billion that exchanged hands last week in 22,982 deals.
- The Financial Services Industry led the activity chart with 603.66 million shares traded during the week, with a value of N3.86 billion in 9,337 deals; thereby contributing 61% and 47.2% to the total equity turnover volume and value respectively.
- The Conglomerates Industry followed with 102.23 million shares worth N133.99 million in 846 deals, while Consumer Goods Industry stood in the third position with a turnover of 80.979 million shares worth N1.25 billion in 2,902 deals.
- Trading in the top three equities namely Transnational Corporation Of Nigeria Plc, Sterling Bank Plc and FBN Holdings Plc accounted for 210.187 million shares worth N554.388 million in 1,414 deals, contributing 21.24% and 6.77% to the total equity turnover volume and value respectively.
- All other indices finished lower with the exception of NGX-Main Board, NGX Premium, NGX Lotus II and NGX Sovereign Bond indices which appreciated by 1.07%, 0.30%, 0.29, and 0.45% respectively, while the NGX Growth Index closed flat.
Twenty-three (23) equities appreciated during the week, thirty-six (36) equities depreciated in price, while ninety-seven (97) equities remained flat.
Exchange-Traded Products (ETPs)
A total of 17,550 units valued at N34.012 million were traded this week in 36 deals compared with a total of 12,242 units valued at N911,149.30 transacted last week in 17 deals.
The three ETFs traded were STANBICETF30, NEWGOLD, and GREENWETF.
Fixed Income Securities Market
A total of 702,021 units valued at N709.343 million were traded this week in 17 deals compared with a total of 29,324 units valued at N30.799 million transacted last week in 12 deals.
The bonds traded during the week include; CSF2025S1, FG142037S2, FGSUK2027S3, FCM2021S1, FGSUK2024S1, FGSUK2025S2, and FGS202166.