Stock Market Rises By 1.80% In 1 Week

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Equities Market Capitalisation appreciated by 1.80 percent to close the week ended Friday January 10 at 105,451.06 points and N64.303 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX Insurance, NGX AFR Bank Value, NGX AFR Div Yield, NGX MERI Value, NGX Consumer Goods, NGX Oil and

Gas and NGX Industrial Goods which depreciated by 6.91 percent, 0.08 per cent, 1.11 per cent, 0.17 per cent, 0.34 per cent, 0.34 per cent and 0.26 per cent respectively while the NGX ASeM closed flat.

Fifty-one equities appreciated in price during the review week, lower than 82 equities in the preceding week.

Thirty-nine equities depreciated in price higher than

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18 in the preceding week, while 62 equities remained unchanged, higher than 52 recorded in the preceding trading week.

The market recorded total turnover of 4.698 billion shares worth N85.043 billion in 72,562 deals, in contrast to a total of 2.618 billion shares valued at N69.742 billion that exchanged hands the preceding week in 47,953 deals.

The Financial Services Industry (measured by volume) led the activity chart with 3.470 billion shares valued at N40.791 billion traded in 34,364 deals; thus contributing 73.86 per cent and 47.97 per cent to the total equity turnover volume and value respectively.

The Services industry followed with 407.032 million shares worth N2.226 billion in 4,996 deals; and the ICT Industry with a turnover of 237.680 million shares worth N3.628 billion in 5,280 deals.

Trading in the top three equities – Wema Bank Plc, FBN Holdings Plc and Universal Insurance Plc (measured by volume) accounted for 1.679 billion shares worth N20.838 billion in 4,922 deals, contributing 35.74 percent and 24.50 percent to the total equity turnover volume and value respectively.