The Nigerian Exchange Ltd. (NGX) experienced a decline in its All-Share Index and market capitalisation during a four-day trading week. The All-Share Index closed at 250,808.27 points, while the market capitalisation stood at N162.843 trillion. These figures represent a 0.52 per cent and 0.50 per cent decline respectively. The previous week's close was 252,113.41 points and N163.655 trillion.
A total turnover of 3.166 billion shares worth N155.023 billion was recorded in 206,662 transactions during the week. This is in contrast to the 4.689 billion shares valued at N240.824 billion that changed hands in 261,198 deals in the previous week. The Financial Services Industry led the activity chart with 1.944 billion shares valued at N77.733 billion traded in 92,035 deals.
The decline in the market resulted in investors losing N812 billion in market value during the week under review. All other indices closed lower, except for the NGX Main Board, NGX Insurance, NGX Oil & Gas, and NGX Growth indices. These indices appreciated by 0.08 per cent, 0.61 per cent, 0.05 per cent, and 1.85 per cent respectively.
The NGX Commodity Index closed flat during the week. Forty-four equities appreciated in price, lower than the 61 recorded in the previous week. Thirty-seven equities depreciated in price, higher than the 32 recorded in the previous week, while 65 equities remained unchanged.
Sovereign Trust, Etranzact, Learn Africa, PZ Cussons, and Fortis Global Insurance were the top five losers, declining by 30k, N1.50, 95k, N7.40, and 19k respectively. On the other hand, ABC Transport, Critical Minerals Financing Corp, Livingtrust Mortgage Bank, VFD Group, and Computer Warehouse Group emerged as the top gainers for the week.
The NGX notified trading licence holders and the investing public of new listings on its daily official list. An additional 3.21 billion ordinary shares of 50k each of Guinea Insurance Plc were listed on September 28. Also, an additional 3.68 billion ordinary shares of 50k each of Regency Alliance Insurance Plc were listed on the same day.
New and supplementary units of Federal Government bonds issued in September were listed on the NGX on September 29. An additional 1.11 billion ordinary shares of 50k each of The Initiates Plc were listed on the daily official list of the NGX on September 30. The market opened for four trading days during the week due to a public holiday declared by the Federal Government to mark Nigeria's Independence Day.
Key points
- Investors lost N812 billion in market value during the four-day trading week.
- The NGX All-Share Index and market capitalisation declined by 0.52 per cent and 0.50 per cent respectively.
- A total turnover of 3.166 billion shares worth N155.023 billion was recorded in 206,662 transactions during the week.
