NGX ends week lower as all-share index drops 1.65%
By Aboki Forex —
The Nigerian Exchange closed the week on a negative note. The All-Share Index declined by 1.65% while market capitalisation fell by 1.60% to N148.905 trillion on Friday, June 26.
A total of 2.324 billion shares valued at N134.486 billion were traded in 249,328 deals during the week. This is lower than the 3.075 billion shares worth N254.614 billion traded in 287,157 deals the previous week.
The Financial Services Industry led trading activity by volume with 1.523 billion shares valued at N47.542 billion exchanged in 105,230 deals. The sector accounted for 65.53% of total equity turnover volume and 35.35% of total turnover value.
The ICT Industry followed with 198.821 million shares worth N32.622 billion in 29,905 deals. The Consumer Goods Industry ranked third with 151.635 million shares valued at N10.933 billion in 23,951 deals.
Access Holdings Plc, Fidelity Bank Plc, and Chams Holding Company Plc were the top three equities by volume. They accounted for 485.749 million shares worth N7.656 billion in 17,843 deals. That represents 20.90% of total equity turnover volume and 5.69% of total value.
Market sentiment remained bearish during the week. 22 equities recorded price appreciation, higher than 11 in the previous week. 57 equities declined in price, lower than 78 recorded the previous week. 67 equities closed unchanged, compared with 57 in the previous week.
Top price gainers included MCNichols Plc which rose from N6.80 to N8.60, International Energy Insurance Plc from N5.06 to N5.79, and Guaranty Trust Holding Company Plc from N115.55 to N127.90. First HoldCo Plc gained from N55.00 to N60.50, Airtel Africa Plc from N3,962.60 to N4,358.80, Skyway Aviation Handling Company Plc from N155.75 to N171.20, and Tripple Gee and Company Plc moved up as well.