Home Life Style Weekly Stock Change: NGX maintains bullish bustle, all-fragment index up 2.61% w-o-w

Weekly Stock Change: NGX maintains bullish bustle, all-fragment index up 2.61% w-o-w

by Good News

The Nigerian equities market maintained its bullish performance all around the week because the All-Portion index won 2.61% within the week ended sixth of Might possibly just 2022. This is following the two.43% development recorded within the outdated week.

This is per the records contained within the weekly inventory market story, launched by the Nigerian Exchange Community.

The benchmark index, ASI liked by 2.61% from 48,459.65 ingredients recorded as of the discontinue of last week to conclude the week at 50,935.03 index ingredients, while the market capitalization adopted suit to conclude at N27.46 trillion.

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This brings the month-to-date performance of the Nigerian inventory market to +2.61% and a year-to-date procure of 19.24%.

Fairness market performance
A total of 1.60 billion shares valued at N19.60 billion had been traded all around the week across 21,494 affords on the floor of the Exchange. This is lower than the 8.21 billion objects of shares valued at N46.15 billion that exchanged arms within the outdated week in 28,622 affords.

The Monetary Services Industry led the project chart in phrases of volume of shares traded with 1.06 billion shares valued at N7.73 billion traded in 8,670 affords; thereby contributing 66.15% and 39.42% to the total equity turnover volume and value respectively.

The Conglomerates Industry adopted with 148.17 million shares worth N250.57 million in 852 affords, while the Particular person Items Industry, stood in third enviornment with a turnover of 145.47 million shares worth N5.23 billion in 4,557 affords.

Trading within the pinnacle three equities by volume – Union Bank of Nigeria Plc, FCMB Community Plc and Transcorp Plc – accounted for 547.58 million shares worth N2.33 billion in 957 affords, contributing 34.26% and 11.89% to the total equity turnover volume and value respectively.

In an identical contrivance, all various indices accomplished elevated as an alternative of for NGX Insurance coverage Index, NGX-AFR Bank Payment Index, NGX MERI Payment Index, NGX Oil/Gasoline Index, NGX Boost Index and NGX Sovereign Bond Index, respectively. While NGX AseM index closed flat.

TOP GAINERS

CHAMPION up +32.54% to conclude at N3.34
INTBREW up +32.35% to conclude at N6.75
CADBURY up +32.20% to conclude at N13.55
FIDSON up +23.07% to conclude at N10.03
NB up +22.59% to conclude at N70.00

TOP LOSERS

OANDO down – 11.75% to conclude at N5.56
TRANSEXPR down –9.88% to conclude at N0.73
MANSARD down –9.84% to conclude at N2.20
LIVINGTRUST down –9.68% to conclude at N1.12
TRANSCORP down –9.09% to conclude at N4.50

Summary
Forty-nine (49) equities liked in be conscious all around the week, lower than fifty-six (56) equities within the outdated week. Thirty-two (32) equities depreciated in be conscious, elevated than Twenty-six (26) equities within the outdated week, while seventy-five (75) equities remained unchanged elevated than seventy-four (74) equities recorded within the outdated week.

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