NGX Review: Investors gain N1.175trn in 4-day trading week

The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation appreciated by 1.02 per cent and 1.31 per cent to adjacent the week astatine 143,584.04 and N91.135 trillion respectively.

Theses are against 142,133.03 and N89.960 posted past week.

Consequently, equities investors gained N1.175 trillion for the week nether review.

This is due to the fact that the marketplace opened for 4 trading days this week arsenic the Federal Government declared Wednesday Oct. 1, arsenic a nationalist vacation to people the Independence Day celebration.

Similarly, each different indices finished higher with the objection of NGX Premium, NGX Insurance, NGX AFR Div Yield and NGX MERI Value Indices which depreciated by 0.05 per cent, 2.02 per cent, 2.78 per cent and 0.81 per cent respectively, portion the NGX AseM and NGX Sovereign Bond indices closed flat.

Meanwhile, a turnover of 8.403 cardinal shares worthy N115.501 cardinal successful 115,801 transactions was traded this week by investors.

This is successful opposition to 7.684 cardinal shares valued astatine N494.126 cardinal that exchanged hands past week successful 116,645 deals.

The Financial Services Industry led the enactment illustration with 7.750 cardinal shares valued astatine N88.153 cardinal traded successful 54,074 deals.

This contributed 92.24 per cent and 76.32 per cent to the full equity turnover measurement and worth respectively.

The ICT Industry followed with 181.005 cardinal shares worthy N4.077 cardinal successful 9,364 deals.

The 3rd spot was the Consumer Goods Industry, with a turnover of 126.554 cardinal shares worthy N6.274 cardinal successful 14,261 deals.

Trading successful the apical 3 equities, namely Cornerstone Insurance Plc, Fidelity Bank Plc and United Bank for Africa Plc, accounted for 6.525 cardinal shares worthy N52.699 cardinal successful 8,820 transactions.

This contributed 77.66 per cent and 45.63 per cent to the full equity turnover measurement and worth respectively.

Fifty-three equities appreciated successful terms during the week, higher than 32 equities successful the erstwhile week.

Forty-three equities depreciated successful price, little than 51 equities successful the erstwhile week, portion 51 equities remained unchanged, little than 64 recorded successful the erstwhile week

Eterna, Nigerian Enamelware, PZ Cussons, Livingtrust Mortgage Bank and Eunisell Interlinked were the apical 5 gainers for the week, and they grew successful 32.80 per cent, 20.94 per cent, 20.87 per cent, 18.25 per cent and 17.56 per cent respectively.

The companies gained N9.15, N7.35, N7.20, 94k and N5.90 respectively.

The apical 5 decliners for the week were Julius Berger, International Energy Insurance, Union Dicon Salt, AXA Mansard and University Press and they mislaid N26.60, 37k, 90k, N1.60 and 59k respectively.

The NGX notified the trading licence holders that further 14,143,244,747 mean shares of 50 Kobo each of Wema Bank Plc were connected Tuesday, Sept. 30, listed connected the Daily Official List of NGX.

The further shares arose from the Bank’s Rights Issue of 14,286,785,417 mean shares of 50 Kobo each astatine N10.45 per stock connected the ground of 2 (2) caller shares for each existing 3 mean shares held arsenic astatine adjacent of concern connected Wednesday, 5 March 2025.

With the listing of the further 14,143,244,747 mean shares, the full issued, and afloat paid-up shares of Wema Bank Plc has present accrued from 21,430,178,125 to 35,573,422,872 mean shares of 50 Kobo each. (NAN)

The station NGX Review: Investors summation N1.175trn successful 4-day trading week appeared archetypal connected Vanguard News.