The Nigerian Exchange (NGX) experienced a decline in both turnover and market indices last past week as Investors traded a total of 1.652 billion shares worth N42.677 billion in 38,123 deals, a notable drop compared to the previous week’s 2.187 billion shares valued at N50.667 billion in 45,277 deals.
The Financial Services Industry led the activity chart by volume, with 979.479 million shares worth N16.647 billion changing hands in 20,708 deals. This sector contributed 59.30% and 39.01% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 239.825 million shares valued at N2.879 billion in 2,178 deals, while the **Consumer Goods Industry** recorded a turnover of 148.685 million shares worth N3.525 billion in 4,757 deals.
Notably, trading in the top three equities Custodian Investment Plc, Guaranty Trust Holding Company Plc, and Access Holdings Plc accounted for a significant portion of the market activity.
These stocks collectively saw 500.343 million shares worth N11.768 billion traded in 6,551 deals, contributing 30.29% and 27.57% to the total equity turnover volume and value respectively.
Despite these activities, the NGX All-Share Index and Market Capitalization both depreciated, closing the week at 98,125.73 points and N55.508 trillion respectively, reflecting declines of 0.11% and 0.10%.
Most indices finished lower, with exceptions including the NGX Main Board, NGX Lotus II, NGX Industrial Goods, and NGX Pension Broad indices, which appreciated by 0.97%, 0.58%, 0.01%, and 0.12% respectively. The NGX ASeM and NGX Sovereign Bond indices remained flat.
