BY BUSAYO SAMUEL
Investors in the Nigerian equities market recorded a loss of N22.2billion in the week ended November 5, 2021 as market capitalisation printed N21.93trillion and NGX All-Share dropped by 0.06 percent to 42,014.50.
A total turnover of 1.428 billion shares worth N12.373 billion in 23,987 deals were traded in the week by investors on the floor of the Exchange, in contrast to a total of 3.001 billion shares valued at N34.547 billion that exchanged hands the preceding week in 25,932 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.010 billion shares valued at N7.992 billion traded in 12,208 deals; thus contributing 70.75 percent and 64.60 percent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 94.729 million shares worth N207.829 million in 878 deals. The third place was Consumer Goods Industry, with a turnover of 62.779 million shares worth N1.326 billion in 3,814 deals.
Trading in the top three equities namely FBN Holdings Plc, Sterling Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 402.924 million shares worth N3.063 billion in 3,208 deals, contributing 28.22 percent and 24.76 percent to the total equity turnover volume and value respectively.
At the ETP segment of the market, a total of 252,857 units valued at N3.830 million were traded in the review week in 31 deals compared with a total of 186,360 units valued at N3.251 million transacted in the week ended October 29, 2021, in 16 deals.
Investors in Bonds traded a total of 32,626 units valued at N33.332 million were traded last week in 16 deals compared with a total of 47,577 units valued at N50.350 million transacted in the preceding week in 32 deals.
All other indices finished lower with the exception of NGX Main Board, NGX Insurance, NGX MERI Growth, NGX Lotus II and NGX Industrial Goods indices which appreciated by 0.32 percent, 0.99 percent, 0.09 percent, 0.15 percent and 0.88 percent respectively, while the NGX ASeM Index closed flat.
Twenty three equities appreciated in price during the week, lower than 47 equities in the previous week. 43 equities depreciated in price, higher than 25 equities in the previous week, while 90 equities remained unchanged higher than 84 equities recorded in the previous week.
