BY BAMIDELE FAMOOFO
Both the market capitalisation and All Share Index of the Nigerian Exchange Limited dropped by 2.63% to N22.003trillion and 42,167.91 respectively, in the week ended December 3, 2021.
The NGX ASI stood at 43,308.29 in the preceding week, representing a weekly change of -1,140.38 as investors recorded a loss of -2.63% Week to Date and -2.5% Month to Date.
Meanwhile, investment in the Exchange remained positive in the long term as return on investment (RoI) remained positive Year to Date (YTD) at 4.71%.
Three stocks in the Financial Services Industry (FBN Holdings Plc, GTCO Plc and Access Bank Plc) emerged investors’ toast in the review period, contributing 36.82% and 37.90% to the total equity turnover volume and value respectively. The stocks accounted for 470.731 million shares worth N6.571 billion traded in 3,887 deals in the week.
The Financial Services Industry (measured by volume) led the activity chart with 984.543 million shares valued at N10.247 billion traded in 11,029 deals; thus contributing 77.01% and 59.09% to the total equity turnover volume and value respectively. Consumer Goods Industry followed with 78.724 million shares worth N2.328 billion in 3,137 deals. The third place was The Conglomerates Industry, with a turnover of 48.730 million shares worth N69.840 million in 647 deals.
A total turnover of 1.278 billion shares worth N17.340 billion in 21,052 deals were traded in the week by investors on the floor of the Exchange, in contrast to a total of 3.435 billion shares valued at N30.915 billion that exchanged hands last week in 21,109 deals.
In the Exchange Traded Product segment of the market, a total of 13,481 units valued at N714, 329.90 were traded in the review week in 15 deals compared with a total of 147 units valued at N15, 766.78 transacted in the preceding week in 7 deals.
A total of 3,344 units valued at N3.603 million were traded in 7 deals in the Bonds market compared with a total of 31,275 units valued at N33.596 million transacted the preceding week in 21 deals.
Eighteen (18) equities appreciated in price during the week, lower than Twenty-nine (29) equities in the previous week. Forty-nine (49) equities depreciated in price, higher than Thirty-six (36) equities in the previous week, while eighty-nine (89) equities remained unchanged lower than ninety-one (91) equities recorded in the previous week.
Howbeit, other indices finished lower with the exception of NGX Insurance index which appreciated by 2.97%, while the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat.
