The bearish sentiments dominated the Nigerian capital market operated by the Nigerian Exchange Limited in the week ended January 17, 2025 as sell pressure on Dangote Cement, Transcorp Plc, MTN Nigeria Plc, FBN Holdings as the lost 16.5 percent, 8.8 percent, 3.7 percent and 3.3 percent respectively to weighed the NGX All-Share Index down by 2.94 percent to close the week at 102,353.68 points.
Similarly, the Market Capitalization depreciated by 2.26 percent to close at N62.851 trillion.
Further analysis shows that all other indices finished lower with the exception of NGX MERI Value, NGX Consumer Goods, NGX Growth and NGX Sovereign Bond which appreciated by 0.70 percent, 1.33 percent, 0.15 percent, and 0.04 percent respectively while the NGX ASeM closed flat.
Thirty-three equities appreciated in price during the week, lower than 51 equities in the previous week.
Fifty-seven equities depreciated in price higher than 39 in the previous week, while 62 equities remained unchanged, same as 62 recorded in the previous week.
A total turnover of 2.252 billion shares worth N58.831 billion in 63,657 deals was traded during the week by investors on the floor of the Exchange, in contrast to a total of 4.698 billion shares valued at N85.043 billion that exchanged hands the previous week in 72,562 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.371 billion shares valued at N22.274 billion traded in 26,114 deals; thus contributing 60.86% and 37.86% to the total equity turnover volume and value respectively. The Consumer Goods industry followed with 253.536 million shares worth N15.244 billion in 8,869 deals.
Third place was the Services Industry, with a turnover of 193.424 million shares worth N931.795 million in 4,716 deals.
Trading in the top three equities namely Universal Insurance Plc, Guaranty Trust Holding Company Plc and AIICO Insurance Plc (measured by volume) accounted for 468.315 million shares worth N9.007 billion in 3,568 deals, contributing 20.79 percent and 15.31 percent to the total equity turnover volume and value respectively.
During the week under review, Stanbic IBTC Holdings Plc announced the activation of a Rights Issue of 2,944,772,083 ordinary shares of 50 Kobo each at N50.50 per share on the basis of five (5) new ordinary share for every existing twenty-two (22) ordinary shares held as at the close of business on Tuesday, 29 October 2024, opened on Wednesday, January 15, 2025
Similarly, Access Holdings Plc listed it’s Rights Issue of 17,772,612,811 Ordinary Shares of 50 Kobo each at N19.75 Per Share on the Basis of One (1) Ordinary Share for Every Existing Two (2) Ordinary Shares Held as at the Close of Business on Friday, June 7, 2024 on NGX trading board.
Announcing the development, the NGX stated, “Trading Licence Holders are hereby notified that additional 17,772,612,811 ordinary shares of 50 Kobo each at N19.75 per share of Access Holdings Plc (the Company) were on Friday, 17 January 2025, listed on the Daily Official List of Nigerian Exchange Limited.
“The additional shares listed on NGX arose from the Access Holdings Rights Issue of 17,772,612,811 ordinary shares of 50 Kobo each at N19.75 per share. With this listing of the additional 17,772,612,811 ordinary shares, the total issued and fully paid-up shares of Access Holdings have now increased from 35,545,225,622 to 53,317,838,433 ordinary shares of 50 Kobo each.”
