Sunday, October 17, 2021

Investors Gain N340bn In Bullish Week As Index Rises By 1.6%

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Investors in the Nigerian equities market earned N340.29bn as trading ended on the floor of the Nigerian Exchange Limited at the weekend.

The NGX All-Share index and market capitalisation rose by 1.61%and 1.6% each to close the week at 40,868.36 basis points and N21.296 trillion respectively, from 40,221.17bps and N20.96tn the week before.

All other indices also finished higher with the exception of NGX Insurance and NGX Consumer Goods Indices that shed 1.51 %and 0.51%respectively, while the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat.

A total turnover of 2.18 billion shares worth N21.96bn in 22,438 deals were traded by investors on the floor of the exchange, in contrast to a total of 2.19 billion shares valued at N16.18bn that exchanged the previous week in 14,377 deals.

The financial services industry, measured by volume was on top of the activity chart with 1.77 billion shares valued at N18.06bn traded in 12,942 deals, contributing 81.20 %and 82.22% to the total equity turnover volume and value respectively.