At the end of last week’s trading on the Nigerian Exchange Limited‘s floor, investors made a profit of N500 billion.
Last week, the market was closed for four trading days as the Federal Government of Nigeria proclaimed public holidays on Friday (Good Friday) and Monday (Easter Monday) to honor the 2022 Easter celebrations.
The NGX All-Share Index and market capitalization of shares listed on the NGX had rose by 1.99 percent to 47,558.45 and N25.639 trillion, respectively.
All other indexes ended the day higher, with the exception of the NGX Asem, NGX Growth, and Sovereign Bond indices, which were all flat.
According to the NGX, 51 equities appreciated in price during the week, higher than 33 equities in the previous week.
Eighteen equities depreciated in price, lower than 31 stocks in the previous week. Eighty-seven equities remained unchanged, lower than 92 stocks recorded in the previous week.
The NGX weekly market report showed that a total turnover of 1.247 billion shares worth N22.372bn in 23,406 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 1.137 billion shares valued at N10.812bn that exchanged hands last week in 23,471 deals.
The financial services industry (measured by volume) topped the activity chart, with 975.776 million shares worth N10.678 billion traded in 13,097 transactions, accounting for 78.24 percent of total stock turnover volume and 47.73 percent of total equity turnover value.
The consumer goods sector came in second, with 65.187 million shares worth N1.752 billion traded in 2,725 transactions. The services industry came in third with a turnover of 42.614 million shares worth 135.745 million in 1,172 transactions.
The top three equities, Guaranty Trust Holding Company Plc, Zenith Bank Plc, and Fidelity Bank Plc (measured by volume), traded 429.657 million shares worth N7.786 billion in 5,871 transactions, accounting for 34.45% and 34.80% of total equity turnover volume and value, respectively.
