Investors last week were bullish on the shares of three stocks of which their combined total volume accounted for 53.28 per cent of total market turnover for the week ended Friday October 8, 2021.
Trading in the top three equities, FBN Holdings, Universal Insurance and Fidelity Bank measured by volume accounted for 1.161 billion shares worth N12.338 billion and recorded in 3,460 deals.
The combined turnover contributed 53.28 per cent and 56.18 per cent to the total equity turnover volume and value respectively, recorded in the week.
Meanwhile, a total turnover of 2.179 billion shares worth N21.963 billion in 22,438 deals were traded in the week by investors on the floor of the Exchange, in contrast to a total of 2.187 billion shares valued at N16.183 billion that exchanged hands in the prior week in 14,377 deals.
The Financial Services Industry measured by volume led the activity chart with 1.770 billion shares valued at N18.058 billion traded in 12,942 deals; thus contributing 81.20 per cent and 82.22 per cent to the total equity turnover volume and value respectively.
The Conglomerates followed with 93.178 million shares worth N169.819 million in 736 deals. The third place was ICT Industry, with a turnover of 72.338 million shares worth N1.043 billion in 861 deals.
A total of 260 units of Exchange Traded Products (ETPs) valued at N5, 362.50 were traded in the week in 2 deals compared with a total of 160,433 units valued at N52.347 transacted last week in 23 deals.
Also, a total of 62,005 units of bonds valued at N65.842 million were traded last week in 39 deals compared with a total of 41,267 units valued at N42.568 million transacted in the preceding week in 17 deals.
The NGX All-Share Index and Market Capitalization appreciated by 1.61% and 1.62% to close the week at 40,868.36 and N21.296 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX Insurance and NGX
Consumer Goods Indices that shed 1.51 per cent and 0.51 per cent respectively, while the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat.
Meanwhile, a 42 equities appreciated in price during the week, higher than 33 equities in the previous week. Also, 26 equities depreciated in price, higher than 22 equities in the previous week, while 87 equities remained unchanged lower than one 100 equities recorded in the previous week.
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