NGX All-Share Index falls to 192,826.78 amid heavy sell-off

By Taiye Olayemi

The All-Share Index and market capitalisation of the Nigerian Exchange Ltd. declined by 1.11 per cent and 1.12 per cent, respectively, to close the week at 192,826.78 and N123.763 trillion.

This is in contrast with the previous week’s figures of 194,989.77 and N125.164 trillion.
Consequently, investors recorded a total loss of N1.401 trillion over the period under review.

Similarly, all other indices finished lower with the exception of NGX Banking, NGX Pension, NGX AFR Bank Value, NGX MERI Growth, NGX MERI Value, NGX Sovereign Bond and NGX Commodity.

They appreciated by 0.71 per cent, 0.13 per cent, 2.35 per cent, 3.11 per cent, 0.92 per cent, 1.25 per cent and 1.27 per cent respectively.
The week reported four bearish sessions and one bullish rally.

Meanwhile, a total turnover of 5.494 billion shares worth N196.709 billion in 370,233 deals was traded this week by investors on the floor of the Exchange.

This was in contrast to a total of 7.662 billion shares valued at N252.566 billion that exchanged hands last week in 345,118 deals.

The Financial Services Industry led the activity chart with 3.241 billion shares valued at N82.775 billion traded in 153,744 deals.

This contributed 58.99 per cent and 42.08 per cent to the total equity turnover volume and value respectively.

The Oil and Gas Industry followed with 897.862 million shares worth N38.816 billion in 29,179 deals. In the third place was the Services Industry, with a turnover of 360.490 million shares worth N5.782 billion in 22,971 deals.

Trading in the top three equities, namely Japaul Gold & Ventures Plc, Fortis Global Insurance Plc and Zenith Bank Plc, accounted for 1.576 billion shares worth N33.464 billion in 30,055 deals.

This contributed 28.68 per cent and 17.01 per cent to the total equity turnover volume and value respectively.

Thirty-two equities appreciated in price during the week, lower than seventy- one equities in the previous week.

Sixty-nine equities depreciated in price, higher than 41 equities in the previous week, while 47 equities remained
unchanged, higher than 36 recorded in the previous week.

The top five losers for the week are: Associated Bus Company, Daar Communications, Tantalizers, Livingtrust Mortgage Bank and University Press.

The companies lost N2.25, 55k, 90k, 95k and 80k respectively.

Fortis Global Insurance, Okomu Oil, Infinity Trust Mortgage Bank, AXA Mansard Insurance and FCMB Group were the top five gainers for the week, and they added N34, N305.30, N3.25, N2.70 and N2 respectively.

(NAN)