NGX Closes Week on Negative as Volume, Turnover, and Deals Decline

Kenneth Afor
2 Min Read

The Nigerian Exchange Group (NGX) wrapped up the trading week with a total of 559,797,971 shares traded in 49,433 deals, with a market value of N19,203,149,893.21, news.ng reports.

According to market data, key performance indicators showed a 31% decline in volume, a 42% decline in turnover, and a 6% decline in deals.

The market capitalisation of NGX stood at N129.8 trillion.

The week ended with 33 gainers and 25 losers out of the 133 equities listed for trading.

Among the top gainers, Unilever Nigeria led with a 10% share price appreciation, closing at N103.40 per share, followed by Fortis Global Insurance, which recorded a 9.82% rise in share price to close at N1.23 per share. Multiverse Mining & Exploration recorded a 9.81% increase in share price to close at N20.15 per share, while Legend Internet saw a 9.38% rise in its share price to close at N6.30 per share.

On the other hand, John Holt recorded the most losses, with an end-of-day price depreciation of 9.91% to close at N15.45 per share, followed by Abbey Mortgage Bank, which lost about 9.6% of its share price to close at N8.95 per share. International Energy Insurance recorded a 6.48% depreciation to close at N3.32 per share, while Chams lost 5.3% of its share price to close at N3.75.

Secure Electronic Technology recorded the highest volume, with 59.7 million shares traded, followed by Wema Bank with 52 million shares traded. VFD Group recorded 36 million shares traded, while Access Holdings recorded 35.2 million shares traded.

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A graduate of Mass Communication from Yaba College of Technology with over four years in journalism (print and electronic) in several beats including business, politics, sports and entertainment.