SAT, OCT 28 2023-theGBJournal|The Nigerian equities market displayed a bullish trend in the past week, as indicated by the daily increase of 8 bps in the NGX All-Share Index (NGXASI) and a weekly gain of 33 bps, closing at 67,136.58 points.
Consequently, year-to-date returns surged by 31.00%. Additionally, the overall market capitalization, which settled at N36.89 trillion, recorded a week-on-week uptick of N126 billion. Interestingly, the market breadth stood at 0.93x, signifying 42 stocks declining versus 39 advancing.
Similarly, all other indices finished higher with the exception of NGX Premium, NGX Pension, NGX Insurance, NGX AFR Div. Yield, NGX MERI Growth, NGX Consumer Goods, NGX Industrial Goods NGX Growth, NGX Sovereign Bond and NGX Pension Broad which depreciated by 0.01%, 0.18%, 1.12%, 0.29%, 0.47%, 0.04%, 0.15% 0.25%, 3.56% and 0.06% respectively while the NGX ASeM index closed flat.
Upon analyzing the comprehensive trading statistics, the total trading volume expanded by 4.01%, reaching 214.15 million units, while the total traded value contracted by 18.84%, totaling N5.18 billion.
On a week-on-week analysis, ACCESSCORP (169.82 million units), FIDELITYBK (144.21 million units), and UBA (133.25 million units) were the stocks with the highest trading volumes, while GTCO (N3.88 billion), ACCESSCORP (N2.83 billion), and UBA (N2.55 billion) were the top performers in terms of trading value.
Thirty-nine equities appreciated in price during the week higher than twenty-eight equities in the previous week.
Forty-two equities depreciated in price lower than forty-six in the previous week, while seventy-six (76) equities remained unchanged, lower than eighty-three recorded in the previous week.
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