SAT NOV 09 2024-theGBJournal|The NGX benchmark index, the All-Share Index fell, 0.2% w/w to 97,236.19 point by Friday, to wrap up one of its worst weeks this year.
All other indices finished higher with the exception of NGX Main Board, NGX 30, NGX Lotus II and NGX Industrial Goods which depreciated by 0.48%, 0.17%, 0.08%, and 0.02% respectively while the NGX ASeM index closed flat.
Market capitalization lost a staggering N118.40 billion w/w to close at N58.92 trillion with Month-to-Date and Year-to-Date returns down -0.4% and +30.0%, respectively.
Sell pressures on OANDO (-22.0%), MTNN (-3.4%), and TRANSCORP (-4.0%) outweighed gains in ACCESSCORP (+11.5%) and UBA (+6.9%), contributing to the weekly decline.
Meanwhile, the trading activity remained strong, with total volume and value rising by 156.5% and 46.2% w/w, respectively.
The Oil & Gas (+5.4%), Banking (+2.8%) and Insurance (+4.0%) indices advanced while the Consumer Goods and Industrial Goods indices closed flat.
Trading in the top three equities namely Sovereign Trust Insurance Plc, Consolidated Hallmark Holdings Plc and United Bank for Africa Plc (measured by volume) accounted for 3.839 billion shares worth N20.905 billion in 5,652 deals, contributing 59.36% and 27.60% to the total equity turnover volume and value respectively.
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