…The gains in the shares of BUAFOODS (+11.9%) and DANGSUGAR (+15.0%), apart from boosting the NGX All-Share Index, also helped to lift the month-to-date and year-to-date returns up to +3.8% and +5.4%, respectively
SAT FEB 22 2025-theGBJournal| The NGX All-Share Index and market capitalization edged higher by 0.41% and 0.29% to close the week at 108,497.40 and N67.614 trillion respectively, influenced by the positive inflation data and the Central Bank of Nigeria’s (CBN) monetary policy decision taken during the week.
All other market indices finished higher with the exception of NGX CG, NGX Premium, NGX Banking, NGX Pension, NGX AFR Bank Value, NGX AFR Div Yield, NGX MERI Growth, NGX MERI Value, NGX Oil and Gas, NGX Growth and NGX Commodity which depreciated by 2.09%, 1.15%, 3.22%, 1.22%, 3.25%, 1.79%, 2.39%, 2.78%, 2.87%, 0.25% and 0.50% respectively.
The gains in the shares of BUAFOODS (+11.9%) and DANGSUGAR (+15.0%), apart from boosting the NGX All-Share Index, also helped to lift the month-to-date and year-to-date returns up to +3.8% and +5.4%, respectively.
Trading in the top three equities namely Access Holdings Plc, Ellah Lakes Plc and Fidelity Bank Plc (measured by volume) accounted for 618.543 million shares worth N11.207 billion in 7,159 deals, contributing 30.92% and 22.65% to the total equity turnover volume and value respectively.
The Financial Services Industry (measured by volume) led the activity chart with 1.199 billion shares valued at N26.325 billion traded in 30,527 deals; thus contributing 59.91% and 53.20% to the total equity turnover volume and value respectively.
The Agriculture industry followed with 234.002 million shares worth N1.683 billion in 3,191 deals. Third place was the Consumer Goods Industry, with a turnover of 173.829 million shares worth N7.150 billion in 8,903 deals.
A total turnover of 2.001 billion shares worth N49.486 billion in 70,853 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.414 billion shares valued at N55.512 billion that exchanged hands last week in 80,988 deals.
Looking ahead, market performance is expected to be influenced by the upcoming economic growth report (Q4-24 GDP) and further corporate earnings releases, with Industrial Goods heavyweights DANGCEM, WAPCO, and BUACEMENT expected to release 2024 audited financials next week.
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