FRI 31 DEC, 2021-theGBJournal- The NGX All-Share Index and Market Capitalization appreciated by 1.07% to close the week at 42,716.44and N22.297 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX Main Board, NGX Oil/Gas and NGX Industrial Goods Indices which depreciated by 0.84%, 1.09% and 3.91%, respectively while the NGX ASeM Index closed flat.
Notably, investors’ buying interest in NESTLE (+10.0%), MTNN (+7.8%), ACCESS (+5.1%), and ZENITHBANK (+3.1%) drove the benchmark index higher. Accordingly, the MTD loss moderated to -1.2% while the YTD return for the index closed the year at 6.1%, substantially lower than the 50.0% gain recorded in 2020.
A total turnover of 995.361 million shares worth N13.209 billion in 10,264 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 965.061 million shares valued at N12.455 billion that exchanged hands last week in 14,802 deals.
Activity levels were stronger than in the prior week, as trading volume and value increased by 3.1% w/w and 6.1% w/w respectively. Performance across sectors was broadly positive as the Consumer Goods (+6.2%), Banking (+2.6%), and Insurance (+1.9%), indices posted gains, while the Industrial (-3.9%) and Oil and Gas (-1.1%) indices declined.
The Financial Services Industry (measured by volume) led the activity chart with 843.972 million shares valued at N5.885 billion traded in 5,925 deals; thus contributing 84.79% and 44.55% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 46.815 million shares worth N166.702 million in 368 deals. The third place was The Construction/Real Estate Industry, with a turnover of 27.276 million shares worth N107.509 million in 315 deals.
Trading in the top three equities namely Jaiz Bank Plc, FBN Holdings Plc, and Zenith Bank Plc (measured by volume) accounted for 348.887 million shares worth N 3.4193 billion in 1,552 deals, contributing 35.05% and 25.88% to the total equity turnover volume and value respectively.
Meanwhile, Global stocks were on course for ending the last trading week of 2021 on an impressive note, as investors evaluated the prospects for a year-end rally amid surging omicron cases globally.
Consequently, US (DJIA: +1.2%; S&P 500: +1.1%) stocks were set to close the week in the green territory driven by gains in tech and travel shares amid strong U.S data released during the week.
Likewise, European (STOXX Europe: +1.3; and FTSE 100: +0.4%) stocks posted positive performances, supported by gains in commodity-linked and industrial stocks. Asian (Nikkei 225: 0.0%; SSE: +0.6%) markets ended the ultimate trading week of 2021 mixed, as investors’ sentiments were shaped by better-than-expected Chinese data and a rally in US-listed Chinese equities.
Emerging markets stocks (MSCI EM: +0.2%) recorded mild gains driven by bullish sentiments in China (+0.6%) while Frontier (MSCI FM: 0.0%) market stocks ended the week unchanged.
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