• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home highlights

Nigerian equities market close week bullish as investors gain N340 billion

4 years ago
in highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
34
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Nigerian equities market close week bullish as investors gain N340 billion

The Nigerian equity market recorded a fourth consecutive weekly gain to kick start the last quarter of the year as the All-Share index grew by 1.61% to close at 40,868.36 points.

Similarly, stock market investors gained N340 billion during the week as the total equities market capitalization rose to N21.3 trillion, a 1.6% increase compared to N20.96 trillion recorded as of the end of the previous week.

This is contained in the weekly stock market report, released by the Nigerian Exchange Group (NGX). Notably, the All-share index rose from 40,22.17 points recorded as of 30th September 2021 to close at 40,868.36 points as of the end of the review week.

Equity market performance

A total turnover of 2.179 billion shares worth N21.963 billion in 22,438 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 2.187 billion shares valued at N16.183 billion that exchanged hands last week in 14,377 deals.

  • The Financial Services Industry led the activity chart with 1.77 billion shares valued at N18.06 billion traded in 12,942 deals; thus contributing 81.20% and 82.22% to the total equity turnover volume and value respectively.
  • The Conglomerates followed with 93.18 million shares worth N169.819 million in 736 deals. The third place was ICT Industry, with a turnover of 72.338 million shares worth N1.043 billion in 861 deals.
  • Trading in the top three equities in terms of volume were FBN Holdings Plc, Universal Insurance Plc and Fidelity Bank, jointly recording trades on 1.16 billion shares worth N12.334 billion in 3,460 deals, contributing 53.28% and 56.18% to the total equity turnover volume and value respectively.
  • Similarly, all other indices finished higher with the exception of NGX Insurance and NGX Consumer Goods Indices that shed 1.51% and 0.51% respectively, while the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat.

Forty-two (42) equities appreciated in price during the week, higher than thirty-three (33) equities in the previous week. On the flip side, twenty-two (26) equities depreciated in price, higher than twenty-two (22) equities in the previous week, while eighty-seven (87) equities remained unchanged lower than one hundred (100) equities recorded in the previous week.

Meanwhile, Jaiz Bank listed 5.08 billion ordinary shares of 50 kobo each, which increases the total issued and fully paid-up shares of the bank to 34.54 billion. On the other hand, the Exchange notified the public of the lifting of suspension placed on trading in the shares of African Alliance Insurance and Royal Exchange Plc.

RelatedPosts

The Perils of Market Interventionism: When Political Pressures Threatens Ghana’s Economic Gains – The Way Forward

GAB Projects Drop in Lending Rates Starting August 6 Following BoG’s 300bps Policy Rate Cut

Local Bourse Rallies Strongly as GSE-CI Hits Near 7,000 Mark

Top gainers

Top losers

Source: nairametrics
Via: norvanreports
Tags: All-share IndexNigeriaNigerian equities market close week bullish as investors gain N340 billionNigerian Exchange group (NGX).
No Result
View All Result

Highlights

Treasury Exceeds Auction Target of GHS 3.86 Billion Amid Tightening Yields

BoG Raises GHS 15.38 Billion via 56-Day Bills to Reinforce Tight Monetary Policy Stance

Passage of Competition Law Key to Tackling DSTV’s Market Dominance – CUTS International

Why Are Interest Rates Still High? The MPR vs Market Rates Debate

Climate Change Is Making Africa’s Debt Burden Worse – New Debt Contracts Could Help

Nigeria’s EV Market is in Vogue as Foreign Investment Pours in

Trending

Business

The Perils of Market Interventionism: When Political Pressures Threatens Ghana’s Economic Gains – The Way Forward

August 4, 2025

The Perils of Market Interventionism: When Political Pressures Threatens Ghana's Economic Gains - The Way Forward Ghana’s...

GAB Projects Drop in Lending Rates Starting August 6 Following BoG’s 300bps Policy Rate Cut

August 4, 2025

Local Bourse Rallies Strongly as GSE-CI Hits Near 7,000 Mark

August 4, 2025

Treasury Exceeds Auction Target of GHS 3.86 Billion Amid Tightening Yields

August 4, 2025

BoG Raises GHS 15.38 Billion via 56-Day Bills to Reinforce Tight Monetary Policy Stance

August 4, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.