"Nigerian equities market closes week negative, ASI drops by 0.31%"

" \n Nigerian equities market closes week negative, ASI drops by 0.31% \n \n\n \n The Nigerian equities market ended the week on a bearish note despite a positive performance recorded in the previous week. For the week ended, 30th July 2021, the All-Share Index dropped by 0.31% from 38,667.9 to 38,547.08 points. \n \n\n \n Similarly, the market capitalization of the equities market also declined by 0.31% to close at N20.08 trillion compared to N20.15 trillion recorded as of the previous week. This is according to the weekly market report, released by the Nigerian Exchange Group (NGX) for the week ended 30th July 2021 . \n \n\n \n Equity Market Performance \n \n\n \n During the week, a total of 1.37 billion shares were traded worth N11.82 billion across 22,982 deals on the floor of the Exchange, compared to a total of 896.174 million shares valued at N5.235 billion that exchanged hands last week in 11,714 deals. \n \n\n \n The significant variance is highly attributable to the two days holiday declared in the previous week, which means trading activities only took place for three days. \n \n\n \n The Financial Services Industry led the activity chart in terms of volume of shares with 715.394 million shares valued at N4.745 billion traded in 10,274 deals. \n \n\n \n The Financial Services Industry accounted for 52.01% and 40.1% of the total equity turnover volume and value traded in the week respectively. \n \n\n \n The Conglomerates Industry followed with 212.340 million shares worth N517.613 million in 1,060 deals. The third place was Oil and Gas Industry, with a turnover of 153.440 million shares worth N1.597 billion in 3,076 deals. \n \n\n \n The top three traded equities for the week were, Transnational Corporation of Nigeria Plc, Oando Plc, and Fidelity Bank Plc, which accounted for 378.863 million shares worth N995.477 million in 2,998 deals, contributing 27.57% and 8.42% to the total equity turnover volume and value respectively. \n \n\n \n All other indices finished lower with the exception of NGX Premium, NGX Consumer Goods, NGX Oil\/Gas, and NGX Sovereign Bond indices which appreciated by 0.02%, 0.06%, 3.84%, and 1.97% respectively, while the NGX ASeM and NGX Growth Indices closed flat. \n \n\n \n Thirty-seven (37) equities appreciated at price during the week, lower than Forty-three (43) in the previous week. Thirty-five (35) equities depreciated in price, higher than Sixteen (16) equities recorded in the previous week, while eighty-four (84) equities remained unchanged lower than ninety-seven (97) equities recorded in the previous week. \n \n\n \n Top gainers \n \n\n \n \n \n\n \n Top losers \n \n\n \n \n "

"Nigerian equities market closes week negative, ASI drops by 0.31%"

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