The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation depreciated by 1.65 per cent and 1.60 per cent to close the week at 232,049.02 and N148.905 trillion respectively.
This is in contrast with 235,941.27 and N151.327 trillion recorded in the previous week.
Consequently, the market witnessed N2.422 decline in the week under review.
Similarly, all other indices finished lower with the exception of NGX CG, NGX Banking, NGX AFR Bank Value, NGX AFR Div Yield and NGX MERI Value which appreciated by 2.40 per cent, 3.51 per cent, 3.28 per cent, 9.93 per cent and 0.56 per cent.
Meanwhile, a total turnover of 2.324 billion shares worth N134.486 billion in 249,328 deals was traded this week by investors on the floor of the Exchange.
This is in contrast to 3.075 billion shares valued at N254.614 billion that exchanged hands last week in 287,157 deals.
The Financial Services Industry led the activity chart with 1.523 billion shares valued at N47.542 billion traded in 105,230 transactions.
This contributed 65.53 per cent and 35.35 per cent to the total equity turnover volume and value respectively.
The ICT Industry followed with 198.821 million shares worth N32.622 billion in 29,905 deals.
The third place was the Consumer Goods Industry, with a turnover of 151.635 million shares worth N10.933 billion in 23,951 deals.
Trading in the top three equities, namely Access Holdings Plc, Fidelity Bank Plc and Chams Holding Company Plc, accounted for 485.749 million shares worth N7.656 billion in 17,843 deals.
This contributed 20.90 per cent and 5.69 per cent to the total equity turnover volume and value respectively.
Eleven equities appreciated in price during the week lower than 40 equities in the previous week.
Seventy-eight equities depreciated in price, higher than 53 equities in the previous week, while 57 equities remained unchanged, higher than 53 recorded in the previous week.
International Energy Insurance, First HoldCo, John Holt, Nigerian Aviation Handling Company and Zichis Agro-Allied Industries led the losers’ chart, shedding N2.05, N14, N2.40, N31 and N5 respectively.
Conversely, Cornerstone Insurance, Academy Press, Conoil, Neimeth Pharmaceuticals and Ikeja Hotel led the gainers’ chart, appreciating by 60k, 65k, N16, 40k and N1.45, respectively.
The NGX notified the trading license holders and the investing public that trading in the shares of Fortis Global Insurance Plc was suspended on Wednesday, June 17.
According to NGX, this is to enable the company’s Registrars and the Central Securities and Clearing System Plc to reconcile their books for the listing of the reconstructed shares on NGX.
“The suspension is also required for the purpose of determining the shareholders who are entitled to receive the reconstructed shares, ” it said.
