Weekly Stock Update: Nigerian Exchange Group Closes Lower, Loses 0.14%

The Nigerian stock market reversed its bullish stance to close lower during the week, with the All-Share Index losing 0.14% in the week ended June 24, 2022. This follows the 2 .68% recorded the previous week.

This is according to information contained in the weekly stock market report, published by the Nigerian Exchange Group.

The benchmark, ASI, depreciated by 0.14% from the 51,778.08 points recorded at the end of last week to end the week at 51,705.61 index points, while the market capitalization followed suit to close at 27.88 trillion naira.

This brings the month-to-date performance of the Nigerian stock market to -2.42% and a year-to-date gain of 21.04%.

Equity market performance

A total of 1.12 billion shares worth N13.70 billion were traded during the week across 22,350 trades on the stock exchange floor. This is less than the 940.89 million units of shares valued at N11.49 billion that traded hands the previous week in 20,077 transactions.

Similar to the previous week, the financial services sector topped the business chart in terms of volume of shares traded with 806.82 million shares valued at 6.08 billion naira traded in 11,071 deals; thus contributing 71.99% and 44.33% respectively to the volume and value of the total stock turnover.

The oil and gas industry followed with 95.03 million shares worth N1.45 billion in 1,849 deals, while the consumer goods industry was in third place with turnover. of 66.72 million shares worth N169.52 million in 733 transactions.

Trading of the three largest stocks by volume, namely FCMB Plc, UBA Plc and Oando Plc, accounted for 407.77 million shares worth N2.01 billion in 2,181 trades, contributing 36, 39% and 14.66% to volume and value of total stock turnover.

Similarly, 10 indices finished lower, while 7 indices gained except for the NGX Growth index and the NGX ASeM index which remained unchanged.

TOP WINNERS

  • NAHCO up +10.53% to close at 8.40N
  • CHAMPIONS up +10.00% to close at N3.74
  • MRS up +9.80% to close at N16.25
  • FBNH up +8.76% to close at N10.55
  • ROYALEX up +6.59% to close at N0.97

TOP LOSERS

  • CWG down – 14.89% to close at N0.80
  • RTBRISCOE down -14.29% to close at N0.48
  • GLAXOSMITH down -13.48% to close at N6.10
  • JOHNHOLT down -11.27% to close at N0.63
  • ACADEMY down -10.00% to close at N1.17

Summary

The price of sixteen (16) shares appreciated during the week, higher than that of thirteen (13) shares the previous week. Fifty-six (56) stocks depreciated at a higher price than Fiftyone (51) stocks the previous week, while eighty-four (84) stocks remained unchanged below the ninety-two (92) ) actions recorded the previous week.

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