Newscenter Media News Investors in the Nigerian Equities market endured a topsy-turvy week that culminated in a weekly loss of N118.22 billion on the trading floor.
This follows a loss of N1.2 trillion the previous week.
The bourse recorded gains in three of the five trading sessions this week but still ended up with a deficit of N118.22 billion.
The market capitalization decreased from N59.03 trillion to N58.92 trillion.
Similarly, the All-Share Index (ASI) depreciated by 0.20% to close the week at 97,236.19 from 98,070.28 points recorded the previous week.
The Nigerian equities market began the week on Monday, November 4, 2024, with a loss as investors shed N317 billion at the end of the trading session.
The market closed on Tuesday, November 5, 2024, with a gain of N131 billion.
The bears returned to the market as investors lost N337 billion at the end of the trading session on Wednesday, November 6, 2024.
On Thursday, November 7, 2024, investors gained N216 billion at the end of the trading session.
READ ALSO: Trancorp, Eunisell, John Holt, Redstarex, others top list of stocks to watch this week
The market closed positive on Friday, November 8, 2024, as investors gained another N188 billion at the end of the trading session.
A total turnover of 6.468 billion shares worth N75.745 billion in 48,804 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.717 billion shares valued at N54.632 billion that exchanged hands last week in 46,848 deals.
The Financial Services Industry (measured by volume) led the activity chart with 5.666 billion shares valued at N44.263 billion traded in 23,268 deals; thus contributing 87.60% and 58.44% to the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 245.722 million shares worth N15.877 billion in 9,057 deals. Third place was the Agriculture Industry, with a turnover of 216.422 million shares worth N1.087 billion in 1,653 deals.
Trading in the top three equities namely Sovereign Trust Insurance Plc, Consolidated Hallmark Holdings Plc and United Bank for Africa Plc (measured by volume) accounted for 3.839 billion shares worth N20.905 billion in 5,652 deals, contributing 59.36% and 27.60% to the total equity turnover volume and value respectively.
Thirty-one (31) equities appreciated in price during the week lower than thirty-nine (39) equities in the previous week. Forty-two (42) equities depreciated in price lower than forty five (45) in the previous week, while seventy-nine (79) equities remained unchanged, higher than sixty-eight (68) recorded in the previous week.
Eunisell Interlinked Plc recorded the biggest share price increase in percentage gaining 45.91% followed by John Holt Plc which increased its share price by 45.76% in the process.
Conoil Plc also increased its share price by 37.35%.
On the flip side, Oando Plc recorded the biggest decline in share prices by percentage shedding 21.97% followed by Abbey Mortgage Bank Plc which shed 18.15% of its share prices.
Deap Capital Management & Trust Plc also shed 14.40% off its share prices.
By: Babajide Okeowo
The post NGX EOUND-UP: Topsy turvy week ends in red for investors with N118bn loss appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.