NGX Group building
Transaction activities of the stock market on the Nigerian Exchange Ltd. (NGX) declined by 0.08 per cent, making the market capitalisation to close the week at N59.121 trillion.
Specifically, investors lost a total of N48 billion in the four trading sessions, making the market capitalisation to close at N59.121 trillion from N59.169 trillion at the beginning of the week.
International Breweries lost 74k to close at N4.45, Dangote Sugar shed N7 to close at N52, Guinea Insurance declined by 4k to close at 35k per share.
Northern Nigeria Flour Mills Plc went down by N5.35 to close at N48.30, FTN Cocoa Processors depreciated by 16k to close at N1.60 per share, among other declining equities.
During the week, investors traded a total turnover of 1.804 billion shares worth N52.040 billion in 38,550 deals, contrasting with 1.735 billion shares valued at N48.755 billion traded in 45,237 deals the previous week.
As recorded in previous weeks, the financial services industry measured by volume led the activity chart again with 1.329 billion shares valued at N32.924 billion traded in 20,897 deals.
The third place was the Consumer Goods industry, with a turnover of 87.708 million shares worth N4.220 billion in 4,731 deals.
Trading in the top three equities namely Guaranty Trust Holding Company Plc, Zenith Bank Plc and Access Holdings Plc, measured by volume accounted for 589.939 million shares worth N23.276 billion in 8,166 deals.
This indicated contribution of 32.70 and 44.73 per cent to the total equity turnover volume and value, respectively.
On Exchange Traded Products (ETP), a total of 20,189 shares valued at N11.363 million were traded this week in 210 deals, compared to 10,560 valued at N131.549 million transacted last week in 184 deals.
On bonds, a total of 61,447 shares valued at N60.237 million were traded this week in 27 deals compared with a total of 68,735 shares valued at N71.382 million transacted last week in 20 deals.
United Capital Plc announced to pay N1.80 as dividend on April 23, SFS Real Estate Investment Trust proposed N14.50 as dividend to be paid on May 14, Chemical and Allied Products Plc,also declared to pay N1.55 dividend qualified for payment on May 3.
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