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Inventory market drops by 0.11% in week ended Sept. 22

In the trading week ended Friday, September 22, Nigeria’s equities market reduced by 0.11 p.c.

In the trading week below overview, Forty eight equities liked in designate increased than 32 equities within the preceding week. Forty equities depreciated in designate decrease than 53 within the preceding week, whereas 67 equities remained unchanged, decrease than 70 recorded within the preceding trading week.

The market’s year-to-date (YtD) return closed decrease at +31.36 p.c.

The Nigerian Exchange Restricted (NGX) All-Portion Index (ASI) and equities market capitalisation depreciated by 0.11percent to prevent the week at 67,324.59 positive aspects and N36.847 trillion respectively.

All varied indices carried out the week increased with the exception of NGX 30, NGX Top class, NGX AFR Div Yield, NGX Lotus ll, NGX Industrial Goods, NGX Yelp and NGX Pension Huge which depreciated by 0.13percent, 3.45percent, 1.72percent, 0.12percent, 4.80percent, 0.36percent and zero.14percent respectively whereas the NGX ASeM index closed flat.

Read moreover: International patrons uptick in be taught about for Nigeria’s equities market

The market recorded full turnover of three.911 billion shares price N30.379 billion in 38,536 deals unlike a whole of two.933 billion shares valued at N47.449 billion that exchanged palms within the preceding week in 44,654 deals.

The Monetary Products and services Trade (measured by volume) led the process chart with 2.774 billion shares valued at N15.241 billion traded in 16,379 deals; thus contributing 70.92percent and 50.17percent to the full equity turnover volume and price respectively.

The Oil and Gas Trade adopted with 438.508 million shares price N5.203 billion in 6,258 deals, and the ICT Trade, with a turnover of 294.470 million shares price N4.447 billion in 3,078 deals.

Trading within the top three equities – Universal Insurance Plc, Oando Plc and United Monetary institution for Africa Plc (measured by volume) accounted for 2.212 billion shares price N8.907billion in 7,593 deals, contributing 56.56percent and 29.32percent to the full equity turnover volume and price respectively.

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