Weekly Stock Market Report: The Nigerian Exchange falls by 1.09%

• The Nigerian Exchange falls by 1.09%
• The weekly performance of the Equity market
• Weekly Report
• Top Price Gainers
• Top Price Decliners

According to data from the Nigerian Exchange Group’s weekly stock market report, the All-Share Index fell by 1.09% throughout the course of the week ending October 28, 2022, causing the Nigerian stock market to end the week in red (Bearish).

The baseline ASI (Accumulative Swing Index)  lost 1.09% of its value from the 44,396.73 points it had at the close of the previous week to close the week at 43,912.64 index points. The market capitalization also declined, ending the week at N23.918 trillion.

With a gain of 2.80% so far this year and a decrease of 10.42% month-to-month, the Nigerian stock market is performing poorly.

The weekly performance of the Equity market

Weekly Stock Market Report: The Nigerian Exchange falls by 1.09%

Investors traded a total of 598.817 million shares worth N14.234 billion in 15,859 transactions this week, down from a total of 938.020 million shares worth N16.701 billion that changed hands in 15,700 transactions the previous week.

With 398.264 million shares worth N2.219 billion moved in 8,247 deals, the Financial Services Industry dominated the activity chart in terms of volume, contributing 66.51% and 15.59%, respectively, to the overall stock exchange volume and value.

READ MORE: Nigerian Stock market falls by N127 billion

Following 37.514 million shares worth N49.503 million in 393 transactions was the Conglomerates Industry. With 1,218 transactions totaling 30.708 million shares worth N8.383 billion, the ICT industry came in third.

Mutual Benefits Assurance Plc, Sterling Bank Plc, and Fidelity Bank Plc were the top three stocks traded, accounting for 30.28%, 1.75%, and 181.347 million shares worth N248.920 million exchanged in 854 transactions, respectively, of the total equity turnover volume and value.

WEEKLY REPORT

Exchange-traded products

In contrast to the 6,524 units valued at N458,786.20 traded in 20 deals last week, 6,744 units worth N1.725 million were exchanged this week in a total of 26 trades.

INDEX MOVEMENT

The market capitalization and NGX All-Share Index both lost 1.09% of their value to end the week at N23.918 trillion and 43,912, respectively.

All other indexes also ended lower except for the NGX-Main Board, NGX Banking, NGX MERI Value, and NGX Industrial indices, which increased by 0.83%, 0.07%, 1.21%, and 0.34%, respectively, while the NGX ASeM and NGX Growth indices ended flat.

See a summary of index movements in the image below:

The Nigerian Exchange Market falls by 1.09%: Credit to Nigerian Exchange (NGX) Limited

Top Price Gainers

• RTBRISCOE PLC was up +17.86% to close at N0.33
• BUACEMENT was up +12.90% to close at N70.00
• FTNCOCOA was up +11.11% to close at N0.30
• JAPAUL GOLD was up +10.71% to close at N0.31
• SUNUASSUR was up +9.37% to close at N0.35

Top Price Decliners

• NEM down – 15.16% to close at N3.75
• HONYFLOUR down – 11.25% to close at N2.13
• UNILEVER down – 10.42% to close at N10.75
• DANGCEM down – 10.00% to close at N220.50
• PHARMA-DEKO down – 9.76% to close at N1.85

SUMMARY OF PRICE CHANGES

• During the week, 29 stocks rose, which is fewer than the 33 stocks that rose the week before.
• On the other hand, more stocks—31, as opposed to 29, in the previous week—depreciated in value.
• Ninety-seven (97) stocks stayed unchanged, which is a larger number than the ninety-five (95) stocks saw the week before.