Stock market up by 0.22% in week ended August 4

Within the buying and selling week ended Friday August 4, the Nigerian Trade Restricted (NGX) All-Share Index (ASI) and equities market capitalisation elevated by 0.22percent to 65,198.08 factors and N35.480 trillion respectively.

All different indices completed greater except NGX Primary Board, NGX CG,NGX Banking, NGX AFR Financial institution Worth, NGX MERI Progress, NGX MERI Worth and NGX Oiland Fuel indices which depreciated by 0.07percent, 0.06percent, 2.13percent, 1.85percent, 2.43percent, 0.78percent, and0.68percent respectively whereas the NGX ASeM index closed flat.

Forty-two equities appreciated in value in the course of the overview week greater than 39equities within the previous week. Fifty-two equities depreciated in value decrease than 54 within the previous week, whereas 61 equities remained unchanged, decrease than 62 recorded within the preceeding buying and selling week.

The market recorded complete turnover of two.575 billion shares price N29.615 billion exchanged in 37,713 offers by traders on the ground of the Trade, in distinction to a complete of two.854 billion shares valued at N37.645 billion that exchanged fingers the previous buying and selling week in 41,547 offers.

The Monetary Providers Trade (measured by quantity) led the exercise chart with 1.921 billion shares valued at N16.514 billion traded in 17,689 offers; thus contributing 74.60percent and 55.76percent to the entire fairness turnover quantity and worth respectively.

The Conglomerates Trade adopted with 160.206 million shares price N625.021 million traded in 1,811 offers, and the Oil and Fuel Trade, with a turnover of 152.046 million shares price N1.332 billion traded in 2,403 offers.

Buying and selling within the prime three equities particularly AIICO Insurance coverage Plc, FCMB Group Plc andTransnational Company Plc (measured by quantity) accounted for 636.217 million shares price N1.737 billion in 2,751 offers, contributing 24.71percent and 5.86percent to the entire fairness turnover quantity and worth respectively.