The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation depreciated by 1.21 per cent to close the week at 229,240.34 and N147.103 trillion respectively.
The market lost N1.802 trillion, as the All-Share Index declined from 232,049.02 when compared with the previous session’s market capitalisation of N148.905 trillion,
Similarly, all other indices finished lower with the exception of NGX Main Board which appreciated by 2.27 per cent.
Meanwhile, a total turnover of 3.821 billion shares worth N154.393 billion in 258,567 deals was traded this week by investors on the floor of the Exchange.
This is in contrast with a total of 2.324 billion shares valued at N134.486 billion that exchanged hands last week in 249,328 deals.
The Financial Services Industry led the activity chart with 2.330 billion shares valued at N54.606 billion traded in 108,978 deals.
This contributed 60.99 per cent and 35.37 per cent to the total equity turnover volume and value respectively.
The Services Industry followed with 509.473 million shares worth N16.353 billion in 16,527 deals.
The third place was rhe Consumer Goods Industry, with a turnover of 216.344 million shares worth N8.057 billion in 25,963 deals.
Trading in the top three equities, namely Sterling Financial Holdings Company Plc, Access Holdings Plc and Ikeja Hotel Plc, accounted for 1.405 billion shares worth N28.370 billion in 12,898 deals.
This contributed 36.78 per cent and 18.37 per cent to the total equity turnover volume and value respectively.
Twenty-two equities appreciated in price during the week same as 22 equities in the previous week.
Fifty-seven equities depreciated in price, same as 57 equities in the previous week, while 67 equities remained unchanged, same as 67 recorded in the previous week.
The top five decliners for the week are: International Energy Insurance, Mc Nicholas, University Press, RT Briscoe and UPDC Real Estate Investment Trust.
The companies lost N1.09, N1.60, N1, N1.65 and N1.30 respectively.
On the other hand, Airtel Africa, Regency Alliance Insurance, UPDC, Daar Communications and Sunu Assurances were the top five gainers for the week, adding N915.20, 16k, 40k, 12k and 27k respectively.
The NGX notified trading license holders and the investing public that the change of name of Abbey Mortgage Bank Plc to Abbey Bank Plc has been implemented by the NGX.
Also, the change of name of Deap Capital Management and Trust Plc to Critical Minerals Financing Corp Plc has been implemented by the NGX.
Following the earlier notification that trading in the shares of Fortis Global Insurance Plc was placed on suspension effective, Wednesday, June 17, in preparation for the share reconstruction of the company’s Issued shares.
The NGX notified trading license holders that the entire 12,911,030,586 ordinary shares of Fortis Global Insurance Plc were delisted from the Daily Official List of the NGX on July 2, while the newly reconstructed issued share capital of 3,227,757,647 ordinary shares of 50 Kobo each were also listed on the Daily Official List of NGX at N3.96 per share.
“The delisting of 12,911,030,586 ordinary shares and listing of 3,227,757,647 ordinary shares on NGX is pursuant to the approval received from the Company’s shareholders at its Extraordinary General Meeting of April 4, 2025 and no objection received from the Securities and Exchange Commission.
“Consequently, following the completion of the share reconstruction, the suspension placed on the securities of the Company has been lifted.” NAN