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Weekly Market Report –week ended March 15th, 2024

EQUITY
A total turnover of 1.773 billion shares worth N52.867 billion in 44,713 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.157 billion shares valued at N108.824 billion that exchanged hands last week in 51,556 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.136 billion shares valued at N23.185 billion traded in 19,896 deals; thus contributing 64.04% and 43.86% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 339.390 million shares worth N5.874 billion in 3,650 deals. The third place was the Consumer Goods Industry, with a turnover of 82.645 million shares worth N6.724 billion in 6,155 deals. Trading in the top three equities namely Transnational Corporation Plc, Guaranty Trust Holding Company Plc and Access Holdings Plc (measured by volume) accounted for 677.439 million shares worth N17.287 billion in 7,789 deals, contributing 38.21% and 32.70% to the total equity turnover volume and value respectively.

ETP/BOND
A total of 19,403 units valued at N8.143 million were traded this week in 79 deals compared with a total of 24,397 units valued at N8.936 million transacted last week in 136 deals.

At the bond market, a total of 229,700 units valued at N241.474 million were traded this week in 31 deals compared with a total of 63,607 units valued at N63.432 million transacted last week in 27 deals.

INDEX MOVEMENT
The NGX All-Share Index and Market Capitalization appreciated by 3.71% to close the week at 105,085.25 and N59.416 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX Oil and Gas and NGX Sovereign Bond which depreciated by 0.11% and 3.12% respectively.

SUMMARY OF PRICE CHANGES
Fifty-five (55) equities appreciated in price during the week higher than twenty-two (22) equities in the previous week. Twenty-four (24) equities depreciated in price lower than fifty-six (56) in the previous week, while seventy-five (75) equities remained unchanged, lower than seventy-six (76) recorded in the previous week.

LISTING
Nigerian Exchange Group Plc: Listing of NGX30U4 and NGXPENSIONU4 Futures Contracts Trading License Holders and investing public are hereby notified that NGX30U4 and NGX PENSIONU4 Futures Contracts: (expire 15 September 2024) were listed on Nigerian Exchange Limited (NGX) on the 11th March 2024.

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