The management of the Nigerian Exchange (NGX) Limited in the statement at the end of trading activities on its floor on Friday January 21, 2022 disclosed that trading in the three equities namely Computer Warehouse Group Plc, Transnational Corporation of Nigeria Plc, FBN Holdings Plc by volume accounted for 810.748 million shares worth N2.080 billion in 1,499 deals, contributing 43.65% and 4.38% to the total equity turnover volume and value respectively.
According to the report a total turnover of 1.858 billion shares worth N47.486 billion in 20,861 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.600 billion shares valued at N32.716 billion that exchanged hands last week in 22,607 deals.
The further disclosure of data showed that Financial Service Industry in traded volume led the activity chart with 815.363 million shares which valued at N7.066 billion traded in 10,736 deals; thus contributing 43.89% and 14.88% to the total equity turnover volume and value respectively.
While the ICT Industry recorded 596.575 million shares worth N845.020 million in 1,028 deals leaving the Conglomerates Industry with a turnover of 161.347 million shares worth N191.189 million in 983 deals for the week under review.
In another segment, ETP recorded a total of 28,084 units valued at N18.300 million were traded this week in 27 deals compared with a total of 26,091 units valued at N2.356 million transacted last week in 47 deals.
While BONDS accounted for a total of 2,290 units valued at N2.291 million were traded this week in 7 deals compared with a total of 78,135 units valued at N78.632million transacted last week in 25 deals.
The flagship index of NGX showed All-Share Index and Market Capitalization appreciated by 3.38% to close the week at 45,957.35 and N24.761 trillion respectively. Similarly, all other indices finished higher with the exception of NGX insurance index, which representing 0.27% depreciated, meanwhile the abiku of the Exchange indices, NGX ASem, and NGX Sovereign bond closed flat.
In summary, out of total equities that traded during the week, only Forty-seven (47) were appreciated in price compare with thirty-three (33) equities in the previous week. On the negative side, twenty-three (23) equities depreciated in price in contrast to thirty-five (35) equities in the previous week, while eighty-six (86) equities remained unchanged compare with eighty-eight (88) equities recorded in the previous week.
Though above summary recorded mixed reports, in further analysis of the equities traded activities shown 70 equities were active in the pricing activities that is both up and down prices while 86 equities remain flat or dormant in pricing activities, since 86 is greater than 70 by simple definition, it means the equities traded activities on the floor of the Nigerian Exchange was weak which was supported by three top traded in Computer Warehouse Group Plc, Transnational Corporation of Nigeria Plc, FBN Holdings Plc equities respectively.