Stock Market Extends Weekly Gain By N636bn

The NGX weekly market report showed that a total turnover of 8.205 billion shares worth N49.145bn in 28,622 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 1.302 billion shares valued at N17.813bon that exchanged hands last week in 20,212 deals.

The consumer goods industry (measured by volume) led the activity chart with 6.259 billion shares valued at N29.309bn traded in 5,225 deals; thus contributing 76.28 per cent and 59.64 per cent to the total equity turnover volume and value respectively.

Honeywell Flour Mills Plc, FCMB Group Plc, and Transnational Corporation Of Nigeria Plc (measured by volume) accounted for 6.924 billion shares worth N27.951bn in 2,237 deals, contributing 84.39 per cent and 56.87 per cent to the total equity turnover volume and value respectively.

Twenty-six equities depreciated, lower than 29 equities in the previous week, while 74 equities remained unchanged lower than 77 equities recorded in the previous week..

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