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NGX market capitalisation closes N20.02tn as index depreciates 0.69%

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

The NSE All-Share Index and Market Capitalisation depreciated by 0.69% to close the week ended March 19, 2021 at 38,382.39 and N20.082trillion respectively.

However, all other indices finished higher with the exception of NSE Main board, NSE 30, NSE Insurance, NSE Consumer Goods, NSE Lotus II, NSE Industrial and NSE Growth Indices, which declined by1.68%,0.99%, 0.01%, 1.46%, 1.51%, 2.62%and 0.25%while the NSE Sovereign Bond Index closed flat.

A total turnover of 2.342billion shares worth N19.272billion in 20,173 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.675billionshares valued at N23.541 billion that exchanged hands last week in 21,732deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.888 billion shares valued at N12.446billion traded in 12,019deals; thus contributing 80.60% and 64.58%to the total equity turnover volume and value respectively.

The Natural Resources Industry followed with 201.260million shares worth N41.295million in 27deals. The third place was Conglomerates Goods Industry, with a turnover of 62.053million shares worth N65.672million in 612 deals.

Trading in the top three equities, namely Unity Bank Plc, Guaranty Trust Bank Plc and Multiverse Mining and Exploration Plc (measured by volume) accounted for 1.471billion shares worth N7.114billion in2, 317deals, contributing 62.82% and 36.91% to the total equity turnover volume and value respectively.

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