August Report- Week 4 Market Report For The Week Ended 23rd August 2024
by Francis Idowu
2 days ago
Bond
A bond is a fixed-income investment that represents a loan made by an investor to a borrower, usually corporate or government. A total of 101,335 units valued at N88.825 million were traded this week in 36 deals, compared with 36,534 units at N36.434 million transacted last week in 29 deals.
Equity
Equity is the value of the shares issued by a company. A total turnover of 5.641 billion shares worth N33.052 billion in 42,006 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.033 billion shares valued at N42.155 billion that exchanged hands last week in 45,157 deals. The Financial Services Industry (measured by volume) led the activity chart with 4.977 billion shares valued at N17.877 billion traded in 19,064 deals; thus contributing 88.22% and 54.09% to the total equity turnover volume and value respectively. The Oil and Gas Industry followed with 179.469 million shares worth N8.954 billion in 5,780 deals. The third place was the service Industry, with a turnover of 123.505 million shares worth N525.417 million in 2,436 deals. Trading in the top three equities namely Standard Insurance Plc, Jaiz Bank Plc, and Guaranty Trust Holdings Company Plc (measured by volume) accounted for 3.951 billion shares worth N7,947 billion in 1,839 deals, contributing 70.04% and 24.04% to the total equity turnover volume and value respectively..
Equity Turnover
ETP (EXCHANGE TRADED PRODUCT)
A total of 98,004 units valued at N62.225 million were traded this week in 207 deals compared with 149,795 units valued at N7.995 million transacted last week in 139 deals.
SUMMARY
Forty-three (43) equities appreciated during the week, compared to thirty-nine (39) equities in the previous week, while thirty-four (34) equities depreciated lower compared to forty-six (46) in the previous week. Seventy-four (74) equities remained unchanged, compared to sixty-six (66) recorded in the previous week.
Below is the list of the top ten gainers and losers:
top ten gainers
top ten losers