Stocks This Week: Consumer goods shares are new investors’ toast

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The all-share index and market capitalisation climbed by 1.47 and 1.49 per cent in that order.

Trade volume of 1.021 billion shares estimated at N14.145 billion was recorded in 17,565 deals, relative to the 1.006 billion shares worth N10.330 billion that were traded in 17,165 deals last week.

The financial services industry led the activity chart, with 721.728 million shares valued at N5.995 billion and traded in 8,709 deals. It added 70.70 per cent and 42.38 per cent to the total equity volume and value respectively. The consumer goods sector came next, trading 99.083 million shares estimated at N2.395 billion in 3,703 deals. The ICT industry was third, trading 72.718 million shares priced at N3.407 million in 643 deals.

All indices improved save for the NGX Oil/Gas and NGX Growth indices which fell by 1.05% and 0.17% respectively. The NGX ASeM, NGX-AFR Bank Value Index, and NGX Sovereign Bond Indices did not change.

 

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