Equity investors traded 756.769 million shares valued at N13.653 billion in 18,248 deals during the fourth week that ended January 27,2023. In the previous week, investors traded 1.241 billion shares worth N15.668 billion executed in 18,560 deals implying that in terms of volume, value and deals, the third week of January witnessed more market transactions that the fourth week of this month.

The financial services industry received the highest patronage measured by volume as investors traded 454.718 million shares worth N8.813 billion done in 8,214 deals, indicating that 60.09% of the equites traded on the floor of the Nigerian Exchange Group(NGX) happened in the financial services sector.

The second most patronized was the ICT industry where investors traded 61.735 million shares worth N1.647 billion executed in 1,600 deals. The conglomerates industry was third accounting for 56.842 million shares valued at N119.14 million traded in 622 deals.

It followed that the shares of FBN Holdings, Guaranty Trust Holdings Company and Fidelity Bank were the most traded stocks with a cumulative volume of 166.522 million shares worth N2.32 billon in 2,530 deals representing 21.87% and 16.99% of the market volume and value respectively.

in terms of returns, the NGX’s All Share Index(ASI) gained 0.12% last week which took the year to date return of ASI to 2.74% as of January 27, 2023. Most of the sub sectoral indices closed in the positive territory year to date. The highest returns year to date were recorded by the NGX MERI Value Index, 7.44%; NGX Banking Index, 6.83%; NGX Growth Index, 6.82%; NGX MERI Growth Index, 5.33%, NGX AFR Bank Value Index, 4.97%, and NGX Pension Index, 4.09%, among others.

NGX ASeM Index remained at zero percent, while the NGX Sovereign Index returned -2.39%.

Investors traded a total of 3,892 units of Exchange Traded Product (ETP) last week worth N785,073.87 in 38 deals. The ETP market activity of last week was lower than the 2,063 units that were traded in the previous week valued at N1.505 million in 59 deals.

The most traded ETP was the StanbicETC30 as investors exchanged 3,808 units worth N596,418.51 in 26 deals.

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Investors also traded 29,711 units of bonds worth N29.901 million in 27 deals last week as against 21,845 units traded in the previous week valued at N21.565 million in 14 deals.

New bond listings

The Nigerian Exchange Group (NGX) listed the Family Homes Sukuk Issuance Programme of N20 billion at 14% series II Ijara Lease Sukuk due 2029 under the N30bn Sukuk Issuance programme. While the programme size is N30bn, it was N20 billion that was listed for a tenor of seven years 100% of the par value of N1000. The sukuk was put on offer on the 19 September 2022.

STL Trustees Limited, EAC Trustees Limited, Apel and Capital Trust Limited, and United Capital Trustees Limited acted as joint trustees while APT Securities and Funds Limited, and Norrenberger Securities Limited were the stockbrokers to the offer.

In addition, fourteen other FGN Savings Bonds were listed last week by the NGX.  These are the 8.205% FGNSB June 2024, 9.205% FGNSB June 2025, 8.075% FGNSB Jul 2024; 9.075% FGNSB Jul 2025; 9.413% FGNSB Aug 2024, 10.413% FGNSB Aug 2025, 11.041% FGNSB Sep 2024, and  12.041% FGNSB Sep 2025.

Others are the 11.382% FGNSB Oct 2024; 12.382% FGNSB Oct 2024; 12.255% FGNSB Dec 2024; 13.255% FGNSB Dec 2025, 9.600% FGNSB Jan 2025, and 10.600% FGNSB Jan 2026.