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The Nigerian Exchange Limited (NGX) industrial goods index has emerged as the best-performing sector this year so far, returning a year-to-date (YTD) gain of 96.43% to investors
The Nigerian Exchange Limited (NGX) industrial goods index has emerged as the best-performing sector this year so far, returning a year-to-date (YTD) gain of 96.43% to investors.
Also, at the close of transactions last week, the sector led five other indices with 23.2%, buoyed by sustained interest in Dangote Cement (+28.8%) and BUA Cement (+21%). The oil and gas indices followed with (+11.6%). The consumer goods indices also advanced by (+5.3%). However, the insurance and banking index declined by (4.1% and -1.6%).
Also last week, a turnover of 2.9 billion shares worth N57.9 billion was recorded in 67,962 deals by investors on the floor of the exchange, in contrast to a total of 5.179 billion units valued at N77.8 billion that exchanged hands in 79,012 deals during the preceding week.
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The financial services industry (measured by volume) led the activity chart with 1.9 billion shares valued at N26.8 billion traded in 29,276 deals, contributing 62.5% to the total equity turnover volume.
