Investors in the stock market traded a total of 4.77 billion shares in 152,965 deals in five days.
The trade is valued at N107.43 billion, according to the weekly market report of the Nigerian Exchange (NGX), analysed by TheCable Index.
The market turnover is 7.49 percent higher compared to last week’s N99.94 billion, recorded from 8.56 billion shares traded in 177,870 deals.
However, NGX said the all-share index (ASI) and market capitalisation depreciated by 2.51 percent to close the week at 141,004.14 and N89.209 trillion, respectively.
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TOP PERFORMING SECTORS
According to the trading data, the financial services industry led the activity chart with 3.73 billion shares valued at N60.63 billion traded in 72,977 deals.
This, the NGX said, accounted for 78.24 percent and 56.44 percent of the total equity turnover volume and value, respectively
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“The consumer goods industry followed with 370.404 million shares worth N14.025 billion in 17,997 deals,” the bourse said.
“Third place was the services industry, with a turnover of 176.285 million shares worth N1.279 billion in 8,790 deals.”
TOP THREE EQUITIES
According to the NGX report, the top three trading equities in the period reviewed are Universal Insurance Plc, Zenith Bank Plc, and FCMB Group Plc.
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Measured by volume, the top equities accounted for 1.20 billion shares worth N29.43 billion in 10,537 deals.
The companies were said to have contributed 25.16 percent and 27.4 percent to the total equity turnover volume and value, respectively.
TOP GAINERS OF THE WEEK
Austin Laz & Company Plc was the week’s top gainer, according to the data. The share price of the manufacturing conglomerate appreciated by 20.83 percent to close at N2.9 per share, up from the N2.4 kobo it opened with.
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It was followed by NCR Nigeria Plc, with a share price rising by 20.69 percent to N10.5 kobo as against the N8.7 kobo it started with.
Nigerian Enamelware Plc saw its stock gain 19.45 percent to close at N39 — up from its opening price of N32.65 kobo.
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Guinea Insurance Plc’s share value rose to N1.77 kobo from N1.49 kobo, appreciating by 18.79 percent.
Also, Mutual Benefits Assurance Plc increased by 14.29 percent to N4.40, rising from N3.85 kobo it opened with.
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TOP FIVE DECLINERS OF THE WEEK
Further analysis shows that at the end of trading, Thomas Wyatt Nigeria Plc led the decliners table, shedding 18.92 percent to close at N3 per share, depreciating from N3.7 kobo it opened the week with.
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The report also said NEM Insurance Plc’s share price fell by 18.15 percent to N26.6 from N32.5 kobo per share.
Stanbic IBTC’s share price dropped by N17.1 kobo to N94 kobo, down from the N111.1 per share at which it started trading.
Similarly, Lasaco Assurance’s share price fell from N4.05 kobo to N3.46 per share, losing N0.59 in five days.
The NGX said R.T. Briscoe Plc lost 13.92 percent to close at N3.4 kobo – down from N3.95 kobo.
