IN DETAIL: Investors trade N113bn shares | Market cap now N93trn

A total of 6.61 billion shares valued at N113.22 billion were traded in 109,590 deals on the stock market between December 1 and December 5, according to data from the Nigerian Exchange Limited (NGX).

The NGX weekly market report showed that the transaction value was lower compared to the previous week, when investors traded 4.14 billion shares valued at N115.88 billion in 102,351 deals.

The figure indicates a 2.29 percent turnover decrease within the five-day period.

The NGX reported that the market capitalisation appreciated to N93.72 trillion in the week under review, from the N91.28 trillion recorded the previous week.

According to the bourse, the increase followed a 2.45 percent growth in the all-share index (ASI), which rose from 143,520.53 ASI to 147,040.08 ASI.

TOP PERFORMING SECTORS

The stock market report showed that the top three performing sectors for the week were the ICT industry, the financial services industry, and the services industry.

According to the data, the ICT industry (measured by volume) led the activity chart with 3.5 billion shares valued at N17.75 billion traded in 11,184 deals.

The exchange said the sector contributed 52.89 percent and 15.68 percent to the total equity turnover volume and value, respectively.

Also, the financial services industry followed with 2.62 million shares, worth N50.18 billion, traded in 42,574 deals.

Third place was the services industry, with a turnover of 104.52 million shares, valued at N1.16 billion, in 7,255 deals.

TOP THREE EQUITIES

The NGX also said the top three equities were E-Tranzact International Plc, Cornerstone Insurance Plc, and Access Holdings Plc.

The three firms were said to have accounted for 4.87 billion shares worth N27.42 billion in 6,438 deals.

The exchange added that the companies contributed 73.60 percent and 24.22 percent to the total equity turnover volume and value, respectively.

TOP GAINERS OF THE WEEK

According to the bourse, NCR (Nigeria) Plc’s share appreciated by N18.05 kobo, from N54.65 kobo per share to N72.70 kobo.

Also, the share price of UACN Plc increased by N17.90 kobo from N78.90 kobo to N96.80 kobo.

Guinness Nigeria Plc followed, rising to N198 per share from N167 — an increase of N31.

Also, Dangote Cement Plc’s share gained 80.30 percent, after appreciating from N534.60 to close the week at N614.90 kobo.

Similarly, Nigerian Breweries Plc closed the week at N75 per share price, up from N66.75 kobo per share, indicating a gain of N8.25 kobo.

TOP DECLINERS OF THE WEEK

At the end of the trading week, RT Briscoe Plc’s share, according to the report, depreciated by N0.44 kobo, from N3.44 kobo to N3.

Legend Internet Plc lost N0.60 kobo in its share price, which closed at N5 per share, against the opening price of N5.60 kobo.

The share price of Union Dicon Salt Plc also decreased to N6.30 kobo, after losing N0.70 kobo from the N7 per share it started the week with.

Associated Bus Company Plc lost N0.34 kobo to close the week at N3.10 kobo per share, down from N3.44 kobo.

Also, Cornerstone Insurance Plc reported a loss of N0.50 kobo, after the value of its share fell to N5.50 kobo, from N6.