IN DETAIL: Investors traded N149bn shares on NGX in five days

Equity investors on the Nigerian Exchange Limited (NGX) recorded a total turnover of 4.84 billion shares worth N149.75 billion in 174,267 deals between July 28 and August 1.

The value of shares traded this week on the floor of the exchange rose by 33.4 percent, in contrast to a total of 3.69 billion shares valued at N112.26 billion that were exchanged last week in 138,250 deals.

TOP PERFORMING SECTORS

According to the report, the top three performing sectors in the market for the week are the financial services, consumer goods, and services industries.

The NGX said the financial services industry, measured by volume, led the activity chart with 3.314 billion shares valued at N61.08 billion traded in 70,239 deals.

This, the report said, represents 68.37 percent of the total trading volume and 40.79 percent of the total value, highlighting continued investor appetite for bank and financial institution equities.

According to the report, the consumer goods industry followed with 326.455 million shares worth N19.77 billion in 23,764 deals.

Third place was the services industry, with a turnover of 279.737 million shares worth N3.94 billion in 12,794 deals.

TOP THREE EQUITIES

The NGX data showed that the top three equities last week were FCMB Group Plc, Fidelity Bank Plc, and Universal Insurance Plc.

Measured by volume, the three companies accounted for 1.245 billion shares worth N15.82 billion in 9,250 deals, contributing 25.69 percent and 10.57 percent to the total equity turnover volume and value, respectively.

TOP FIVE GAINERS OF THE WEEK

UAC Nigeria Plc’s share appreciated by N33.35 kobo and ended the week at N88.3 kobo per share, compared to the opening price of N54.95 kobo.

The share price of Mecure Industries Plc increased by N4.65 kobo from N11.2 kobo to N15.85 kobo.

Custodian Investment Plc’s share gained N8.5 kobo to close the week at N39, up from N30.5.

The bourse said the Veritas Kapital Assurance Plc closed the week at N1.39 kobo per share, up from N1.13 kobo per share, representing a gain of N0.26 kobo.

Also, the share price of Tripple Gee and Company Plc appreciated by 0.79 percent to N4.3 kobo per share — up from N3.51 kobo.

TOP FIVE DECLINERS OF THE WEEK

Abbey Mortgage Bank Plc’s share depreciated by N2.73 kobo, dropping to N5.27 kobo from N8.

FTN Cocoa Processors Plc’s share price lost N1.47 kobo, closing at N5.77 kobo per share, down from the opening price of N7.24 kobo.

Cornerstone Insurance Plc’s share price decreased to N4.15 kobo from N4.94 kobo after losing N0.79 kobo.

In addition, the report said the share price of the Nigerian Aviation Handling Company Ltd declined from N117 to N99.3 kobo per share, losing N17.7 kobo.

The NGX said Initiates Plc also recorded a loss of 2.38 percent after the value of its shares dropped to N13.75 kobo per share from N16.13 per share in five days.