IN DETAIL: Investors traded N500bn shares in four days

Equity investors on the Nigerian Exchange Limited (NGX) recorded a total turnover of 17.49 billion shares worth N500.76 billion in 142,082 deals between July 14 and July 18.

According to the NGX weekly market report on Saturday, the transaction value of shares surged by 364.48 percent from N107.811 billion traded in the previous week for 5.39 billion shares in 134,390 deals.

The trade parameters increased, according to the report, despite the market operating for only four days in the week, due to the federal government’s declaration of July 15 as a public holiday in honour of the late former president Muhammadu Buhari.

According to the report, the all-share index (ASI) — which measures the performance of all stocks listed on the local bourse — appreciated by 4.31 percent to close the week at 131,585.66 ASI, while the market capitalisation rose to N83.24 trillion.

TOP PERFORMING SECTORS

According to the report, the top three performing sectors for the week are the financial services, information and communications technology (ICT), and the consumer goods industries.

The NGX said the financial services sector continued to lead the activity chart, accounting for 15.77 billion shares, valued at N437.76 billion traded in 66,725 deals.

The bourse said this represents 90.13 percent of the total equity volume and 87.42 percent of the total value traded.

According to the report, the ICT industry followed with 325.13 million shares worth N3.49 billion in 9,028 deals, while the consumer goods industry ranked third with a turnover of 313.42 million shares worth N20.16 billion in 14,917 deals.

TOP THREE EQUITIES

The data also showed that three stocks — First Holdco Plc, FCMB Group Plc and Fidelity Bank Plc — led the market in trade volume during the week.

Together, they accounted for 13.22 billion shares valued at N367.49 billion across 10,083 deals, contributing 75.60 percent of the total equity turnover volume and 73.39 percent of the total value.

TOP FIVE GAINERS OF THE WEEK

Further analysis of the data showed that Eunisell Interlinked Plc share rose by N4.40 kobo and ended the week at N17.90 kobo per share — up from its opening price of N13.50 kobo.

The share price of BUA Cement Plc increased by N29.40 kobo from N94 to N123.40 kobo.

Associated Bus Company’s share gained N1.25 kobo to close the week at N5.65 kobo – from N4.40 kobo.

Also, the share price of the Industrial and Medical Gases Nigeria Plc gained N8.45 kobo to close at N42.45 kobo per share – up from N34.

The bourse said the Secure Electronic Technology Plc closed the week at N1.21 kobo per share, up from N1 per share, representing a gain of N0.21 kobo.

TOP FIVE DECLINERS OF THE WEEK

The NGX said Academy Press Plc’s share depreciated by N2.25 kobo, dropping to N7 from N9.25 kobo.

RT Briscoe Plc’s share price lost N1, closing at N3.40 per share, down from the opening price of N4.40 kobo.

Cutix Plc’s share price decreased to N3.70 kobo from N4.60 kobo after losing N0.90 kobo.

In addition, the report noted that the share price of Caverton Offshore Support Group Plc declined from N8 to N6.46 kobo per share, reflecting a loss of N1.54 kobo.

Also, Champion Breweries Plc recorded a loss of N2.61 kobo after the value of its shares dropped to N12.29 kobo per share from N14.90 per share over the reviewed period.