IN DETAIL: Investors traded N77bn shares in five days — up by 2%

Stock market investors traded 2.64 billion shares valued at N77 billion in 86,110 deals between May 5 and May 9.

The stock market weekly report showed that investors marginally increased the value of shares traded by 2.11 percent compared to the previous week, when 2.2 billion shares, valued at N75.4 billion, were traded in 70,329 deals.

TOP PERFORMING SECTORS

The top three performing sectors for the week are the financial services industry, the services industry, and the consumer goods industry.

According to the data, the financial services industry led the chart, as investors exchanged 1.63 billion shares valued at N45.82 billion in 37,843 deals.

The sector contributed 61.9 percent and 59.51 percent to the total equity turnover volume and value, respectively.

Also, the services industry followed with 364.65 million shares, traded in 7,760 deals, worth N2.9 billion.

In third place was the consumer goods industry, with a turnover of 190.22 million shares worth N6.77 billion in 10,595 deals.

TOP THREE EQUITIES

The data showed that Guaranty Trust Holding Company Plc, Access Holdings Plc and Tantalizer Plc are the top three equities within the reviewed period.

Measured by volume, they accounted for 839.68 million shares worth N27.73 billion in 8,898 deals, contributing 31.74 percent and 36.02 percent to the total equity turnover volume and value, respectively.

TOP FIVE GAINERS OF THE WEEK

Analysis of the data showed that Multiverse Mining and Exploration Plc’s share appreciated by N3.65 kobo, according to the bourse, and ended the week at N10 per share, compared to the opening price of N6.35 kobo.

Also, the share price of Academy Press Plc increased by N1.45 kobo from N2.87 kobo to N4.32 kobo.

In contrast to its opening price of N109.8 kobo, Beta Glass Plc’s share gained N50.85 kobo to close the week at N160.65 kobo.

The Initiates Plc’s share appreciated by 34.95 percent to N6.68 per share – up from N4.95 kobo.

Similarly, International Energy Insurance Plc closed the week at N1.82 kobo per share, up from N1.38 kobo per share — representing a gain of N0.44 kobo.

TOP FIVE DECLINERS OF THE WEEK

Further analysis shows that at the end of trading, Abbey Mortgage Bank Plc’s share depreciated by N1.3 kobo, to drop to N7 — from N8.30 kobo.

Meyer Plc lost N1.25 kobo in its share price, which closed at N8 per share, against the opening price of N9.25 kobo.

The report also said Veritas Kapital Assurance Plc share price decreased to N0.99 kobo, after losing N0.12 kobo from the N1.11 kobo per share it started the week with.

In addition, VFD Group Plc’s price declined from N17.9 kobo to N16 kobo per share, losing N1.90 kobo.

Transcorp Power Plc also reported a loss of 9.98 percent, after the value of its share dropped to N328.5 kobo per share, from N364.9 kobo per share in five days.