IN DETAIL: Investors traded N99.93bn shares on NGX in five days — down by 25%

Stock market investors traded 8.56 billion shares valued at N99.93 billion in 177,870 deals between August 11 and April 15.

The stock market weekly report of the Nigerian Exchange Limited (NGX) showed that the figures are lower compared to the previous week when investors traded 8.73 billion shares valued at N134.57 billion in 180,290 deals.

The report reveals a 25.7 percent trade decline within a five-day period.

TOP PERFORMING SECTORS

The report showed that the financial services industry topped the table by volume of shares traded, as investors exchanged 6.91 billion shares valued at N56.71 billion in 84,589 deals.

“Thus contributing 80.75% and 56.75% to the total equity turnover volume and value respectively,” the NGX said.

“The Oil & Gas Industry followed with 387.647 million shares worth N8.502 billion in 11,249 deals.

“Third place was the Agriculture Industry, with a turnover of 315.540 million shares worth N6.019 billion in 11,747 deals.”

TOP THREE EQUITIES

According to the NGX report, the top three trading equities in the period reviewed are Universal Insurance Plc, Linkage Assurance Plc and AIICO Insurance Plc.

Measured by volume, the bourse said the three equities accounted for 2.78 billion shares worth N6.62 billion in 11,067 deals — contributing 32.54 percent and 6.63 percent to the total equity turnover volume and value, respectively.

TOP FIVE GAINERS OF THE WEEK

NGX reported Mutual Benefits Assurance Plc stock gained N0.93 kobo, ending the week with N3.85 kobo per share, higher than the N2.92 kobo it started with.

The share price of Tripple Gee and Company Plc rose to N5.6 kobo per share from N4.3 kobo — gaining N1.6 kobo.

Sunu Assurances Nigeria Plc saw its stock price rise by N1.19 kobo to end the week with N6.18 kobo — up from its opening price of N5.

Mecure Industries Plc share value grew to N19.1 kobo per share, recording an increase of N3.25 kobo from N15.85 kobo.

Also, the shares of Deap Capital Management & Trust Plc closed the week at N1.61 kobo per share from N1.35 kobo, appreciating by N0.26 kobo.

TOP FIVE DECLINERS OF THE WEEK

UPDC Plc lost N1.4 kobo to settle at N6.5 kobo, which is below the N7.9 kobo it opened the week with.

Also, Livingtrust Mortgage Bank Plc lost N0.8 kobo to close at N4.2 kobo per share, against the opening price of N5.

In addition, the share price of Berger Paints Plc dropped by 14.67 percent to N32, recording a loss of N5.5 kobo from the N37.5 kobo per share it started trading with.

Similarly, VFD Group Plc’s share price fell from N13.4 kobo to N11.9 kobo per share, losing N1.5 kobo.

The report also said Unilever Nigeria Plc recorded a loss of 10.29 percent as its share price dropped to N71.5 kobo per share from N79.7 kobo.