IN DETAIL: N74.8bn shares traded on Nigerian bourse in five days — up by 17%

Stock market traders exchanged N74.81 billion in 105,220 deals to trade 3.93 billion shares between May 19 and May 23.

According to the Nigerian Exchange Limited (NGX) stock market weekly report, the figures are higher compared to trade from the previous week.

In the past week, investors traded 2.6 billion shares valued at N63.78 billion in 77,593 deals, showing that trade strengthened by 17.29 percent within the period.

TOP THREE 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 2.40 billion shares valued at N32.27 billion in 44,570 deals.

The sector contributed 61.16 percent and 43.14 percent to the total equity turnover volume and value respectively.

In the services industry, 442.99 million shares worth N4.2 billion were traded by investors in 7,523 deals.

Third place was the consumer goods industry, with a turnover of 283.15 million shares worth N12.67 billion in 15,675 deals.

TOP THREE EQUITIES

The data showed that Royal Exchange Plc, Fidelity Bank Plc and Tantalizer Plc were the top three equities within the reviewed period.

Measured by volume, they accounted for 1.61 billion shares worth N8.89 billion in 8,079 deals out of the total shares traded on the bourse.

Consequently, the companies contributed 40.95 percent and 11.89 percent to the total equity turnover volume and value respectively.

TOP FIVE GAINERS OF THE WEEK

Analysis of the data showed that Cutix Plc’s share appreciated by N0.57 kobo, according to the bourse, and ended the week at N3.17 kobo per share, compared to the opening price of N2.6 kobo.

The share price of Custodian Investment Plc increased by N3.85 kobo from N17.95 kobo to N28.1.

In contrast to its opening price of N5.55 kobo, Red Star Express Plc’s share gained N1.16 kobo to close the week at N6.71 kobo.

John Holt Plc’s share appreciated by 20.63 percent to N7.6 kobo per share – up from N6.3 kobo.

Similarly, Eunisell Interlinked Plc closed the week at N12.95 kobo per share, up from N10.75 kobo per share — representing a gain of N2.2 kobo.

TOP FIVE LOSERS OF THE WEEK

At the end of trading, Neimeth International Pharmaceutical’s share, according to the report, depreciated by N0.63 kobo to drop to N3.07 kobo — from N3.7 kobo.

Associated Bus Company Plc lost N0.46 kobo in its share price, which closed at N2.49 kobo per share, against the opening price of N2.95 kobo per share.

Transcorp Hotels Plc’s share price decreased to N138.5 kobo, after losing N24.5 kobo from the N163.5 kobo per share it started the week with.

NPF Microfinance Bank Plc’s share price declined from N2.58 kobo to N2.25 kobo per share, losing N0.33 kobo.

FTN Cocoa Processors Plc also reported a loss of 11.97 percent, after the value of its share dropped to N2.28 kobo per share, from N2.59 kobo per share in five days.