IN DETAIL: NGX investors reduce trade by 13% | Stock market valuation rises to N95trn

Stock market traders exchanged 4.37 billion shares valued at N97.78 billion in 110,736 deals between Monday and Friday, according to data from the Nigerian Exchange (NGX) Limited.

In its weekly market report for December 8 to December 12, the NGX said the figure represents a decrease of 13.6 percent compared to the N113.22 billion expended in 109,590 deals for 6.61 billion shares the previous week.

The NGX data also said the market capitalisation appreciated to N95.26 trillion this week, from N93 trillion reported the previous week.

According to the bourse, the rise followed a 1.63 percent increase in the all-share index (ASI), which rose from 147,040.08 to 149,433.26.

TOP PERFORMING SECTORS

The stock market report showed that the top three performing sectors for the week were the financial services industry, the ICT industry, and the oil and gas industry.

According to the data, the financial services industry (measured by volume) led the activity chart with 2.25 billion shares valued at N47.2 billion traded in 44,808 deals.

The sector contributed 51.49 percent and 48.27 percent to the total equity turnover volume and value, respectively.

Also, the ICT industry followed with 1.11 billion shares worth N13.14 billion traded in 10,413 deals.

Third was the oil and gas industry, with a turnover of 233.89 million shares worth N4.72 billion in 7,515 deals.

TOP THREE EQUITIES

NGX also said the top three equities were E-Tranzact International Plc, Access Holdings Plc, and FCMB Group Plc.

The three firms accounted for 1.92 billion shares valued at N22.21 billion in 9,558 deals.

The exchange added that the companies contributed 43.93 percent and 22.72 percent to the total equity turnover volume and value, respectively.

TOP GAINERS OF THE WEEK

According to the bourse, Morison Industries Plc’s share appreciated by 33.49 percent, from N3.54 kobo per share to N4.69 kobo.

Also, the share price of Mecure Industries Plc increased by N8.15 kobo, from N29.8 kobo to N37.95 kobo.

Japaul Gold and Ventures Plc’s share appreciated by N0.56 kobo per share, closing the week at N2.66 kobo from N2.1 kobo.

Sovereign Trust Plc’s share gained 17.24 percent, appreciating from N2.9 kobo to close the week at N3.4 kobo.

Similarly, PZ Cussons Nigeria Plc closed the week at N47 per share, up from N40.45 kobo per share, indicating a gain of N6.55 kobo.

TOP LOSERS OF THE WEEK

Eterna Plc’s share depreciated by N5.3 kobo, from N35.5 kobo to N30.2 kobo.

UACN Plc lost N13.8 kobo in its share price, which closed at N83 kobo per share, against an opening price of N96.8 kobo.

The share price of E-Tranzact also declined to N83, losing N13.8 kobo from the N96.8 kobo per share it started the week with.

In addition, the bourse said Transcorp Hotels Plc’s share price declined from N172.8 kobo to N155.6 kobo per share, losing N17.2 kobo.

Also, Chellarams Plc reported a loss of 9.9 percent after its share value fell to N13.2 kobo from N14.65 kobo.