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IN DETAIL: NGX lists energy, financial services as top performing sectors | Turnover drops to N107bn

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Stock market investors traded 5.39 billion shares, valued at N107.81 billion in 134,390 deals between Monday and Friday.

According to the Nigerian Exchange Limited (NGX) weekly market report, the transaction value is 0.25 percent lower, compared to the N108.09 billion exchanged for 5.4 billion shares in 118,570 deals the previous week.

TOP PERFORMING SECTORS

The top three performing sectors for the week are the financial services, the oil and gas, and the services industries.

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According to the data, the financial services industry led the activity chart, as investors exchanged 3.019 billion shares valued at N56.24 billion in 55,574 deals.

The sector contributed 56 percent and 52.17 percent to the total equity turnover volume and value, respectively.

The oil and gas industry followed with 565.64 million shares traded in 9,914 deals, valued at N8.11 billion.

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In the services industry, 466.15 million shares, worth N2.59 billion, were traded by investors in 10,832 deals.

TOP THREE EQUITIES

The NGX report also said the top three equities were Access Holdings Plc, Japaul Gold & Ventures Plc., and AlICO Insurance Plc.

Measured by volume, the report said the three equities contributed 25.9 percent and 14.69 percent to the total equity turnover volume and value, respectively.

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The three equities also accounted for 1.39 billion shares, worth N15.83 billion in 12,828 deals.

TOP GAINERS OF THE WEEK

Analysis of the data showed that FTN Cocoa Processors Plc’s share appreciated by N2.83 kobo, ending the week at N7.5 kobo per share, compared to the opening price of N4.67 kobo.

The share price of Red Star Express Plc increased by N5.07 kobo, and closed the week at N13.44 kobo per share, compared to the opening price of N8.37 kobo.

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In contrast to its opening price of N0.91 kobo, Omatek Ventures Plc’s share gained N0.55 kobo to close the week at N1.46 kobo.

C&I Leasing Plc’s share price rose by N3.3 kobo per share, closing at N8.77 kobo per share, compared to the opening price of N5.47 kobo.

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Similarly, Meyer Plc saw an increase of N8.8 kobo in its share price, ending the week at N23.45 kobo per share — up from N14.65.

TOP LOSERS OF THE WEEK

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At the end of the trading week, the share price of Legend Internet Plc lost N1.0 kobo, dropping to N7.0 kobo from the N8.0 kobo it opened with.

The report said International Energy Insurance Plc closed at N2.21 kobo per share, against the opening price of N2.37 kobo, indicating a decrease of N0.16 kobo.

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Oando’s share price decreased to N51.7 kobo from the N55.05 kobo per share it started the week with, losing N3.35 kobo in its share price.

Also, Prestige Assurance Plc’s share price fell from N1.32 kobo to N1.25 per share, shedding N0.07 kobo.

In addition, E-Tranzact International Plc reported a loss of N0.45 kobo, after the value of its share dropped to N8.7 per share, from N9.15 kobo in five days.

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