Stock market investors traded 3.6 billion shares worth N112.2 billion in 138,250 transactions, according to the Nigerian Exchange (NGX) Limited.
Recorded over a five-day trading period, the transaction value dropped by 77.59 percent, compared to the 17.49 billion shares (worth N500.7 billion) exchanged in 142,082 deals last week.
According to the NGX’s weekly market report, the all-share index — which measures the performance of all stocks listed on the local bourse — appreciated by 2.18 percent to close the week at 134,452.93, while the market capitalisation increased to N 85.055 trillion.
TOP PERFORMING SECTORS
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The stock market report showed that the top three performing sectors for the week were the financial services, the agriculture sector, and the oil and gas industries.
The financial services sector led market activity with 2.127 billion shares, valued at N47.29 billion and traded in 57,121 deals.
According to the bourse, the sector accounted for 57.62 percent and 42.13 percent of the total equity turnover volume and value, respectively.
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The agriculture industry followed with 273.69 million shares worth N12.87 billion in 11,284 deals.
The exchange listed the oil and gas industry in the third place, with a turnover of 255.14 million, amounting to N11.808 billion and traded in 10,706 deals.
TOP THREE EQUITIES
The NGX said the top three equities were Access Holdings, United Bank for Africa (UBA), and Japaul Gold and Venture Plc.
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Measured by volume, the bourse said the three equities accounted for 745.39 million shares (N19.457 billion) recorded in 15,720 deals.
The three equities contributed 20.19 percent and 17.33 percent to the total equity turnover volume and value, respectively.
TOP GAINERS OF THE WEEK
According to the report, 60 equities gained in the week under review, down from 49 in the previous week.
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However, the NGX said the top five gainers were the Initiative Plc, whose share gained N6.10, ending the week with N16.13 kobo per share — higher than the N10.03 kobo it started with.
The share price of Academy Press rose to N9.31 kobo from N7 — up by N2.31 kobo.
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Also, the Nigerian Enamelware saw its stock price rise by N6.65 kobo to end the week with N27.3 kobo — up from its opening price of N20.35 kobo.
The NGX report said Wema Bank’s share price grew to N19.9 kobo per share, an increase of N3.8 kobo from N16.1 kobo.
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Presco Plc’s share price was said to have closed the week at N1,550 per share from N1,265 –appreciating by N285.
TOP LOSERS OF THE WEEK
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At the end of the trading week, the share price of Secure Electronic Technology lost N0.29 kobo, dropping to N0.92 kobo from the N1.21 it opened with.
The report said Omatek Ventures closed at N1.24 kobo per share, against the opening price of N1.63 kobo.
Meyer Plc recorded a decrease in its share price, which fell to N16.50 kobo from the N21 per share it started the week with.
The NGX said Neimeth International Pharmaceuticals Holdings Plc’s share price fell from N8.05 kobo to N6.50 kobo per share.
In addition, Associated Bus Company reported a loss of N1.06, after the value of its share price dropped to N4.59 kobo per share from N5.65 kobo.
