IN DETAIL: NGX trade turnover fell by 17.1% to N63bn in five days

Stock market investors traded 2.60 billion shares valued at N63.78 billion in 77,593 deals in five days.

The stock market weekly report of the Nigerian Exchange Limited (NGX) showed lower figures than the previous week, when investors traded 2.64 billion shares valued at N77 billion in 86,110 deals.

FINANCIAL SERVICES TOP PERFORMANCE

The report showed that the financial services industry topped the table by volume of shares traded, as investors exchanged 1.54 billion shares valued at N28.96 billion in 32,805 deals.

“Thus contributing 59.08% and 45.41% to the total equity turnover volume and value, respectively,” the NGX report said.

“The services industry followed with 286.833 million shares worth N1.711 billion in 6,280 deals.

“Third place was the consumer goods Industry, with a turnover of 202.565 million shares worth N7.439 billion in 9,708 deals.”

TOP THREE EQUITIES

According to the NGX report, the FCMB Group Plc, Access Holdings Plc, and Tantalizer Plc were the top three trading equities in the period reviewed.

Measured by volume, the bourse said the three equities accounted for 600.68 million shares worth N6.57 billion in 7,201 deals — contributing 23.05 percent and 10.3 percent to the total equity turnover volume and value, respectively.

TOP GAINERS OF THE WEEK

The report said Beta Glass Plc stock gained N74.4 kobo, ending the week with N235.05 per share, higher than the N160.65 kobo it started with.

The document said Champion Breweries Plc’s share price rose to N6.82 kobo per share from N4.8 kobo, gaining N2.02 kobo.

Caverton Offshore Support Group Plc saw its stock price rise from N3.05 kobo to end the week with N4.2 kobo — up by N1.15 kobo.

According to the report, the FTN Cocoa Processor’s share value grew to N2.59 kobo per share, recording an increase of N0.69 kobo from N1.9 kobo.

Also, the shares of N.Nig Flour Mill closed the week at N119.9 kobo per share from N90.5 kobo, appreciating by N29.4 kobo.

TOP FIVE DECLINERS OF THE WEEK

Further analysis showed that Multiverse Mining and Exploration Plc lost N1.95 kobo to settle at N8.05 kobo – down from the N10 it opened the week with.

The report also said Union Dicon Salt lost N1 to close at N7.45 kobo per share, against the opening price of N8.45 kobo.

In addition, the share price of the Nigerian Aviation Handling Company dropped by 9.64 percent to N8, as the company opened at N83 and closed at N75 per share.

According to the report, University Press also booked a loss of N0.43 kobo, with its share price dropping to N4.4 kobo per share, from N4.83 kobo.

The NGX said Legend Internet’s share price fell from N9 to N8.4 per share, losing N0.6 kobo within five days.