IN DETAIL: NGX trade value increased by 10% to N99bn in five days

Stock market investors traded 3.18 billion shares valued at N99.68 billion in 132,711 deals this week.

According to the stock market weekly report of the Nigerian Exchange Limited (NGX), the trade value increased by 10.39 percent, compared to the previous week when investors traded 3.11 billion shares valued at N90.29 billion in 118,018 deals.

FINANCIAL SERVICES TOP PERFORMANCE

NGX said the financial services industry topped the table by volume of shares traded, as investors exchanged 2.28 billion shares valued at N38.81 billion in 57,934 deals.

According to the bourse, the sector accounted for 71.59 percent and 38.94 percent of the total equity turnover volume and value, respectively.

The consumer goods industry followed with 198.39 million shares, traded in 17,508 deals, worth N12.83 billion.

Third place was the oil and gas industry, with a turnover of 186.74 million shares in 8,811 deals, worth N35.17 billion.

TOP THREE EQUITIES

The NGX said the top three equities were FCMB Group Plc, Access Holdings Plc, and Universal Insurance Plc.

Measured by volume, the bourse said the three companies accounted for 1.24 billion shares worth N14.27 billion recorded in 10,359 deals.

The three equities contributed 39.17 percent and 14.32 percent to the total equity turnover volume and value, respectively.

TOP GAINERS OF THE WEEK

According to the report, the top five gainers were E-Tranzact International Plc, whose share gained N4.65 kobo, ending the week at N14.95 per share — higher than the N10.3 kobo it started with.

The share price of Regency Assurance Plc also rose to N1.66 kobo from N1.3 kobo — up by N0.36 kobo.

Also, Chellarams Plc saw its stock price rise by N2.8 kobo to end the week with N13.3 kobo — up from its opening price of N10.5 kobo.

The NGX report added that DAAR Communications Plc’s share price grew to N1.06 per share, an increase of N0.2 kobo from N0.86 kobo.

Royal Exchange Plc’s share price completed the list after closing the week at N2.3 kobo per share from N1.88 kobo — appreciating by N0.42 kobo.

TOP LOSERS OF THE WEEK

At the end of the trading week, the share price of Union Dicon Salt Plc lost N2.2 kobo, dropping to N9.8 kobo from the N12 it opened with.

The report also said Thomas Wyatt Nig Plc closed down at N2.51 per share, against the opening price of N3, losing N0.49 kobo.

Secure Electronic Technology Plc recorded a 10.42 percent decrease in its share price, which fell to N0.86 kobo, from the N0.96 kobo per share it started the week with.

Furthermore, Nigerian Enamelware Plc’s share price fell from N39 to N35.1 kobo per share, losing 10 percent.

In addition, May and Baker Nigeria Plc reported a loss of N1.8 kobo, after the value of its share price dropped to N16.25 kobo per share from N18.05.