Advertisement
Advertisement

IN DETAIL: NGX trades surge 126% to N115bn in five days

IN DETAIL: NGX trades surge 126% to N115bn in five days IN DETAIL: NGX trades surge 126% to N115bn in five days

The Nigerian Exchange Limited (NGX) says stock market traders exchanged N115.4 billion in 99,960 deals to trade 3.56 billion shares between Monday and Friday.

The transaction value rose by 126.2 percent, relative to the N51.01 billion exchanged for 2.05 billion shares in 65,016 deals the previous week.

TOP PERFORMING SECTORS

The top three performing sectors for the week are the financial services industry, the consumer goods industry and the services industry.

Advertisement

According to the data, the financial services industry led the activity chart, as investors exchanged 2.16 billion shares valued at N62.04 billion in 45,851 deals.

The sector contributed 60.73 percent and 53.76 percent to the total equity turnover volume and value, respectively.

The consumer goods industry followed with 580.89 million shares traded in 10,909 deals, valued at N10.89 billion.

Advertisement

In the services industry, 193.3 million shares, worth N2.44 billion, were traded by investors in 6,306 deals.

TOP THREE EQUITIES

The NGX also said the top three equities were Zenith Bank Plc, Champion Breweries. Plc and Access Holdings Plc.

Measured by volume, the bourse said the three equities contributed 28.14 percent of total volume and 22.6 percent of total value.

Advertisement

The three equities accounted for 1 billion shares, worth N26.07 billion in 14,232 deals.

TOP GAINERS OF THE WEEK

Analysis of the data showed that Ellah Lakes Plc’s share appreciated by N1, according to the bourse, and ended the week at N5.33 kobo per share, compared to the opening price of N4.33 kobo.

The share price of Beta Glass Plc increased by N44.9 kobo from N231.1 kobo to N276.

Advertisement

In contrast to its opening price of N5.72 kobo, Livingtrust Mortgage Bank Plc’s share gained N1.08 kobo to close the week at N6.8 kobo.

Guaranty Trust Holding Company share appreciated by 18.81 percent to N84.95 kobo per share – up from N71.5 kobo.

Advertisement

Similarly, Meyer Plc closed the week at N9.6 kobo per share, up from N1.15 kobo per share — representing a gain of N8.45 kobo.

TOP LOSERS OF THE WEEK

Advertisement

At the end of the trading week, the share price of the Northern Nigeria Flour Mill (NNFM) lost N19.35 kobo, dropping to N93.2 kobo from the N112.55 kobo it opened with.

The report said Sunu Assurances Nigeria Plc closed at N4.56 kobo per share, against the opening price of N5.23 kobo, indicating a decrease of N0.67 kobo.

Advertisement

Oando Plc’s share price decreased to N61 from the N69 per share it started the week with, losing N8 in its share price.

Also, International Energy Insurance Plc’s share price fell from N1.78 kobo to N1.61 kobo per share, shedding off N0.17 kobo.

In addition, Omatek Ventures Plc reported a loss of 7.49 percent, after the value of its share tumbled to N0.73 kobo per share, from N0.79 in five days.

error: Content is protected from copying.