Stock market investors traded 3.9 billion shares (worth N102.2 billion) in 114,484 deals, according to a Nigerian Exchange Limited (NGX) report.
The NGX’s weekly stock market report showed that the value of the shares traded was 11.4 percent lower than the N115.403 billion exchanged for 3.5 billion shares in 99,960 deals the previous week.
The all-share index and market capitalisation reportedly appreciated by 1.57 percent and 1.92 percent, to close the week at 119,995.76 and N75.962 trillion respectively.
TOP PERFORMING SECTORS
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The report showed that the financial services industry topped the table by volume of shares traded, as investors exchanged 2.03 billion shares, valued at N41.934 billion, in 42,959 deals.
“Thus contributing 52.02% and 41.02% to the total equity turnover volume and value respectively,” NGX said.
“The Services Industry followed with 396.590 million shares worth N4.596 billion in 8,105 deals. Third place was the agriculture Industry, with a turnover of 385.704 million shares worth N14.469 billion in 10,515 deals.”
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TOP THREE EQUITIES
According to the NGX report, the top three equities in the period reviewed were Fidelity Bank Plc, Access Holdings Plc, and Zenith Bank Plc.
When measured by volume, the top equities accounted for 864.6 million shares — worth N25.955 billion — in 15,136 deals.
The bourse said the companies contributed 22.16 percent and 25.39 percent to the total equity turnover volume and value, respectively.
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TOP GAINERS OF THE WEEK
The data showed that Neimeth International Pharmaceutical’s share price appreciated by N2.2 kobo to close at N5.9 kobo per share, up from N3.7 kobo.
The share price of Ella Lakes Plc increased by N1.67 kobo from N5.33 kobo to N7.
According to the report, Intentional Breweries saw its stock price rise by N2.9 kobo to end the week with N13.9 kobo — up from its opening price of N11.
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The share price of CWG also rose to N11.5 kobo per share, an increase of N2.3 kobo from N9.2.
Champion Breweries Plc’s shares closed the week at N10 per share, up from N8.2 kobo, appreciating by N1.8 kobo.
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TOP FIVE DECLINERS OF THE WEEK
Further analysis shows that at the end of trading, Multiverse Mining and Exploration Plc lost N0.9 kobo to settle at N8.65, depreciating from its opening price of N9.75 kobo.
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The report also said Associated Bus Company lost N0.25 kobo to close at N2.45 kobo per share, against the opening price of N2.7 kobo.
Oando’s share price also dropped by N4.5 kobo to N56.5 kobo, down from the N61 per share at which it started trading.
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Similarly, BUA Foods’ share price fell from N480 to N449 per share, losing N31 in five days.
The NGX said DAAR Communications also recorded a loss of N0.04 kobo as its share price dropped to N0.61 kobo, from N0.65 kobo.
