The Nigerian Exchange Limited (NGX) says stock market traders exchanged N56.02 billion in 51,386 deals to trade 1.85 billion shares between April 22 and April 25.
An analysis of the NGX’s weekly stock market report shows that the value of shares traded was 30.3 percent or N13 billion higher than the N43.01 billion exchanged for 1.53 billion shares in 51,156 deals the previous week.
The trading covered only four days, as Friday, April 18 and Monday, April 21, were declared public holidays by the federal government for the Easter celebration.
TOP PERFORMING SECTORS
According to the stock market report, the financial services industry, the information and communications technology (ICT) industry, and the consumer goods industry were the top-performing sectors during the week.
Advertisement
The financial services sector led the chart with 1.26 billion shares, valued at N29.4 billion, traded in 24,351 deals, contributing 68.28 percent and 52.48 percent to the total equity turnover volume and value, respectively.
The NGX said the ICT industry followed with 136.7 million shares worth N12.47 billion in 2,974 deals.
The consumer goods industry occupied the third place with a turnover of 118.61 million shares worth N4.41 billion in 5,869 deals.
Advertisement
TOP THREE EQUITIES
The NGX report showed that Fidelity Bank, Access Holdings and Guaranty Trust Holding Company (GTCO) were the top three equities during the period.
The three companies accounted for 797.87 million shares worth N22.04 billion in 8,618 deals, contributing 43.03 percent and 39.34 percent to the total equity turnover volume and value, respectively.
TOP GAINERS OF THE WEEK
Analysis of the data showed that International Breweries’ share price appreciated by N2.2 kobo to close at N7.7 kobo per share, up from N5.5 kobo.
The share price of Nascon Allied Industries increased by N11 from N41.95 kobo to N52.95 kobo.
Advertisement
Africa Prudential’s share gained N3.5 kobo to close at N17.15 kobo, compared to its opening price of N13.65 kobo.
Vitafoam Nigeria’s share appreciated by 21.22 percent to close at N44.85 kobo per share, up from N37.
Also, Ikeja Hotel’s share rose by N2.1 kobo to close at N12.1 kobo per share from N10.
TOP LOSERS OF THE WEEK
At the end of trading, VFD Group Plc’s share, according to the report, depreciated by N78.9 kobo, to drop to N17.1 kobo — from N96.
Advertisement
John Holt’s share price fell by N1.44 kobo to N6.3 kobo, from an opening price of N7.74 kobo.
Similarly, Dangote Cement’s share dropped by N48 to close at N432, compared to the opening price of N480 kobo.
Advertisement
Tripple Gee and Company’s share price declined by N0.22 kobo, to close at N1.98 kobo per share, down from N2.2 kobo.
In addition, Haldane McCall’s share dropped from N5.22 kobo to N4.7 kobo per share, losing N0.52 kobo.
Advertisement
