IN DETAIL: Stock market investors traded N115bn shares in four days — up by 9%

The Nigerian Exchange (NGX) recorded a turnover of 8.40 billion shares worth N115.5 billion in 115,801 deals this week.

The figures account for four days of market activity following the federal government’s declaration of October 1 as a public holiday to mark Nigeria’s Independence Day.

Data from the bourse showed that the figure represents an increase of 9.35 percent relative to the 7.68 billion shares valued at N494.1 billion traded last week in 116,645 deals.

The NGX also said the market closed the week bullish, with the all-share index (ASI) appreciating by 1.02 percent to 143,584.04 points, while market capitalisation rose by 1.31 percent to N91.14 trillion.

TOP PERFORMING SECTORS

The financial services sector led the activity chart, accounting for 7.75 billion shares valued at N88.2 billion in 54,074 deals.

The NGX said the sector contributed 92.24 percent and 76.32 percent to the total equity turnover volume and value, respectively.

This was followed by the ICT sector, which traded 181 million shares worth N4.08 billion in 9,364 deals.

“Consumer Goods Industry, with a turnover of 126.554 million shares worth N6.274 billion in 14,261 deals,” NGX further said.

TOP THREE EQUITIES

The NGX said Cornerstone Insurance Plc, Fidelity Bank Plc, and the United Bank for Africa Plc (UBA) were the top three traded stocks by volume.

The three companies, according to the exchange’s data, recorded a combined turnover of 6.53 billion shares, worth N52.7 billion in 8,820 deals.

Together, they were said to have contributed 77.66 percent and 45.63 percent to the total equity turnover volume and value, respectively, NGX added.

TOP GAINERS OF THE WEEK

On the gainers’ chart, Eterna Plc rose 32.80 percent to close at N37.05 per share, up from the N27.90 kobo it started the week with.

Following on the list is Nigerian Enamelware Plc. The company climbed by 20.94 percent from N35.10 to N42.45 kobo.

Also, PZ Cussons Nigeria Plc appreciated by moving from N34.50 to N41.70 kobo — up by 20.87 percent.

The NGX said LivingTrust Mortgage Bank Plc advanced by 18.25 percent as its share rose from N5.15 kobo to N6.09 kobo.

Eunisell Interlinked Plc’s share price rose 17.56 percent from N33.60 to N39.50.

TOP FIVE DECLINERS OF THE WEEK

According to the report, Julius Berger Nigeria Plc led the losers’ chart, falling by 17.79 percent from N149.50 to N122.90 kobo.

The data showed the International Energy Insurance Plc shed 11.08 percent, closing at N2.97 from N3.34.

The NGX further said Union Dicon Salt Plc and AXA Mansard Insurance Plc both declined by 10 percent from N9 to N8.10 kobo and N16 kobo to N14.40 kobo, respectively.

The University Press Plc’s share price also dipped by 9.85 percent, ending the week at N5.40 kobo from N5.99 kobo.