The stock market investors traded 7.47 billion shares valued at N145.429 billion in 159,487 deals between October 27 and October 31, according to the Nigerian Exchange Limited (NGX).
Data from the weekly market report of the NGX showed that the transaction value was higher compared to the previous week, when investors traded 3.69 billion shares valued at N129.889 billion in 148,077 deals.
This indicates an 11.96 percent turnover increase within the five-day period.
TOP PERFORMING SECTORS
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The report showed that the financial services industry was the top-performing sector by volume of shares traded, as investors exchanged 6.63 billion shares valued at N74.62 billion in 65,294 deals.
According to the bourse, the industry contributed 88.77 percent and 51.32 percent to the total equity turnover volume and value, respectively.
The services industry followed with 215.57 million shares, worth N2.7 billion in 9,036 deals.
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Third place was the consumer goods industry, with a turnover of 125.93 million shares worth N7.3 billion in 18,857 deals.
TOP THREE EQUITIES
The report said the top three trading equities in the period reviewed were Cornerstone Insurance Plc, Wema Bank Plc, and Guaranty Trust Holding Company Plc.
Measured by volume, the three equities were said to have accounted for 5.26 billion shares worth N48.96 billion in 9,663 deals.
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Together, they contributed 70.43 percent and 33.67 percent to the total equity turnover volume and value, respectively.
TOP GAINERS OF THE WEEK
The data showed that Aso Savings and Loans Plc’s stock gained N0.37 kobo, ending the week at N1.03 kobo per share — higher than the N0.66 kobo it started with.
Julius Berger Nigeria Plc’s share price rose to N151.80 kobo per share from N134 — gaining N17.80 kobo.
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The NGX said the share price of Oando Plc rose by N5.10 kobo to end the week at N48.05 kobo — up from its opening price of N42.95 kobo.
Berger Paints Plc’s share value grew to N42.50 kobo per share, recording an increase of N3.60 kobo from N38.90 kobo.
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Also, the share price of Ecobank Transnational Incorporated closed the week at N38.95 per share from N36, appreciating by N2.95 kobo.
TOP DECLINERS OF THE WEEK
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Further analysis showed that Omatek Ventures Plc lost N0.34 kobo to settle at N1.21 kobo — below the N1.55 it opened the week with.
The report said John Holt Plc lost N1.10 kobo to close at N5.40 per share, against the opening price of N6.50 kobo.
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Also, Caverton Offshore Support Group Plc’s share price fell from N6.50 kobo to N5.45 kobo per share, losing N1.05 kobo within five days.
The share price of Nigerian Aviation Handling Company Plc closed at N105, recording a loss of N19.85 kobo from the N124.85 per share it started trading with.
The NGX said E-Tranzact International Plc also recorded a loss of N2.30 kobo as its share price dropped to N12.70 kobo per share from N15.
