Stock market investors traded a total of 3.64 billion shares worth N220.56 billion on the floor of the Nigerian Exchange (NGX) this week.
According to the NGX weekly market report, the value of transactions increased compared with the 3.821 billion shares, valued at N154.39 billion, that were exchanged in 258,567 deals the previous week.
The figure represents a 42.9 percent increase in turnover value over the five-day trading period.
The report also showed that the market capitalisation appreciated by 6.35 percent to close at N156.44 trillion, while the all-share index (ASI) rose by the same margin to 243,798.76 basis points.
The financial services industry led the activity chart by volume, with investors trading 2.89 billion shares valued at N147.36 billion in 106,603 deals.
According to the exchange, the sector contributed 79.48 percent and 66.81 percent to the total equity turnover volume and value, respectively.
The services industry followed with 164.91 million shares worth N3.61 billion traded in 16,375 deals.
The consumer goods industry ranked third, recording a turnover of 157.45 million shares valued at N7.77 billion in 27,950 deals.
The NGX said First Holdco Plc, Zenith Bank Plc, and Fidelity Bank Plc emerged as the most traded equities by volume during the week.
The three companies accounted for 1.74 billion shares worth N121.82 billion in 31,053 deals.
Together, they contributed 47.85 percent and 55.23 percent to the total equity turnover volume and value, respectively.
The report showed that International Breweries Plc topped the gainers’ chart after its share price increased by N3.8 to close at N13.3 per share, up from N9.5, representing a 40 percent gain.
RT Briscoe Plc followed after its share price rose by N3.25 to close at N13.4 from N10.15 — an increase of 32.02 percent.
Livestock Feeds Plc appreciated by N2.05 to close the week at N9.25 per share, compared to N7.2 recorded at the start of the week.
In addition, First Holdco Plc also gained N14.2, with its share price rising from N55 to N69.2, while Abbey Mortgage Bank Plc advanced by N1.75 to close at N9.15 from N7.40.
On the losers’ chart, McNichols Plc shed N2 to close at N5 per share, down from N7, representing a 28.57 percent decline.
Also, Thomas Wyatt Nigeria Plc lost N0.32 to close at N2.43 from N2.75.
Geregu Power Plc’s share price declined by N91.7, ending the week at N825.7 per share compared to N917.4 at the beginning of the week.
The NGX also said CAP Plc stock price fell to N157.6 from N175.10, while Guinness Nigeria Plc lost N36.5 to settle at N329 per share, down from N365.5.
Credit: The Cable
