Transactions Value on Nigerian Exchange Increases by 7.50%
Investors in the Nigerian stock market traded a total turnover of 4.773 billion shares worth N107.426 billion in 152,965 transactions this week on the floor of the Exchange.
The Nigerian Exchange Ltd.(NGX) weekly report made available in Lagos, said this was in contrast to 8.564 billion shares valued at N99.936 billion that exchanged hands last week in 177,870 deals.
Consequently, the value of transactions traded by investors on the Exchange advanced by 7.50 per cent. The Financial Services Industry led the activity chart with 3.734 billion shares valued at N60.627 billion traded in 72,977 transactions.
This contributed 78.24 per cent and 56.44 per cent to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 370.404 million shares worth N14.025 billion in 17,997 transactions. The third place was the Services Industry, with a turnover of 176.285 million shares worth N1.279 billion in 8,790 deals.
Trading in the top three equities, namely Universal Insurance Plc, Zenith Bank Plc and FCMB Group Plc, accounted for 1.201 billion shares worth N29.433 billion in 10,537 transactions. This contributed 25.16 per cent and 27.40 pee cent to the total equity turnover volume and value respectively.
It said the he NGX All-Share Index and Market Capitalisation depreciated by 2.51 per cent to close the week at 141,004.14 and N89.209 trillion respectively. Similarly, all other indices finished lower with the exception of NGX Consumer Goods and NGX Growth which appreciated by 0.83 per cent and 4.14 per cent respectively, while the NGX AseM and NGX Commodity indices closed flat.
It noted that 43 equities appreciated in price during the week, lower than 50 equities in the previous week. Fifty-four equities depreciated in price, higher than 49 in the previous week, while 49 equities remained unchanged, higher than 47 recorded in the previous week.
Austin Laz, NCR Nigeria, Nigerian Enamelware, Guinea Insurance and Mutual Benefits Assurance were the five top gainers for the week, and they grew in 20.83 per cent, 20.69 per cent, 19.45 per cent, 18.79 per cent and 14.29 per cent respectively.
The companies gained 50k, N1.80, N6.35, 28k and 55k respectively. It listed the top five decliners for the week as, Thomas Wyatt Nigeria, Nem Insurance, Stanbic IBTC Holdings, Lasaco Assurance, and RT Briscoe, which shed 70k, N5.90, N17.10, 59k, and 55k respectively. #Transactions Value on Nigerian Exchange Increases by 7.50%# NNPC, NLNG, suppliers Sign Landmark Gas Supply Deals
