IN DETAIL: Investors traded N63bn shares in five days — up by 34%

The Nigerian Exchange Limited (NGX) says stock market traders exchanged N63.51 billion in 60,782 deals to trade 3.28 billion shares between Monday and Friday.

TheCable Index analysis of NGX’s weekly stock market report showed that the value of the shares traded was 34.4 percent higher than the N47.22 billion exchanged for 1.818 billion shares in 64,222 deals the previous week.

TOP PERFORMING SECTORS

The top three performing sectors for the week are the financial services industry, the consumer goods industry and the services industry.

According to the data, the financial services industry led the chart, as investors exchanged 2.30 billion shares valued at N25 billion in 27,625 deals.

The sector contributed 70.17 percent and 39.38 percent to the total equity turnover volume and value, respectively. 

 The consumer goods industry followed with 421.84 million shares traded in 6,149 deals, valued at N3.79 billion.

In the services industry, 228.07 million shares, worth N800.27 million, were traded by investors in 4,741 deals.

TOP THREE EQUITIES 

The data showed that the Sovereign Trust Insurance Plc, Champion Breweries Plc and Jaiz Bank Plc are the top three equities within the reviewed period.

They accounted for 1.621 billion shares worth N3.244 billion in 1,528 deals out of the total shares traded in the bourse.

Consequently, the companies contributed 49.42 percent and 5.11 percent to the total equity turnover volume and value, respectively.

TOP GAINERS OF THE WEEK

Analysis of the data showed that Livestock Feeds’s share appreciated by N1.85 kobo, according to the bourse, and ended the week at N10.20 kobo per share, compared to the opening price of N8.25 kobo.

The share price of Caverton Offshore Support GRP Plc increased by N0.40 kobo from N2.60 kobo to N3.

In contrast to its opening price of N1.62 kobo, FTN Cocoa Processor Limited’s share gained N0.23 kobo to close the week at N1.85 kobo.

CWG’s share appreciated by 13.21 percent to N9 per share – up from N7.95 kobo.

Similarly, Tantalizers Plc closed the week at N2.93 kobo per share, up from N2.59 kobo per share — representing a gain of N0.34 kobo.

TOP LOSERS OF THE WEEK

At the end of trading, Neimeth International Pharmaceutical’s share, according to the report, depreciated by N0.51 kobo, to drop to N2.49 kobo — from N3.

Mecure Industries lost N1.30 kobo in its share price, which closed at N11.35 kobo per share, against the opening price of N12.55 kobo per share.

International Energy Insurance Plc share price decreased to N1.75 kobo, after losing N0.20 kobo from the N1.95 kobo per share it started the week with.

University Press’ share price declined from N4.80 kobo to N4.32 kobo per share, losing N0.48 kobo.

Conoil also reported a loss of 10 percent, after the value of its share dropped to N331.20 kobo per share, from N368 per share in five days.