IN DETAIL: N47bn shares traded on Nigerian bourse in five days — down by 8%

Stock market traders exchanged N47.26 billion in 64.22 billion deals to trade 1.81 billion shares between March 3 and March 7.

According to the Nigerian Exchange Limited (NGX) stocks market weekly report, the figures are lower compared to trade from the previous week when investors traded 1.83 billion shares valued at N51.38 billion in 63,090 deals. This means trade weakened by 8 percent within the period.

FINANCIAL SERVICE TOPS  PERFORMANCE

TheCable Index analysis shows that the financial services industry topped the table by volume of shares traded, as investors exchanged 1.26 billion shares valued at N27.81 billion in 29,800 deals.

This represents 69.31 percent and 58.9 percent of the total equity turnover volume and value respectively, the NGX report said.

The consumer goods industry was next with 123.33 million shares worth N3.069 billion in 7,793 deals.

The services industry followed with a turnover of 118.93 million shares worth N832.6 million in 3,730 deals.

TOP THREE EQUITIES

The top three trading equities in the period reviewed are Zenith Bank Plc, Fidelity Bank Plc, and Access Holdings Plc.

The three equities measured by volume accounted for 451.55 million shares worth N13.58 billion in 10,055 deals.

This, the NGX said, contributed 24.84 percent and 28.76 percent to the total equity turnover volume.

TOP GAINERS OF THE WEEK

The report said Tantalizer Plc stock gained N0.69 kobo, ending the week with N2.59 kobo per share, higher than the N1.90 kobo it started with.

UH Real Estate Investment Trust’s share rose to N56.9 kobo per share, from N44.25 kobo per share — gaining N12.65 kobo.

Livestock Feeds Plc saw its stock price rise by N0.92 kobo to end the week with N8.35 kobo — up from its opening price of N7.45.

Nigeria Exchange Group’s share value grew to N33 per share, recording an increase of N3 from N30.

Also, the shares of Learn Africa Plc closed the week at N3.63 per share from N3.3 kobo per share, appreciating by N10 kobo.

TOP FIVE LOSERS OF THE WEEK

Further analysis shows that Eterna’s share lost N7.85 kobo to settle at N34.15 kobo. This is below the N42 kobo it opened the week with.

Transnational Corporation lost N10.10 kobo to close at N46.9 kobo per share, against the opening price of N57 per share.

FCMB’s share also dropped by 14.15 percent to N46.9 kobo, losing N9.1 kobo, from the N10.6 kobo per share it started trading with.

Royal Exchange’s share fell from N0.9 kobo to N0.78 kobo per share, losing N0.12 kobo within five days.

According to the report, Sovereign Trust also booked a loss of 13.16 percent as its share price dropped to N0.99 kobo per share, from N1.14 kobo.