IN DETAIL: Stock market investments increased to N398.9bn in five days

The Nigerian Exchange Limited (NGX) says over 7.52 billion shares, valued at N398.94 billion, were traded by investors in 61,312 deals between Monday and Friday.

In a NGX’s weekly stock market report, TheCable Index analysis showed that investors increased the shares exchanged compared to the week before, when 2.90 billion shares were traded in 57,044 deals at a value of N48.06 billion.

TOP PERFORMING SECTORS

Data from the NGX showed that, by measure of volume, the industrial goods was the top performing sector with 4.923 billion shares, valued at N331.99 billion, traded in 2,969 deals.

As a result, the industrial goods sector contributed 65.46 percent and 83.22 percent to the total equity turnover volume and value, respectively.

The financial services industry followed with 2.092 billion shares, traded in 32,421 deals, valued at N31.74 billion.

The third position was occupied by the services industry, which recorded 198.775 million shares, worth N788,66 million, traded in 3,450 deals.

TOP THREE EQUITIES

The top three equities, by measure of volume, during the trading week, were Lafarge Africa Plc, Sovereign Trust Insurance Plc and Cutix Plc.

NGX reported that the three companies accounted for 5.546 billion shares, in 1,300 deals, worth N332.38 billion.

Consequently, they accounted for 73.73 percent and 83.31 percent of the total equity turnover volume
and value, respectively.

TOP GAINERS OF THE WEEK

Mutual Benefits Assurance share value appreciated by N0.38 kobo, to close the week at N1.05, compared to the N0.67 kobo the company’s share opened with.

Sunu Assurances Nigeria’s share price increased from N4.99 kobo to N6.65 kobo within five days, indicating an appreciation of N1.66 kobo.

Also, Abbey Mortgage Bank reported a N1.13 kobo gain during the reviewed period, as the company’s share price rose from N3.60 kobo to N4.73 kobo.

Royal Exchange joined the list after its share appreciated in value by N0.25 kobo, to sell at N1.05, compared to the week’s opening price of N0.80 kobo.

E-Tranzact International completed the top five list with N0.95 kobo gain, which raised the company’s share price to N5.75 kobo, from N4.80 kobo.

TOP LOSERS OF THE WEEK

Africa Prudential saw the value of its share depreciate by N19.95 kobo after five days of trading, with the share price dropping from N33 to N13.05.

Also on the list is CWG, which recorded N1 decline in its share price during the review period, as it closed trading at N8, down from N9.

Similarly, John Holt’s share price depreciated from N8.60 kobo, to N7.74 kobo, losing N0.86 kobo within five days.

UH Real Estate Investment Trust made the list after losing N5.65 kobo in the value of its share, which opened the week’s trading with N8.60 kobo, but closed at N51.25 kobo.

Also, United Capital’s share price dropped by N1.80 kobo, depreciating from N18.30 kobo to N16.50 kobo during the week.