Mobil top gainer, week ending NSE report reveals

Reports from the trading floor of the Nigerian Stock Exchange for the week ended July 14-18, show that Mobil Oil Nigeria PLC led 47 other market equities on the gainers’ chart, adding N22.22, which is 20.16 per cent, to close at N162.22 on Friday from the N135.00 it opened with on Monday.

Conversely, Oando PLC was the worst loser from 32 equities that depreciated, shedding N2.99, which is 10.68 per cent, to close at N25.00 from N27.99 when market opened.

A turnover of 1.777 billion shares worth N19.904 billion in 25,974 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 1.832 billion shares valued at N19.394 billion that exchanged hands last week in 26,521 deals.

The financial services industry (measured by volume) led the activity chart with 1.308 billion shares valued at N9.818 billion traded in 12,283 deals, thus contributing 73.62 per cent and 49.33 per cent to the total equity turnover volume and value respectively.

The conglomerates industry followed with a turnover of 138.120 million shares worth N873.592 million in 2,103 deals, contributing 8 per cent to the total equity turnover. The third place was occupied by the consumer goods industry with 136.580 million shares worth N4.651 billion in 3,464 deals.

The top three equities traded in the week (by volume) were FBN Holdings Plc, Unity Bank Plc and Fidelity Bank Plc, which jointly accounted for 668.146 million shares worth N4.496 billion in 2,807 deals, contributing 37.60% and 22.59% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 18,535 units of Exchange Traded Products (ETPs) valued at N483.425.26 executed in 19 deals compared with a total of 836,683 units valued at N18.094 million transacted last week in 21 deals.

Similarly, 220 units of FGN bonds valued at N260, 072.36 were traded this week in 2 deals compared with a total of 10,600 units of FGN bonds valued at N13,644 million transacted last week in two deals.

The NSE All-Share Index appreciated by 59.00 points which is 0.14 percent to close higher on Friday at 42,891.82 from 42,832.82, while market capitalisation added N20 billion to close at N14.163 trillion from N14.143 trillion .

Similarly, all the NSE sector indices appreciated during the week with the exception of the NSE Oil and gas index that depreciated from 477.63 to 469.09, shedding 8.54 points.

A total number of 48 equities appreciated in prices during the week, higher than 40 equities recorded preceding week.

On the other hand, 32 equities depreciated in prices lower than 37 equities of the preceding week, while 120 equities remained unchanged lower than 123 equities recorded in the preceding week.