Investors traded N99.7bn in one week

Stock market investors traded 3.188 billion shares worth N99.685 billion in 132,711 transactions on the floor of the exchange during the week. This is compared to 3.117 billion shares valued at N90.295 billion that exchanged hands last week in 118,018 deals. As a result, the total value of transactions grew by 10.4 per cent week-on-week. The financial services industry led the activity chart with 2.282 billion shares valued at N38.812 billion traded in 57,934 transactions. This contributed 71.59 per cent and 38.94 per cent to the total equity turnover volume and value, respectively. The consumer goods industry followed with 198.393 million shares worth N12.836 billion in 17,508 deals. The third place was the oil and gas industry, with a turnover of 186.744 million shares worth N35.173 billion in 8,811 deals.
Trading in the top three equities, namely FCMB Group Plc, Access Holdings Plc, and Universal Insurance Plc, accounted for 1.249 billion shares worth N14.277 billion in 10,359 deals. This contributed 39.17 per cent and 14.32 per cent to the total equity turnover volume and value, respectively. The NGX all-share index and market capitalisation appreciated by 1.12 per cent to close the week at 140,545.69 and N88.922 trillion, respectively. Similarly, all other indices finished higher, while the NGX ASeM index closed flat. Seventy equities appreciated in price during the week, higher than 19 equities in the previous week. Twenty-two equities depreciated in price, lower than 64 equities in the previous week, while fifty-five equities remained unchanged, lower than the 64 recorded in the previous week.
Etranzact International, Regency Alliance Insurance, Chellaram, Daar Communications, and Royal Exchange were the top five gainers for the week, increasing by 45.15 per cent, 27.69 per cent, 26.67 per cent, 23.26 per cent, and 22.34 per cent, respectively. They gained N4.65, 36k, N2.80, 20k and 42k, respectively. The top five decliners for the week were Union Dicon Salt, Thomas Wyatt Nigeria, Secure Electronic Technology, Nigerian Enamelware, and May and Baker Nigeria, as they lost N2.20, 49k, 10k, N3.90, and N1.80, respectively. NAN