Investors in the Nigerian stock market traded a total turnover of 4.773 billion shares worth N107.426 billion in 152,965 transactions this week on the floor of the Exchange.
The Nigerian Exchange Ltd. (NGX), in its weekly report released in Lagos, stated that this contrasted with 8.564 billion shares valued at N99.936 billion exchanged last week in 177,870 deals.
Consequently, the value of transactions on the Exchange rose by 7.50 per cent.
The Financial Services Industry led the activity chart with 3.734 billion shares valued at N60.627 billion traded in 72,977 transactions. This contributed 78.24 per cent and 56.44 per cent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 370.404 million shares worth N14.025 billion in 17,997 transactions. The Services Industry ranked third with a turnover of 176.285 million shares worth N1.279 billion in 8,790 deals.
Trading in the top three equities—Universal Insurance Plc, Zenith Bank Plc, and FCMB Group Plc—accounted for 1.201 billion shares worth N29.433 billion in 10,537 transactions. These contributed 25.16 per cent and 27.40 per cent to the total equity turnover volume and value respectively.
The NGX All-Share Index and Market Capitalisation depreciated by 2.51 per cent to close the week at 141,004.14 points and N89.209 trillion respectively.
Similarly, all other indices ended lower, except the NGX Consumer Goods and NGX Growth indices, which appreciated by 0.83 per cent and 4.14 per cent respectively, while the NGX ASeM and NGX Commodity indices closed flat.
During the week, 43 equities appreciated in price, down from 50 in the previous week. Fifty-four equities declined, compared with 49 in the prior week, while 49 equities remained unchanged, up from 47 recorded previously.
The top five gainers were Austin Laz (20.83%), NCR Nigeria (20.69%), Nigerian Enamelware (19.45%), Guinea Insurance (18.79%), and Mutual Benefits Assurance (14.29%). These companies gained 50k, N1.80, N6.35, 28k, and 55k respectively.
The top five decliners were Thomas Wyatt Nigeria (70k), NEM Insurance (N5.90), Stanbic IBTC Holdings (N17.10), Lasaco Assurance (59k), and RT Briscoe (55k).
