Stock market investors traded 4.847 billion shares worth ₦149.755 billion in 174,267 deals on the floor of the Nigerian Exchange (NGX) during the week ended.
This represents an increase compared to the 3.691 billion shares valued at ₦112.261 billion exchanged in 138,250 transactions the previous week.
Consequently, the total value of transactions rose by 25.04%.
The Financial Services Industry led the activity chart with 3.314 billion shares worth ₦61.084 billion traded in 70,239 deals, contributing 68.37% and 40.79% to the total equity turnover volume and value, respectively.
The Consumer Goods Industry followed with 326.455 million shares valued at ₦19.777 billion in 23,764 deals.
In third place was the Services Industry, with a turnover of 279.737 million shares worth ₦3.947 billion in 12,794 transactions.
Also Read: NGX Weekly Recap Records 12.9% Decline in Transactions
Trading in the top three equities FCMB Group Plc, Fidelity Bank Plc, and Universal Insurance Plc accounted for 1.245 billion shares worth ₦15.825 billion in 9,250 deals, contributing 25.69% and 10.57% to the total equity turnover volume and value, respectively.
The NGX All-Share Index and Market Capitalization appreciated by 5.07% and 5.08%, closing the week at 141,263.05 points and ₦89.373 trillion, respectively.
Similarly, all other indices ended the week higher, except for the NGX Insurance Index and NGX Oil & Gas Index, which depreciated by 1.22% and 0.48%, respectively, while the NGX ASeM Index remained unchanged.
A total of 54 equities appreciated in price during the week, down from 60 in the previous week. Forty-nine equities declined, compared to 43 previously, while 43 equities remained unchanged, slightly lower than the 44 recorded in the previous week.
Top Five Gainers:
-
UAC of Nigeria Plc – up 60.69% (₦33.35 gain)
-
Mecure Industries Plc – up 41.52% (₦4.65 gain)
-
Custodian Investment Plc – up 27.87% (₦8.50 gain)
-
Veritas Kapital Assurance Plc – up 23.01% (26 kobo gain)
-
Tripple Gee and Company Plc – up 22.51% (79 kobo gain)
Top Five Decliners:
-
Abbey Mortgage Bank Plc – down ₦2.73
-
FTN Cocoa Processors Plc – down ₦1.47
-
Cornerstone Insurance Plc – down 79 kobo
-
Nigerian Aviation Handling Company Plc – down ₦17.70
-
The Initiates Plc – down ₦2.38
In a separate development, the NGX announced that an additional 11.5 million ordinary shares of Seplat Energy Plc were listed on its Daily Official List on Friday, August 1.
The shares were issued under the company’s Employee Share-Based Payment Scheme, raising Seplat’s total issued and fully paid-up shares from 588,444,561 to 599,944,561 ordinary shares.
