Investors gain N801bn as equities market booms in one week

…Equities market ends trading week with N156bn profit for investors

Investors in the Nigerian equities market experienced a boom this trading week gaining N801 billion on the floor of the Nigerian Xchange Group (NGX) as equity capitalisation increased from N59.42 trillion to N60.26 trillion.

This follows a gain of N3.34trn in the previous week.

The bourse recorded gains in five of the five trading days of the week.

The market capitalisation appreciated from N59.42 trillion to N60.26 trillion from the previous week.

Similarly, the All-Share Index (ASI) appreciated by 1.41 percent to close the week at 99, 448.91 from 98,070.28 points recorded the previous week.

The Nigerian equities market began the week on Monday, October 21, 2024, with profit-making as investors gained N378 billion at the end of the trading session.

The market closed on Tuesday, October 22, 2024, with a gain of N119 billion.

The trend continued all through the week as investors gained N31 billion at the end of the trading session on Wednesday, October 23, 2024.

On Thursday, October 24, 2024, investors gained N148 billion at the end of the trading session.

The market closed positive on Friday, October 25, 2024, as investors gained another N122 billion at the end of the trading session.

A total turnover of 2.142 billion shares worth N85.946 billion in 41,217 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.447 billion shares valued at N73.889 billion that exchanged hands last week in 39,546 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.176 billion shares valued at N23.739 billion traded in 19,570 deals; thus contributing 54.91 percent and 27.62 percent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 366.923 million shares worth N4.672 billion in 4,004 deals.

Third place was occupied by the Oil and Gas Industry, with a turnover of 228.439 million shares worth N52.635 billion in 7,547 deals.

Trading in the top three equities namely United Bank for Africa Plc, Champion Breweries Plc and Japaul Gold and Ventures Plc (measured by volume) accounted for 828.822 million shares worth N12.319 billion in 5,080 deals, contributing 38.70 percent and 14.33 percent to the total equity turnover volume and value respectively.

Fifty-eight (58) equities appreciated in price during the week higher than thirty-three (33) equities in the previous week. Eighteen (18) equities depreciated in price lower than forty-three (43) in the previous week, while seventy-six (76) equities remained unchanged, same as seventy-six (76) recorded in the previous week.

Eunisell Interlinked Plc recorded the biggest share price increase percentage gaining 20.69 percent followed by United Bank For Africa Plc which increased its share price by 18.50 percent in the process.

Unilever Nigeria Plc also increased its share price by 18.42 percent.

On the flip side, Dangote Sugar Refinery Plc recorded the biggest decline in share prices by percentage shedding 10.13 percent followed by John Holt Plc which shed 9.84 percent of its share prices.

Secure Electronic Technology Plc also shed 9.68 percent off its share prices.

…As equities market ends trading week with N156bn profit for investors

The Nigerian stock market ended the trading week with N156 billion profit for investors on Friday.

This followed a surge in the share prices of stocks like CAP, LIVESTOCK, and EUNISELL amongst others on the trading floor today.

After five hours of trading at the capital market, the equity capitalisation increased to N60.2 trillion from N60.1 trillion recorded by the bourse on Thursday.

The benchmark All-Share Index (ASI) increased to 99,448.91 from 99,189.95 recorded the previous day.

The market breadth was positive as 39 stocks advanced and 13 stocks declined, while 61 stocks remained unchanged in 8,772 deals.

CAP, Livestock, and Eunisell led other gainers with 10 percent, 10 percent and 9.72 percent growth each in share prices to close at N38.50, N3.41, and N3.50 from the previous N35.00, N3.10 and N3.19 per share.

DAAR  communication, FTN Cocoa, Fidelity bank led other price decliners with 9.86 percent, 4.76 percent, and 2.72 percent decline each in share prices to close at N0.64, N1.80, and N14.30 from the previous N0.71, N1.89 and N14.70 per share.

On the volume index, CHAMS led trading with 97 million shares in 138 deals followed by UBA which traded 88 million shares in 1, 023 deals.

Sterling bank traded 32 million shares in 222 deals.

On the value index, UBA topped with securities worth N2.6 billion traded in 1,023 deals followed by Aradel which traded equities worth N2 billion in 729 deals.

Zenith bank traded shares valued at N7 billion.