NGX weekly update: Stock market appreciates by 1.20%, W/W
By Philemon Adedeji
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation decreased nearly 1.20 per cent to close the week at 54,232.34 and N29.544 trillion respectively.
All other indices finished higher with the exception of NGX Main Board, NGX 30, NGX Oil & Gas, NGX LOTUS II, NGX Industrial Goods and NGX Growth which depreciated by 0.95 per cent, 1.24 per cent, 2.02 per cent, 0.70 per cent, 3.26 per cent and 2.53 per cent respectively while the NGX ASeM and NGX Sovereign Bond indices closed flat.
The breakdown of market performance revealed total turnover of 2.071 billion shares worth N17.562 billion in 17,917 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.689 billion shares valued at N11.066 billion that exchanged hands last week in 14,019 deals.
The Financial Services Industry (measured by volume) led the activity chart with 948.792 million shares valued at N7.621 billion traded in 7,903 deals; thus contributing 45.80 per cent and 43.40 per cent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 930.664 million shares worth N1.486 billion in 1,591 deals.
The third place was the Oil and Gas Industry, with a turnover of 60.510 million shares worth N1.472 billion in 1,369 deals.
Trading in the top three equities namely Transnational Corporation Plc, Living Trust Mortgage Bank Plc and Fidelity Bank Plc, (measured by volume) accounted for 1.429 billion shares worth N3.461 billion in 1,620 deals, contributing 69.00 per cent and 19.71 per cent to the total equity turnover volume and value respectively.
On the performance board, Oando Plc led as the highest price gainer with 34.12 per cent to close at N5.70 per cent, Ikeja Hotel which followed appreciated by 18.45 per cent to close at N1.22 per share, while Champion Breweries grew by 13.27 per cent to close at N5.55 per share.
Royalex Exchange which recorded as the last fourth gainer rose by 13.04 per cent to close at N0. 78 per share, while UPDC which recorded as the last fifth gainer went up by 11.40 per cent to close at N1.07 per cent.
Thirty-seven (37) equities appreciated in price during the week higher than twenty-eight (28) equities in the previous week. Thirty (30) equities depreciated in price higher than twenty seven (27) in the previous week, while ninety (90) equities remained unchanged, lower than one hundred and two (102) equities recorded in the previous week.
On the decliners logs, Prestige Assurance which led the losers suffered 11.11 per cent to close at N0.40 per share, NCR Nigeria which followed lost 9.79 per cent to close at N2.12 per share, while Computer Warehouse Group dipped by 9.38 per cent to close at N0.87 per share.
Dangote Sugar which recorded as the last fourth loser dipped by 7.10 per cent to close at N17. 00 per share, while United Capital which came as the last fifth loser dropped by 6.67 per cent to close at N11.20 per share.
