Stock market appreciates by 0.48% W/W
By Philemon Adedeji
The Nigerian Exchange Limited (NGX), All-Share Index (ASI) and Market Capitalisation appreciated by 0.48 per cent during the week to close the week at 55,794.51 index points and N30.395 trillion respectively.
Absolutely, all other indices finished higher with the exception of NGX Main Board, NGX CG, NGX Banking, NGX Pension, NGX AFR Bank Value, NGX AFR Div. Yield, NGX MERI Growth, NGX MERI Value, NGX Consumer Goods and NGX Oil and Gas indices which depreciated by 0.09 per cent, 0.74 per cent, 1.82 per cent, 0.57 per cent, 2.04 per cent, 0.57 per cent, 0.88 per cent, 1.91 per cent, 0.26 per cent and 3.82 per cent respectively while the NGX ASeM index closed flat.
The breakdown of market performance during the week indicated that total turnover of 1.023 billion shares worth N20.221 billion in 18,650 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.910 billion shares valued at N18.436 billion that exchanged hands last week in 20,311 deals.
The Financial Services Industry (measured by volume) led the activity chart with 414.427 million shares valued at N5.646 billion traded in 8,136 deals; thus contributing 40.50 per cent and 27.92 per cent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 307.868 million shares worth N479.512 million in 1,122 deals. The third place was the Industrial Goods Industry, with a turnover of 104.234 million shares worth N10.354 billion in 1,334 deals.
Trading in the top three equities namely Transnational Corporation Plc, Guaranty Trust Holding Company Plc and BUA Cement Plc. (measured by volume) accounted for 447.809 million shares worth N9.556 billion in 2,018 deals, contributing 43.76 per cent and 47.26 per cent to the total equity turnover volume and value respectively.
On the leaders chart, Julius Berger led as the highest price gainer which appreciated by 10.00 per cent to close at N26.95 per share, closely followed by Trans-national express which gained 9.88 per cent to close at N0.89 per share, while International Energy Insurance rose significantly by 8.33 per cent to close at N1.30 per share.
UACN grew by 8.24 per cent to close at N9.20 per share, while Transnational Corporation went up by 7.81 per cent to close at N1.38 per share.
However, on the losers board MRS Oil led as the most price loser which depreciated by 18.99 per cent to close at N27.95 per share, Conoil which followed dipped by 18.89 per cent to close at N38. 00 per share, while FTNCOCOA Cocoa processor went down by 13.33 per cent to close at N0.26 per share.
NCR which recorded as the last fourth loser dropped by 10.80 per cent to close at N2.89 per share, while Multiverse and Mining Evaporation declined by 9.85 per cent to close at N3.57 per share.
Twenty-two (22) equities appreciated in price during the week lower than fifty-three (53) equities in the previous week. Forty-one (41) equities depreciated in price higher than twenty-one (21) in the previous week, while ninety-four (94) equities remained unchanged, higher than eighty-three (83) equities recorded in the previous week.
