Stock market appreciates by 0.48%, W/W
By Philemon Adedeji
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalization depreciated by 0.48 per cent to close the week at 52,214.62 and N28.431 trillion respectively.
All other indices finished higher with the exception of NGX Main Board, NGX 30, NGX Banking, NGX AFR Bank Value, NGX MERI Value, NGX Industrial Goods, and NGX Sovereign Bond which depreciated by 0.85 per cent, 0.12 per cent, 0.99 per cent,1.45 per cent,1.11 per cent, 3.36 per cent and 4.83 per cent respectively while the NGX ASeM index closed flat.
The breakdown of market performance during the week revealed total turnover of 3.602 billion shares worth N36.451 billion in 27,801 deals was traded by investors on the floor of the Exchange, in contrast to a total of 2.973 billion shares valued at N22.828 billion that exchanged hands last week in 23,765 deals.
The Financial Services Industry (measured by volume) led the activity chart with 3.150 billion shares valued at N27.484 billion traded in 14,987 deals; thus contributing 87.47 per cent and 75.40 per cent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 99.394 million shares worth N219.455 million in 901 deals. The third place was the Consumer Goods Industry, with a turnover of 87.434 million shares worth N1.628 billion in 3,768 deals.
Trading in the top three equities namely Fidelity Bank Plc, Access Holdings Plc, and FBN Holdings Plc, (measured by volume) accounted for 2.167 billion shares worth N18.650 billion in 5,083 deals, contributing 60.17 per cent and 51.16 per cent to the total equity turnover volume and value respectively.
On the price movement chart, Computer Warehouse Group led as the most price gainer which appreciated by 56.82 per cent to close at N2.07 per share, closely followed by Ardova oil which grew by 37.50 per cent increase to close at N26.40 per share, while Transnational Corporation rose by 33.51 per cent to close at N2.59 per share.
Multiverse and Mining Evaporation which recorded as the last fourth gainer went up by 32.90 per cent to close at N4.12 per share.
Sovereign insurance which recorded as the last fifth gainer appreciated by 27.72 per cent to close at N0.42 per share.
However, On the laggards log, C and I leasing emerged as the highest price loser which depreciated by 19.60 per cent to close at N3.20 per share, Access Holdings which followed suffered 12.00 per cent loss to close at N9.90 share.
While Royalex Exchange dipped by 11.48 per cent to close at N0.48 per share
Sunu Assurance which recorded as the last fourth loser went down by 9.26 per cent to close at N0.49 per share, while BUA Cement which recorded as the last fifth loser declined by 8.02 per cent to close at N90.00 per share.
