Stock market appreciates by 2.13%, W/W

By Philemon Adedeji

The Nigerian Exchange Limited (NGX), All-Share Index (ASI) and Market Capitalization appreciated by 2.13 per cent to close the week at 54,949.21 index points and N29.934 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX Sovereign Bond index which depreciated by 0.07 per cent, while the NGX Insurance and NGX ASeM indices closed flat.

The breakdown ol indicated that total turnover of 799.848 million shares worth N29.354 billion in 14,194 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 751.990 million shares valued at N20.575 billion that exchanged hands last week in 15,822 deals.

The Financial Services Industry (measured by volume) led the activity chart with 480.122 million shares valued at N6.129 billion traded in 6,319 deals; thus contributing 60.03 per cent and 20.88 per cent to the total equity turnover volume and value respectively. The Utilities Industry followed with 126.882 million shares worth N12.940 billion in 289 deals. The third place was the ICT Industry, with a turnover of 54.012 million shares worth N5.930 billion in 1,575 deals.

Trading in the top three equities namely Geregu Power Plc, Guaranty Trust Holding Company Plc and Zenith Bank Plc. (measured by volume) accounted for 307.755 million shares worth N17.489 billion in 2,325 deals, contributing 38.48 per cent and 59.58 per cent to the total equity turnover volume and value respectively.

On the Leaders chart, MRS Oil Nigeria led as the overall price gainer with 32.83 per cent increased to close at N30.55 per share, closely followed by Johnholts which rose significantly by 32.33 per cent to close at N1.76 per share, while Triple Gee and Company went up by 31.66 per cent to close at N2. 62 per share.

Conoil Oil which recorded as the last fourth gainer appreciated by 20.85 per cent increased to close at N42.60 per share.

Computer Warehouse Group which recorded as the last fifth gainer grew by 19.75 per cent increased to close at N0.97 per share.

However, On the laggards table, Capital Hotel came as the highest loser which depreciated by 9.42 per cent to close at N2.50 per share, Vitafoam Nigeria which followed lost 7.18 per cent to close at N19.40 per share, While Neimeth Pharmaceutical Industry which recorded as the last third loser went down by 6.45 per cent to close at N1.45 per share.

Veritas kapital Insurance shed 4.76 per cent to close at N0.20 per share.

Consolidated Hallmark Insurance which recorded as the last fifth loser declined by 4.48 per cent to close at N0.64 per share.

Thirty-nine (39) equities appreciated in price during the week higher than thirty-six (36) equities in the previous week. Twenty-two (22) equities depreciated in price lower than twenty-seven (27) in the previous week, while ninety-six (96) equities remained unchanged, higher than ninety-four (94) equities recorded in the previous week.

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