Stock market gains 0.12% W/W

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation appreciated by 0.12 per cent to close the week at 52,657.88 Index points from 52,594.68 Index points it closed last week and N28.681 trillion respectively.

This brings the month-to-date performance of the Nigerian stock market to 2.74 per cent.

Similarly, all other indices finished higher with the exception of NGX 30, NGX CG, NGX Premium, NGX MERI Growth, NGX Consumer Goods and NGX Sovereign Bond, indices which depreciated by 0.07 per cent, 0.05 per cent, 0.45 per cent, 1.21 per cent, 1.09 per cent and 2.30 per cent respectively, while the NGX ASeM index closed flat.

The breakdown of the market performance revealed that total turnover of 756.769 million shares worth N13.653 billion in 18,248 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 1.241 billion shares valued at N15.668 billion that exchanged hands last week in 18,560 deals.

The Financial Services Industry (measured by volume) led the activity chart with 454.718 million shares valued at N4.813 billion traded in 8,214 deals; thus contributing 60.09 per cent and 35.26 per cent to the total equity turnover volume and value respectively.

The ICT Industry followed with 61.735 million shares worth N1.647 billion in 1,600 deals. The third place was the Conglomerates Industry, with a turnover of 56.842 million shares worth N119.141 million in 622 deals.

Trading in the top three equities namely FBN Holdings Plc, Guaranty Trust Holding Company Plc and Fidelity Bank Plc, (measured by volume) accounted for 165.522 million shares worth N2.320 billion in 2,530 deals, contributing 21.87 per cent and 16.99 per cent to the total equity turnover volume and value respectively.

A total of 3,892 units valued at N0.785 million were traded this week in 38 deals compared with a total of 2,063 units valued at N1.505 million transacted last week in 59 deals.

On the leaders table, Triple Gee and Company Plc emerged as the highest price gainer with 31.25 per cent to close at N1.05 per share, followed by International Energy Insurance Plc which appreciated by 28.57 per cent to close at N0.63 per share, while Chellarams Plc rose significantly by 23.97 per cent to close at N1.81 per share.

Mutual Benefit Assurance which recorded as the last gainer grew by 23.33 per cent to close at N0.37 per share.

Associated Bus Company which recorded as the last fifth gainer went up by 17.24 per share.

On the decliner’s log, Computer Warehouse Group led as the highest price loser which depreciated by 13.46 per cent to close at N0.90 per share, followed by Nigerian Breweries which lost 9.69 per cent to close at N41.95 per share, while Thomaswy watt Nigeria plc went down by 9.66 per cent to close at N1.31 per share.

Courtville Business Solution which recorded as the last fourth loser shed 6.00 per cent to close at N0.47 per cent.

Industrial and Medical Gases of Nigeria which recorded as the last fifth loser dropped by 5.41 per cent to close at N7.00 per cent.

Forty-four (44) equities appreciated in price during the week, higher than thirty-nine (39) equities in the previous week. Twenty-nine (29) equities depreciated in price lower than thirty (30) in the previous week, while eighty-four (84) equities remained unchanged, lower than eighty-eight (88) equities recorded in the previous week.

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