NGX records more gainers, fewer losers in weekly trading
Stock market investors traded 8.029 billion shares worth N185.358 billion in 160,836 transactions on the Nigerian Exchange Ltd. (NGX) during the week.
This compares with 2.829 billion shares valued at N208.407 billion exchanged in 192,158 deals in the previous week.
Consequently, the total value of transactions declined by 11.06 per cent.
The Financial Services Industry led the activity chart, accounting for 4.854 billion shares valued at N95.790 billion in 72,047 deals.
This represented 60.45 per cent and 51.68 per cent of the total equity turnover volume and value, respectively.
The agriculture industry ranked second, with 2.243 billion shares worth N22.777 billion traded in 5,884 deals.
The consumer goods industry came third, recording a turnover of 260.996 million shares valued at N11.887 billion in 20,779 deals.
Trading in the three most active equities, namely Linkage Assurance Plc, Livestock Feeds Plc and First Holdco Plc, accounted for 5.831 billion shares worth N76.060 billion in 9,544 deals.
This represented 72.63 per cent of the total equity turnover volume and 41.03 per cent of its value.
The NGX All-Share Index and market capitalisation appreciated by 1.36 per cent to close the week at 252,269.16 and N163.796 trillion, respectively.
Similarly, most other indices closed higher, except the NGX Main Board, NGX Banking, NGX AFR Bank Value, NGX MERI Growth, NGX Consumer Goods and NGX Growth indices.
The indices declined by 0.06 per cent, 0.21 per cent, 0.49 per cent, 0.13 per cent, 0.55 per cent and 1.92 per cent, respectively.
A total of 43 equities appreciated in price during the week, up from 29 in the previous week.
Thirty-nine equities depreciated, compared with 57 in the preceding week, while 64 remained unchanged, up from 60 previously.
Champion Breweries, Caverton Offshore Support Group, AXA Mansard Insurance, Oando and Veritas Kapital Assurance led the gainers’ chart, appreciating by N2.40, 75k, N1.90, N4.90 and 14k, respectively.
On the other hand, Livingtrust Mortgage Bank, Thomas Wyatt Nigeria, Okomu Oil, Nigerian Aviation Handling Company and Nigerian Enamelware topped the losers’ chart.
Their share prices declined by 53k, 32k, N139.10, N15.10 and N3.65, respectively. (NAN)