STOCK MARKET ROUNDUP: Investments fall as investors part with 19.49 billion naira in five days


More than 1.831 billion shares worth N19.494 billion exchanged hands with investors in 21,723 deals in five days this week, compared to the 28.736 billion shares valued at N209.060 billion that traded last week in 23,688 transactions.

Best Performing NGX Sector

The financial services sector contributed 64.07% and 64.04% to total stock turnover volume and value, respectively, after investors traded 2.244 billion shares in 10,817 trades, d worth N12.399 billion.

The conglomerate industry came next after 419.100 million shares traded on its floor in 1,095 deals, worth 607.703 million naira, while the consumer goods industry said 69.680 million shares , worth N2.754 billion, was traded in 3,158 transactions.

The first three actions

In terms of volume, FBN Holdings Plc, Transnational Corporation Plc and United Bank for Africa Plc were the top three performing stocks, accounting for 62.08% and 42.70% of total revenue volume and value, respectively. shares.

Among the three companies, investors traded a combined 1.136 billion shares worth N8.323 billion in 2,906 transactions.

Top five winners of the week

Global Spectrum’s share value gained N0.25kobo as the stock price ended the week at N2.75kobo per share against the N2.50kobo it opened with.

Also Read:Shareholders Lose N85.3 Billion to Nigerian Stock Market Crash

Conoil closed the week with N32 per share, rising by N2.90kobo to surpass its opening of N29.10kobo per share.

Fidson was on the list of winners as its share price gained N1.05 to rise from its opening of N10.95kobo to end the week at N12 per share.

University Press stock rose N0.25kobo during the week as its stock reached N2.90kobo per share against the N2.65kobo it started with this week.

Pharmadeko shares appreciated by N0.15kobo to go from N1.60kobo per share to N1.75kobo per share.

Top Five NGX Losers of the Week

Industrial and Medical Gases topped the list of losers after losing N1.85kobo, which reduced its stock value to N9.15kobo at the end of trading, from N11.

Ecobank’s share value fell to N11.10kobo per share at the end of trading this week, having lost N1.40kobo from its opening price of N12.50kobo per share.

MRS Oil lost N1.60kobo from itself to end the week with N14.80kobo per share, below the N16.40kobo per share it started trading with.

ETranzact stock lost N0.29kobo to end the week at N2.71kobo per share, down from N3 per share it started the week with.

The value of Initiates stock also fell during the week, losing 9.09% from its opening price of N0.44kobo to end trading at N0.40kobo per share.

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