STOCK MARKET ROUNDUP: Investments plummet as investors trade N8.667 billion shares

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Between Monday and Friday, a total of 694.376 million shares were traded in the hands of investors in 15,418 transactions, worth N8.667 billion in the Nigerian stock market.

This contrasts with the 11.714 billion naira investors parted with last week to trade 1.101 billion shares in 15,697 trades, indicating that investment in the exchange has fallen.

Best Performing NGX Sector

The financial services industry was the best performing sector in terms of volume, reporting that 487.150 million shares were traded in 7,527 transactions worth N4.229 billion.

The conglomerate industry came next, with investors trading 61.896 million shares, worth N77.471 million, in 396 deals.

Third place was taken by the consumer goods industry, which recorded 40.042 million shares traded on its trading floor in 2,713 transactions, valued at N1.243 billion.

The first three actions

Data obtained from the stock market listed Access Holdings Plc, Transnational Corporation Plc and Fidelity Bank Plc as the top three stocks of the week based on trading volume.

The three companies accounted for 232.923 million shares worth N1.237 billion in 1,316 transactions, accounting for 33.54% and 14.27% of total share turnover volume and value respectively.

Top five winners of the week

AXA Mansard stock value gained N0.24kobo as the stock price ended the week at N1.77kobo per share against the N1.53kobo it opened with.

Also Read:Nigerian Stock Market Records Sluggish Growth Despite Rising Level of Investment

Union Bank closed the week with N0.75kobo per share, rising N6.50kobo to surpass its opening of N5.75kobo per share.

GTCO was on the list of winners as its share price gained N1.90kobo to rise from its opening of N17.55kobo to end the week at N19.45kobo per share.

Nigerian Breweries’ stock rose by N3.85kobo during the week as its stock rose to N41.25kobo per share from N37.40kobo it started with this week.

Unilever Nigeria’s stock rose by N1 from N10 per share to N11 per share.

Top 5 losers of the week

SCOA leads the list of losers after a loss of N0.46kobo, which reduced its share value to N1.29kobo at the end of trading, from N1.75kobo.

The Guinness share value fell to N60.50kobo per share at the end of the trade this week, having lost N14.15kobo from its opening price of N74.65kobo per share.

Regency Assurance lost 14.81% of its share to end the week with N0.23kobo per share, below the N0.27kobo per share it started trading with.

Unity Bank stock fell 12.28% to end the week at 0.50 kobo naira per share, down from the 0.57 kobo naira per share it started the week with.

The value of Royal Exchange stock also fell during the week, losing N0.10kobo from its opening price of N0.88kobo to end trading at N0.78kobo per share.

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