First HoldCo, two others lead as NGX transacts N185.36bn in one week

Investors traded 8.029 billion shares worth N185.358 billion in 160,836 transactions on the floor of the Nigerian Exchange Limited NGX) during the week.

This compares to 2.829 billion shares valued at N208.407 billion exchanged in 192,158 deals during the previous week.

As a result, the total value of transactions fell by 11.06 per cent.

The Financial Services Industry led the activity chart with 4.854 billion shares valued at N95.790 billion traded in 72,047 deals.

This contributed 60.45 per cent and 51.68 per cent to the total equity turnover volume and value respectively.

The agriculture industry followed with 2.243 billion shares worth N22.777 billion in 5,884 deals.

The third place is the consumer goods industry, with a turnover of 260.996 million shares worth N11.887 billion in 20,779 deals.

Trading in the top three equities – 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 contributed 72.63 per cent and 41.03 per cent to the total equity turnover volume and value respectively.

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.

All other indices closed higher, except for the NGX Main Board, NGX Banking, NGX AFR Bank Value, NGX MERI Growth, NGX Consumer Goods, and NGX Growth indices, which fell 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.

Stock market closes week bearish as investors lose N64bn

43 equities appreciated in price during the week, higher than 29 equities in the previous week.

39 equities depreciated in price, lower than 57 equities in the previous week, while 64 equities remained unchanged, higher than 60 recorded in the previous week.

Champion Breweries, Caverton Offshore Support Group, AXA Mansard Insurance, Oando, and Veritas Kapital Assurance topped the gainers’ chart for the week, gaining N2.40, 75k, N1.90, N4.90, and N14k, respectively.

Conversely, the top five losers for the week are Livingtrust Mortgage Bank, Thomas Wyatt Nigeria, Okomu Oil, Nigerian Aviation Handling Company, and Nigeian Enamelware.

The companies lost 53k, 32k, N139.10, N15.10 and N3.65 respectively.