NGX investors gain N1.67trn in one week

The Nigerian Exchange Limited (NGX) all-share index and market capitalisation appreciated by 1.76 per cent to close the week at 152,057.38 and N96.937 trillion respectively.

These are in contrast with the previous week’s 149,433.26 and N95.264 trillion.

Consequently, stock market investors gained N1.673 trillion for the week under review.

All other indices finished higher with the exception of NGX AFR Bank Value, and NGX Oil and Gas Indices which depreciated by 1.38 per cent and 0.17 per cent respectively.

A total turnover of 4.373 billion shares worth N97.783 billion in 110,736 deals was traded this week by investors on the floor of the Exchange

This is in contrast with a total of 6.617 billion shares valued at N113.224 billion that exchanged hands last week in 109,590 deals.

The Financial Services Industry led the activity chart with 2.252 billion shares valued at N47.204 billion traded in 44,808 deals.

This contributed 51.49 per cent and 48.27 per cent to the total equity turnover volume and value respectively.

The ICT Industry followed with 1.118 billion shares worth N13.148 billion in 10,413 deals.

Stock market extends bullish rally as investors gain N1.08trn

The third place was the Oil & Gas Industry, with a turnover of 233.891 million shares worth N4.726 billion in 7,515 deals.

Trading in the top three equities, namely E-Tranzact International Plc, Access Holdings Plc and FCMB Group Plc, accounted for 1.921 billion shares worthN22.218 billion in 9,558 deals.

This contributed 43.93 per cent and 22.72 per cent to the total equity turnover volume and value respectively.

49 equities appreciated in price during the week, lower than 55 equities in the previous week.

41 equities depreciated in price, higher than 29 equities in the previous week, while 57 equities remained unchanged, lower than 63 recorded in the previous week.

Morison Industries, Mecure Industries, Japaul Gold, Sovereign Trust Insurance and PZ Cussons Nigeria were the top five gainers for the week, as they gained N1.15, N8.15, 56k, 50k, and N6.55 respectively.

The top five losers for the week are: Eterna, UACN, Etranzact International, Transcorp Hotel and Chellaram Plc, having lost N5.30, N13.80, N1.40, N17.20 and 1.45 respectively.

The NGX informed the Trading Licence Holders that additional 140,100,000 units of N100 each at N109.50 each of Chapel Hill Denham Management Limited’s Nigerian Infrastructure Debt Fund inder the N200 billion Issuance Programme were on December 10 listed on the Faily Official List of NGX.

The Star