Weekly review: CAP, Dangote Sugar top gainers’ chart as NGX market capitalisation hits N157trn

The Nigerian Exchange Limited (NGX) All-Share Index and Market Capitalisation appreciated by 0.71 per cent to close the week at 244,775.83 and N157.094 trillion respectively.

This is in contrast with the previous week’s 242,277.81 and N155.994 trillion, respectively.

Investors on the NGX gained N1.1 trillion during the week under review.

All other indices finished higher with the exception of NGX CG, NGX Premium, NGX Pension, NGX AFR Bank Value, NGX MERI Growth, NGX MERI Value, NGX Oil & Gas, and NGX Commodity.

These depreciated by 0.26 per cent, 1.69 per cent, 0.60 per cent, 2.12 per cent, 0.16 per cent, 2.80 per cent, 3.27 per cent and 2.26 per cent, respectively, while NGX Sovereign Bond closed flat.

A turnover of 7.075 billion shares worth N324.351 billion in 474,436 deals was traded this week by investors on the floor of the Exchange.

This is in contrast with 4.842 billion shares valued at N287.756 billion exchanged last week in 332,453 deals.

On sectoral performance, the financial services industry led the activity chart with 4.260 billion shares valued at N131.483 billion traded in 179,609 deals.

This contributed 60.22 per cent and 40.54 per cent to the total equity turnover volume and value, respectively.

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The ICT Industry followed with 769.239 million shares worth N45.315 billion in 61,820 deals, while the Investment Industry occupied the third position with a turnover of 544.809 million shares worth N5.776 billion in 2,243 deals.

Trading in the top three equities – Access Holdings Plc, VFD Group Plc, and CWG Plc – accounted for 1.589 billion shares worth N30.098 billion in 24,954 deals.

This contributed 22.46 per cent and 9.28 per cent to the total equity turnover volume and value respectively.

69 equities appreciated in price during the week, higher than 52 equities in the previous week.

36 equities depreciated in price, lower than 53 equities in the previous week, while 41 equities remained unchanged, same as 41 recorded in the previous week.

CAP, Zichis Agro Allied Industries, FTN Cocoa Processors, RT Briscoe, and Dangote Sugar emerged as the top five gainers for the week, appreciating by N88.50, N11.58, N2.80, N4.36, and N23.30, respectively.

On the losers’ chart, Nigerian Aviation Handling Company, Guinness Nigeria, Access Holdings, MTN Nigeria and UPDC led the decliners, shedding N54.05, N94.40, N3.40, N113.90, and 60k, respectively.