A total of 3.57 billion shares valued at N107.01 billion were traded in 146,429 deals on the stock market between November 3 and November 7, according to the Nigerian Exchange Limited (NGX).
The NGX weekly market report showed that the transaction value was lower compared to the previous week, when investors traded 7.47 billion shares valued at N145.42 billion in 159,487 deals.
The figure indicates a 26.41 percent turnover decrease within the five-day period, signalling a spillover effect of United States President Donald Trump’s threat of military action in Nigeria.
Also, the NGX said the market capitalisation depreciated to N94.99 trillion this week, from the N97.82 trillion reported the previous week.
According to the bourse, the decline followed a 2.99 percent drop in the all-share index (ASI), which fell from 154,126.46 ASI to 149,524.81 ASI.
TOP PERFORMING SECTORS
The report showed that the financial services industry was the top-performing sector by volume of shares traded, as investors exchanged 2.94 billion shares valued at N65.90 billion in 62,817 deals.
According to NGX, the sector contributed 82.39 percent and 61.59 percent to the total equity turnover volume and value, respectively.
The services industry followed with 147.325 million shares traded in 7,656 deals, worth N1.51 billion.
Third place was the consumer goods industry, with a turnover of 147.30 million shares worth N11.19 billion in 18,644 deals.
TOP THREE EQUITIES
The bourse said Fidelity Bank Plc, FCMB Group Plc, and Aso Savings & Loans Plc were the top three traded stocks by volume.
The three companies, according to the exchange’s data, accounted for 1.28 billion shares, worth N19.30 billion in 11,536 deals.
Together, NGX said they contributed 36.03 percent and 18.08 percent to the total equity turnover volume and value, respectively.
TOP GAINERS OF THE WEEK
On the gainers’ chart, NCR (Nigeria) Plc rose N3.35 kobo to close at N19.35 kobo per share, up from the N16 it started the week with.
Following on the list is Eunisell Interlinked Plc, after jumping by N11.90 kobo from N59 to N70.90 kobo.
The share price of Union Dicon Salt Plc rose by N0.70 kobo to end the week at N7.75 kobo — up from its opening price of N7.05 kobo.
Honeywell Flour Mill Plc’s share value grew to N21.90 kobo per share, recording an increase of N1.90 kobo from N20.
Also, the shares of UPDC Plc closed the week at N6.59 per share from N6.17 kobo, appreciating by N0.42 kobo.
TOP DECLINERS OF THE WEEK
The NGX analysis showed that Sovereign Trust Insurance Plc lost N1.10 kobo to close at N2.80 kobo, falling below the N3.90 kobo it opened the week with.
Also, C & I Leasing Plc lost N1.27 kobo to close at N5.03 per share, against the opening price of N6.30 kobo.
Skyway Aviation Handling Company Plc share price fell from N99.50 kobo to N80.60 kobo per share, losing N18.90 kobo.
The share price of Berger Paints Plc closed with N35.10, recording a loss of N7.40 kobo from the N42.50 kobo per share it started trading with.
International Energy Insurance Plc also recorded a loss of N0.50 kobo as its share price dropped to N2.44 kobo per share from N2.94 kobo.
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