NGX Turnover Rises 475% to N637bn

Investors exchanged 7.62 billion shares worth N637.83 billion in 192,138 deals on the Nigerian Exchange Limited (NGX) in the week ended October 30.

According to the NGX weekly market report, trading volume increased by 276.4 percent, while the value of transactions rose by 475.7 percent.

The turnover value rose from N110.77 billion recorded in the previous week, when 2.02 billion shares were traded in 173,113 deals.

The bourse closed higher during the week, with the all-share index (ASI) and market capitalisation appreciating by 2.86 percent to 254,299.49 points and N165.11 trillion, respectively.

FINANCIAL SERVICES LEADS TRADING

The financial services industry led trading activity by volume, accounting for 6.99 billion shares valued at N573.49 billion in 85,998 deals.

The sector contributed 91.75 percent of total equity turnover volume and 89.91 percent of the value traded during the week.

The consumer goods industry followed, with 164.65 million shares worth N7.2 billion exchanged in 20,297 deals.

The report said the services industry ranked third, recording a turnover of 93.28 million shares valued at N1.57 billion in 9,932 deals.

FIRST HOLDCO, GTCO AMONG MOST TRADED STOCKS

First Holdco Plc, Guaranty Trust Holding Company Plc (GTCO) and United Bank for Africa Plc (UBA) were the three most-traded equities by volume during the week.

The NGX weekly report said the companies recorded a combined turnover of 6.096 billion shares valued at N544.44 billion in 27,001 deals.

The three equities accounted for 80.02 percent of total equity turnover volume and 85.36 percent of the value traded.

TOP GAINERS OF THE WEEK

Dangote Cement Plc led the gainers’ chart after its share price rose by 27.81 percent to N1,420 from N1,111.

Honeywell Flour Mill Plc followed, appreciating by 25.98 percent to N22.55 from N17.9.

UPDC Real Estate Investment Trust gained 20.57 percent, with its share price increased to N21.1 from N17.5.

Sovereign Trust Insurance Plc advanced by 20.51 percent to N2.35 from N1.95, while Eterna Plc completed the top five gainers, rising by 9.9 percent to N42.75 from N38.9.

TOP LOSERS OF THE WEEK

Caverton Offshore Support Group Plc recorded the biggest decline, with its share price falling by 25 percent to N3.6 from N4.8.

Livestock Feeds Plc followed, shedding 21.99 percent to close at N13.3 from N17.05.

The bourse said Austin Laz & Company Plc declined by 17.54 percent to N2.35 from N2.85, while First Holdco Plc lost 17.31 percent to close at N119.15 from N144.10.

Guinea Insurance Plc completed the top five losers, dropping by 17.2 percent to N0.77 from N0.93.