Stock Market Investors Traded 2.4bn Shares Worth N76.6bn in Five Days

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About 2.42 billion shares valued at N76.62 billion were traded in 126,591 deals between October 13 and October 17, according to the Nigerian Exchange (NGX).

Although the shares increased marginally, data from the bourse showed that the value represents a 15.13 per decrease compared to 2.28 billion shares worth N90.28 billion traded in 138,177 deals the previous week.

The NGX also said the market closed the week bullish, with the all-share index (ASI) appreciating by 1.35 percent to close at 148,977.64 points, while market capitalisation increased by 1.36 percent to N94.56 trillion.

TOP PERFORMING SECTORS 

The financial services industry maintained its lead on the activity chart, accounting for 1.66 billion shares worth N32.57 billion traded in 56,253 deals.

This marks a 68.65 percent and 42.5 percent of the total equity turnover volume and value, respectively.

“The ICT Industry followed with 184.884 million shares worth N8.662 billion in 11,500 deals. Third place was the Services Industry, with a turnover of 154.537 million shares worth N1.066 billion in 5,975 deals,” NGX added.

TOP THREE EQUITIES

The bourse said the top three equities were Consolidated Hallmark Holdings Plc, Fidelity Bank Plc, and Access Holdings Plc.

The three companies accounted for 618.55 million shares valued at N9.22 billion in 9,277 deals.

The firms, the organisation said, contributed 25.54 percent and 12.03 percent of total turnover volume and value, respectively.

TOP GAINERS OF THE WEEK

According to the report, Sovereign Trust Insurance PLC led the gainers chart with an 11.21 percent rise, closing at a price of N3.57 per share from N3.21 kobo where it started the week with.

Next on the list is Royal Exchange Plc, which gained 11.11 percent to close at N2.40 kobo — up from N2.16 kobo.

Interlinked Plc was also said to have recorded a price appreciation, moving from N44 to N48.40 kobo — up by 10 percent.

The NGX said SPS Real Estate Investment Trust advanced 9.88 percent as its share price rose from N381.10 kobo to N418.75 kobo.

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Omatek Ventures Plc’s price rose 9.49 percent from N1.17 kobo to N1.50 kobo.

TOP FIVE DECLINERS OF THE WEEK

The NGX said Tripple Gee and Company Plc led the losers’ chart, falling 18.84 percent from N6.05 to N4.91 kobo.

Academy Press Plc shed 17.92 percent of its price, closing at N7.88 kobo from N9.60 kobo.

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The bourse further said Regency Assurance Plc declined by 13.94 percent, from N1.65 to N1.42 kobo.

LivingTrust Mortgage Bank Plc lost 17.92 percent, closing at N7.88 kobo from N9.60 kobo.

In addition, Industrial and Medical Gases Nigeria Plc lost 9.87 percent to close at N32.40 per share.

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