The Nigerian Exchange Limited saw mixed sentiments on the trading floor this past week, which resulted in a gain of N15bn for investors.
Trading activities opened on a positive note at the start of the week but dipped on Thursday and rebounded on Friday for the All-Share Index and market capitalization to close at 52,187.93 points and N28.417tn respectively, marking a 0.05 percent depreciation.
Other indices finished higher except for NGX Main Board, NGX 30, NGX Oil & Gas, NGX Lotus II, NGX Industrial Goods, and NGX Growth which depreciated by 0.64 percent, 0.09 percent, 1.67 percent, 0.66 percent, 0.03 percent and 0.32 percent respectively while the NGX ASeM and NGX Sovereign Bond indices closed flat.
On the local bourse, a total of 3.029 bn units of shares worth N33.626 bn were exchanged in 29,505 deals in contrast to a total of 3.602 billion shares valued at N36.451 billion that exchanged hands the previous week in 27,801 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.095 bn shares valued at N21.847 bn traded in 14,008 deals; thus contributing 69.17 percent and 64.97 percent to the total equity turnover volume and value respectively.
The conglomerate’s industry followed with 398.558m shares worth N1.185 bn in 3,129 deals. The third place was the services industry, with a turnover of 270.111m shares worth N1.853 billion in 1,317 deals.
Trading in the top three equities namely Fidelity Bank Plc, Access Holdings Plc, and Transnational Corporation Plc, (measured by volume) accounted for 1.328 bn shares worth N8.159 bn in 5,286 deals, contributing 43.84 percent and 24.26 percent to the total equity turnover volume and value respectively.
Forty-four equities appreciated during the week lower than 48 equities in the previous week. Twenty-seven equities depreciated lower than 30 in the previous week, while 85 equities remained unchanged, higher than 78 recorded in the previous week.
Leading the gainers’ table for the week was FTN Cocoa Processors Plc, whose shares gained 37.50 percent to close at N0.44. Ikeja Hotel gained 30.13 percent to close the week’s trading at N2.03, PZ Cussons Nigeria’s shares appreciated by 28 percent to close at N16.00, Livestock Feed gained 27.45 percent to close at N1.30 and Cornerstone Insurance gained 23.08 percent to end the week at N0.80.
On the losers’ table, the Computer Warehouse Group led with a 25.60 percent loss to close at N1.54, Ardova followed with a 23.67 percent loss to close at N20.15, May & Baker Nigeria Plc lost 10.11 percent to close at N4.00, Honeywell Flour Mill lost 9.67 percent to close trading at 2.71 and McNichols Plc lost 9.33 percent to end the week’s activities priced at N0.68 per share.
