IN DETAIL: N94bn shares traded on Nigerian bourse in five days — down by 30%

The Nigerian Exchange (NGX) recorded a turnover of 4.16 billion shares valued at N94.02 billion in 248,254 deals between January 5 and January 10.

According to the NGX stock market weekly report, the figures represent a decline compared with the previous week, when investors traded 7.82 billion shares worth N134.47 billion in 150,799 deals.

This indicates that trading activity weakened by 30 percent within the period.

Also, the NGX said market capitalisation appreciated by 3.84 percent to N103.77 trillion during the week, up from N99.93 trillion recorded in the previous week.

The report attributed the increase to a 3.71 percent rise in the all-share index (ASI), which climbed from 156,492.36 points to 162,298.08 points.

FINANCIAL SERVICE TOPS PERFORMANCE

The financial services industry led the market by volume of shares traded, with investors exchanging 2.65 billion shares valued at N35.95 billion in 93,706 deals.

The NGX report said this accounted for 63.67 percent of the total equity turnover volume and 38.24 percent of the total value,

The services industry followed, recording 369.96 million shares worth N3.38 billion in 16,521 deals.

In third place was the ICT industry, which posted a turnover of 297.93 million shares valued at N5.72 billion across 21,548 deals.

TOP THREE EQUITIES

The top three trading equities during the period under review were Universal Insurance Plc, Linkage Assurance Plc, and Access Holdings Plc.

Measured by volume, the three equities accounted for 1.26 billion shares worth N5.06 billion in 13,819 deals.

According to the NGX, this contributed 30.28 percent to the total equity turnover volume and 5.38 percent to the total value.

TOP FIVE GAINERS OF THE WEEK

Multiverse Mining and Exploration Plc recorded the highest gain, as its share price increased by N8.75 kobo to close the week at N23.4 kobo, up from N14.65 kobo.

McNichols Plc’s share price rose to N5.5 kobo from N3.59 kobo, gaining N1.91 kobo.

Mayer & Baker Nigeria Plc also gained, with its share price rising by N9.8 kobo to close at N28.8 kobo, compared with an opening price of N19.

Deap Capital Management and Trust Plc’s shares appreciated by N0.91 kobo to close at N3 per share, up from N2.09.

Similarly, Neimeth International Pharmaceuticals Plc ended the week at N8.45 kobo per share, up from N5.9 kobo, reflecting a gain of N2.55 kobo.

TOP FIVE LOSERS OF THE WEEK

On the losers’ chart, Aluminium Extrusion Industries Plc shed N23.8 kobo to close at N19.1 kobo, compared with its opening price for the week.

Austin Laz and Company Plc lost N0.54 kobo to close at N4.13 kobo per share, down from N4.67 kobo.

Sovereign Trust Insurance Plc share value declined by 11.29 percent to N3.38 kobo per share, losing N0.43 kobo from its opening price of N3.81.

Ikeja Hotel Plc’s share price dropped from N44.9 kobo to N40 per share, representing a loss of N4.9 kobo over the five-day trading period.According to the report, Juli Plc also recorded a loss of 9.93 percent, as its share price fell to N7.26 kobo from N8.06.

IN DETAIL: N94bn shares traded on Nigerian bourse in five days — down by 30%