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NGX ROUNDUP: Investors pump N22bn into Nigerian bourse as Wema Bank, International Breweries end weak

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The Nigerian stock reported investors traded 2.179 billion shares worth N21.963 billion in 22,438 deals this week.

This week’s investment was above the N16.183 billion pumped into the bourse for 2.187 billion shares traded in 14,377 deals the previous week.

Top NGX performing sector

The Financial Services Industry, the Conglomerate, and the ICT Industry were the top performing sectors at the end of the week based on volume of trades.

Financial Services Industry traded 1.770 billion shares worth N18.058 billion in 12,942 deals. The Conglomerates Industry recorded 93.178 million shares traded in 736 deals, valued at N169.819 million.

The ICT Industry came next with investors trading 62.006 million shares worth N1.187 billion in 861 deals.

Top three equities

This week ended with First Bank maintaining its presence on the top three equities of the week, with Universal Insurance and Fidelity Bank joining the lender on the list.

The top three equities accounted for 53.28 percent and 56.18 percent of the total equity turnover volume and value respectively.

Between First Bank, Universal Insurance and Fidelity Bank, investors traded 1.161 billion shares worth N12.338 billion in 3,460 deals during the five days of trading.

Top five NGX gainers of the week

University Press share price rose by N0.35kobo to jump from N1.23kobo per share to N1.58kobo per share.

First Bank stock value gained N1.75kobo as the share price ended the week with N9.80kobo per share against the N8.05 it opened with.

Courtville closed the week with N0.41kobo per share, rising by 17.14 percent to move above its opening of N0.35kobo per share.

Read also: NGX ROUNDUP: SCOA shareholders continue to dump shares as UPDC top week’s gainers

Ecobank was part of the gainers list as its stock price rose by 16.67 percent to move from its opening of N5.40kobo to end the week with N6.30kobo per share.

Pharmadeko appreciated by N0.25kobo during the week as its share price rose to N2.60kobo per share against the N2.35kobo that it started this week with.

Top five NGX losers of the week

Cornerstone Insurance topped the losers list following a loss of 12.07 peecent, which reduced its stock value to N0.51kobo at the end of trading, from N0.58kobo.

Morison share price dropped to N1.89kobo by end of trade this week, having lost N0.21kobo from its opening share price of N2.10kobo per share.

BOC Gases share price was down by N1.15kobo to end the week with N10.50kobo per share, against the N11.65kobo per share it started the week with.

Regency Assurance share value also fell during the week, losing 9.09 percent from its opening stock price of N0.44kobo to end trading with N0.40kobo per share.

Academy Press lost 7.69 percent from its share price to end the week with N0.36kobo per share, below the N0.39kobo per share it started trading with.

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