Connect with us

Business

STOCK MARKET ROUNDUP: Eid el-Kabir break affects investments; Oando, Total lead gainers

Published

on

NSE: Equities market sheds N17bn as market indicators drop by 0.12%

The stock market recorded less investment this week compared to what was traded last week due to a two days Eid el-Kabir break between Tuesday and Wednesday.

During the three days trading period, the Nigerian bourse reported 896.174 million shares worth N5.235 billion in 11,714 deals.

This was in contrast to a total of 1.008 billion shares valued at N10.923 billion that exchanged hands last week in 17,297 deals.

Top three active sectors of the week

NGX reported that by measure of volume, the Financial Services Industry topped the activity chart with 718.570 million shares valued at N3.009 billion traded in 6,223 deals.

The next on the chart was the Consumer Goods segment which recorded 46.437 million shares worth N948.489 million exchanged in 1,856 deals.

They were followed by Conglomerates Industry, with a turnover of 39.798 million shares worth N207.132 million in 366 deals.

Top three equities

By measure of volume, Jaiz Bank Plc, Sterling Bank Plc and Fidelity Bank Plc, are the top three equities, accounting for 369.879 million shares worth N385.516 million in 785 deals.

Jaiz Bank Plc, Sterling Bank Plc and Fidelity Bank Plc ontribute 41.2 percent and 7.36 percent to the total equity turnover volume and value respectively.

Top five gainers of the week

Cutix share price rose by N1.18kobo to jump from N3.63kobo per share to N4.81kobo per share.

Total Nigeria stock value was up by N25.30kobo as the share price ended the week with N203.20kobo per share against the N168 it opened with.

Oando closed the week with N3.97kobo per share after gaining N0.68kobo to move above its opening of N3.29kobo per share.

United Capital was part of the gainers list as its stock price rose by N0.85kobo to move from its opening of N6.50kobo to end the week with N7.35kobo per share.

Unity Bank gained 12.96 percent during the week as its share price rose to N0.61kobo per share against the N0.54kobo that it started this week with.

Top five losers of the week

Smart Products Nigeria topped the losers list following a loss of N0.10kobo, which reduced its stock value to N0.16kobo at the end of trading, from N0.26kobo.

Sovereign Trust Insurance share price dropped to N0.29kobo by end of trade this week, having lost 12.12 percent from its opening share price of N0.33kobo.

READ ALSO: Market indices up by 0.21% as Fidelity Bank leads trading in Nigeria’s stock market

AIICO Insurance share price was down by 7.83 percent to end the week with N1.06kobo per share, against the N1.15kobo per share it started the week with.

Red Star Express share value also fell during the week, losing N0.16kobo from its opening stock price of N3.36kobo, to end trading with N3.20kobo per share.

Veritas Kapital lost 4 percent from its share price to end the week with N0.24kobo per share, below the N0.25kobo per share it started trading with.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now