Business
Weekly roundup: Investors trade N33.899bn worth of shares, UBA, Zenith among week’s top equities
The stock market closed this week with equity traders exchanging N33.899 billion for 1.963 billion shares in 30,827 deals.
According to the weekly report, this is slightly above the N33.626 billion traded the week before for 3.029 billion shares in 29,505 deals.
Top NGX performing sector
By measure of volume, the Financial Services Industry was the top performing sector, recording 1.463 billion shares valued at N18.028 billion traded in 15,593 deals.
The Conglomerates Industry took the second spot, as investors exchanged 111.180 million shares, worth N371.360 million, on its floor in 1,590 deals.
Also, the Consumer Goods Industry made the list, coming third after recording 106.594 million shares, worth N2.544 billion, in 4,641 deals.
Top three equities
United Bank for Africa (UBA) Plc, Access Holdings Plc and Zenith Bank Plc accounted for 800.611 million shares worth N11.751 billion in 7,351 deals.
By measure of volume, UBA, Access Holdings and Zenith Bank were the top three equities, having contributed 40.78 per cent and 34.66 per cent to the total equity turnover volume and value respectively.
Top five gainers of the week
FTN Cocoa stock gained N0.24kobo, ending the week with N0.68kobo per share, higher than the N0.44kobo it started with.
RT Briscoe’s share rose to N0.38kobo per share, from N0.27kobo per share, gaining N0.11\kobo.
Chams saw its stock price rise by N0.11kobo, to end the week with N0.41kobo, in contrast to the opening price of N0.30kobo.
Tripple Gee’s share value grew to N3.90kobo per share, increasing by N0.95kobo, from N2.95kobo.
University Press’ share closed the week at N2.25kobo per share from N1.87kobo per share, appreciating by N0.38kobo.
Top five losers of the week
Sovereign Trust Insurance’s share lost 20 per cent, to settle at N0.36kobo, below the N0.45kobo it opened the week with.
Chellarams’ share lost N0.34kobo, to close at N1.47kobo per share, against the opening price of N1.81kobo per share.
Ardova also reported a loss of N2.80kobo, dropping the share to N17.35kobo per share, from N20.15kobo per share.
Royal Exchange’ share dropped to N0.48kobo, losing 7.69 per cent, from the N0.52kobo per share it started trading with.
Neimeth’s share fell from N1.50kobo to N1.39kobo per share, losing N0.11kobo within four days.
Join the conversation
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.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...