Equity investors gain N5.5trn in one week
The Nigerian equity market investors gained N5.5 trillion as the market enjoyed a boom in all five trading sessions, last week. Market capitalisation soared to N145.3 trillion from N139.8 trillion recorded in the previous week while the All-Share Index (ASI) appreciated by 3.94% to close the week at 225,722.49 points up from the 217,167.57 points […]
The Nigerian equity market investors gained N5.5 trillion as the market enjoyed a boom in all five trading sessions, last week.
Market capitalisation soared to N145.3 trillion from N139.8 trillion recorded in the previous week while the All-Share Index (ASI) appreciated by 3.94% to close the week at 225,722.49 points up from the 217,167.57 points recorded the previous week.
The market began the week on Monday, on a bullish note, with investors gaining N608 billion by the end of the trading session.
The trend continued on Tuesday, as investors gained N88 billion, while the market gained N861 billion at the close of trading on Wednesday.
The market closed positively on Thursday, with investors gaining N2 trillion.
And on Friday, the market closed on a positive trend with N1.8 trillion again.
A total turnover of 3.805 billion shares worth N213.955 billion in 297,202 deals was traded in the week by investors on the floor of the Exchange, in contrast to a total of 3.588 billion shares valued at N195.313 billion that exchanged hands last week in 254,553 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.739 billion shares valued at ₦106.269 billion traded in 135,101 deals: thus contributing 71.99% and 49.67% to the total equity turnover volume and value respectively.
The Services Industry followed with 212.324 million shares worth ₦4.024 billion in 17,042 deals.
In third place was the Consumer Goods Industry, with a turnover of 180.076 million shares worth N13.269 billion in 32,457 deals.
Trading in the top three equities, namely Access Holdings Plc, United Bank for Africa Plc and FirstHoldCo Plc (measured by volume), accounted for 814.060 million shares worth N39.032 billion in 37,195 deals, contributing 21.40% and 18.24% to the total equity turnover volume and value respectively.
Forty-six (46) equities appreciated in price during the week, lower than sixty-one (61) equities in the previous week. Fifty-three (53) equities depreciated in price, higher than thirty-six (36) equities in the previous week, while forty-seven (47) equities remained unchanged, lower than forty-nine (49) recorded in the previous week.
UAC Nigeria Plc recorded the biggest share price increase in percentage, gaining 42.00% followed by Union Dicon Salt Plc, which increased its share price by 32.73% in the process.
Nascon Allied Industries Plc also increased its share price by 32.63%
On the flip side, Infinity Trust Mortgage Bank Plc recorded the biggest share price decline in percentage, losing 50.79% followed by Abbey Mortgage Bank Plc, which decreased its share price by 33.33% in the process.