Investors gain N350bn on NGX as Mutual Benefits leads gainers' chart
Stock market investors traded 7.521 billion shares worth N398.949 billion in 61,312 deals this week on the floor of the Nigerian Exchange Ltd., NGX.
This is in contrast to 2.902 billion shares valued at N48.064 billion that exchanged hands in 57,044 transactions last week.
Consequently, the value of transactions traded by investors on the Exchange soared by 730 per cent as inventors gain N350.885.
Trading in the top three equities namely Lafarge Africa Plc, Sovereign Trust Insurance Plc and Cutix Plc which accounted for 5.546 billion shares worth N332.381 billion in 1,300 deals.
This contributed to 73.73 per cent and 83.31 per cent to the total equity turnover volume and value respectively.
The Industrial Goods led the activity chart with 4.923 billion shares valued at N331.999 billion traded in 2,969 transactions.
This contributed 65.46 per cent and 83.22 per cent to the total equity turnover volume and value respectively.
The Financial Services industry followed with 2.092 billion shares worth N 31.744 billion in 32,421 deals.
The third place was the Services Industry, with a turnover of 198.775 million shares worth N788,669 million in 3,450 transactions.
The NGX All-Share Index and Market Capitalisation appreciated by 0.66 per cent to close the week at 105,660.64 and N66.257 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX Oil/Gas and NGX Commodity Indices which depreciated by 1.65 per cent and 0.76 per cent respectively while the NGX AseM index closed flat.
Forty-three equities appreciated in price during the week, higher than 32 equities in the previous week.
Thirty six equities depreciated in price, lower than 48 in the previous week, while 71 equities remained unchanged, lower than 70 recorded in the previous week.
Mutual Benefits Assurance, Sunu Assurance, Abbey Mortgage Bank, Royal Exchange and eTranzact International were the top five gainers for the week, as they grew in 56.72 per cent, 33.27 per cent, 31.39 per cent, 31.25 per cent and 19.79 per cent respectively.
The companies gained 38k, N1.66, N1.13, 25k and 95k respectively.
The top five decliners for the week are: Africa Prudential, CWG, John Holt, UH Real Estate Investment Trust and United Capital as they lost N19.95, N1, 86k, N5.65 and N1.80 respectively.
NAN
