Stock Investors Gain N44.77bn

Stock Investors Gain N44.77bn

By
Nigerian Stock Exchange

Market activities at the close of the week ended moderately bullish as market capitalisation hit N28.647tn as of January 19, against N28.602tn recorded as of January 13, 2023.

Similarly, the NGX All-Share Index increased by 0.16 per cent to close the week at 52,594.68 from 52512.48 recorded the previous week.

Meanwhile, the total turnover of 1.241bn shares worth N15.668bn in 18,560 deals was traded by investors on the floor of the Exchange compared to a total of 1.286bn shares valued at N29.634bn that exchanged hands last week in 19,816 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.010bn shares valued at N5.924bn traded in 9,165 deals; thus contributing 81.37 per cent and 37.81 per cent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 46.761 million shares worth N112.918 million in 641 deals. The Consumer Goods Industry, with a turnover of 42.121 million shares worth N2.134bn in 2,886 deals.

Trading in the top three equities namely Veritas Kapital Assurance Plc, Sterling Bank Plc, and Guaranty Trust Holding Company Plc, (measured by volume) accounted for 605.879 million shares worth N2.120bn in 1,631 deals, contributing 48.82 per cent and 13.53 per cent to the total equity turnover volume and value respectively.

39 equities appreciated in price during the week, lower than 51 equities in the previous week.

30 equities depreciated at a price higher than 27 in the previous week, while 88 equities remained unchanged, higher than 79 equities recorded in the previous week.

International Energy Insurance Plc topped the gainers’ chart for the week with 28.95 per cent from N0.38 kobo per share to close at N0.49 kobo per share while MRS Oil Nigeria Plc followed closely with a gain of N1.90 kobo to close at N16.00 kobo per share.

Also, Nigerian Aviation Handling Company Plc grew by 12.86 per cent to close at N7.90 kobo per share, Sunu Assurances Nigeria Plc followed with 12.12 per cent to close at N0.37 kobo per share and Abbey Mortgage Bank completes the top five with 9.80 per cent from N1.68 kobo per share.

Read More

You may also like

Hot News