Event, Arts and Entertainment

Equity market rebounds as investors gain N15bn

NSE Daily Market Summary

The Nigerian Exchange Limited saw mixed sentiments on the trading floor this past week, which resulted in a  gain of N15bn for investors.

Trading activities opened on a positive note at the start of the week but dipped on Thursday and rebounded on Friday for the All-Share Index and market capitalisation to close at 52,187.93 points and N28.417tn respectively, marking a 0.05 per cent depreciation.

So This Happened (205) Reviews Matawalle’s EFCC Probe, US Embassy Staff Convoy Attack, Other | Punch

Other indices finished higher except for NGX Main Board, NGX 30, NGX Oil & Gas, NGX Lotus II, NGX Industrial Goods, and NGX Growth which depreciated by 0.64 per cent, 0.09 per cent, 1.67 per cent, 0.66 per cent, 0.03 per cent and 0.32 per cent respectively while the NGX ASeM and NGX Sovereign Bond indices closed flat.

Read:  Showmax, TikTok announce top 15 finalists in the #NaijaComedyFestival Challenge

On the local bourse, a total of 3.029 bn units of shares worth N33.626 bn were exchanged in 29,505 deals in contrast to a total of 3.602 billion shares valued at N36.451 billion that exchanged hands the previous week in 27,801 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.095 bn shares valued at N21.847 bn traded in 14,008 deals; thus contributing 69.17 per cent and 64.97 per cent to the total equity turnover volume and value respectively.

The conglomerates industry followed with 398.558m shares worth N1.185 bn in 3,129 deals. The third place was the services industry, with a turnover of 270.111m shares worth N1.853 billion in 1,317 deals.

Read:  Nigerians to pay N1,000 NIN fee for passports

Trading in the top three equities namely Fidelity Bank Plc, Access Holdings Plc and Transnational Corporation Plc, (measured by volume) accounted for 1.328 bn shares worth N8.159 bn in 5,286 deals, contributing 43.84 per cent and 24.26 per cent to the total equity turnover volume and value respectively.

Forty-four equities appreciated during the week lower than 48 equities in the previous week. Twenty-seven equities depreciated lower than 30 in the previous week, while 85 equities remained unchanged, higher than 78 recorded in the previous week.

Leading the gainers’ table for the week was FTN Cocoa Processors Plc, whose shares gained 37.50 per cent to close at N0.44. Ikeja Hotel gained 30.13 per cent to close the week’s trading at N2.03, PZ Cussons Nigeria’s shares appreciated by 28 per cent to close at N16.00, Livestock Feed gained 27.45 per cent to close at N1.30 and Cornerstone Insurance gained 23.08 per cent to end the week at N0.80.

Read:  One Night Stand With MC Abbey

On the losers’ table, the Computer Warehouse Group led with a 25.60 per cent loss to close at N1.54, Ardova followed with a 23.67 per cent loss to close at N20.15, May & Baker Nigeria Plc lost 10.11 per cent to close at N4.00, Honeywell Flour Mill lost 9.67 per cent to close trading at 2.71 and McNichols Plc lost 9.33 per cent to end the week’s activities priced at N0.68 per share.


Related posts

Edo 2020: We’re 95 per cent ready – Edo Govt


Patoranking launches Africa Reggae & Dance Festival


Ramsey Nouah, Toke Makinwa, Omawunmi Megbele step out in style to attend Facebook/Afrinolly partnership launch


Jemiriye thrill fans at Pittsburgh Airport


Wizkid is first African artiste to hit 8 million listeners


With love from Uber; Win incredible gifts this Valentine


Leave a Comment