Weekly Review: Stock market rakes in N8.137trn gain

The Nigerian Exchange Ltd.(NGX) All-Share Index and market capitalisation appreciated by 6.95 per cent to close the week at 194,989.77 and N125.164 trillion respectively.

This compares with the previous week’s figures of 182,313.08 and N117.027 trillion.

Consequently, investors gained N8.137 trillion during the week under review.

Similarly, all other indices finished higher with the exception of NGX Growth index which depreciated by 15.06 per cent while the NGX Sovereign Bond index closed flat.

Further analysis revealed that a total turnover of 7.662 billion shares worth N252.566 billion in 345,118 deals was traded this week by investors on the floor of the Exchange.

This is in contrast to a total of 4.652 billion shares valued at N193.326 billion that exchanged hands last week in 286,751 deals.

The Financial Services Industry led the activity chart with 5.625 billion shares valued at N113.599 billion traded in 129,729 deals.

This contributed 73.41 per cent and 44.98 per cent to the total equity turnover volume and value respectively.

The Services Industry followed with 493.131 million shares worth N5.866 billion in 30,396 deals.

The third place was the Oil and Gas Industry, with a turnover of 425.657 million shares worth N35.742 billion in 23,136 deals.

Trading in the top three equities, namely FCMB Group Plc, Access Holdings Plc and Zenith Bank Plc accounted for 3.594 billion shares worth N69.147 billion in 33,802 deals.

This contributed 46.90 per cent and 27.38 per cent to the total equity turnover volume and value respectively.

Seventy-one equities appreciated in price during the week, lower than 79 equities in the previous week.

Also, 41 equities depreciated in price, higher than 27 equities in the previous week, while 36 equities remained unchanged, lower than 42 recorded in the previous week.

Zichis Agro Allied, Japaul Gold Ventures, Infinity Trust Mortgage Bank, Fortis Global Insurance and Jaiz Bank were the top five gainers for the week and they gained N6.56, N1.51, N5.85, 21k and N2.70 respectively.

On the other hand, the top five losers for the week were: RT Briscoe, Mecure Industries, Tripple Gee, Sovereign Trust Insurance and Ellah Lakes.

The companies lost N3.62, N19.75, N1.25, 48k and N2.20 respectively.

NGX notified the Trading License Holders that Dangote Cement Plc’s Series 1 Commercial Paper of N19.9 billion and Series 2 Commercial Paper of N99.9 billion under the N500 billion Commercial Paper Issuance Programme was listed on Wednesday, Feb. 18.