Prime Business Africa
A total turnover of 2.87 billion shares, worth N63.83 billion, was traded in 80,229 deals by investors on the floor of the Nigerian Exchange (NGX) between Monday and Wednesday.
The NGX, also known as the stock market, opened for three trading days this week due to the public holidays to commemorate the Christmas Celebration on Thursday, December 25, and Friday, December 26.
Join our WhatsApp ChannelAccording to the bourse’s data, the volume of trade this week was below the 9.84 billion shares exchanged in 126,584 deals, valued at N305.84 billion last week.
Top Three Industry Performance
The financial services industry, by volume, led the activity chart with 1.98 billion shares, valued at N32.68 billion, which were traded in 31,632 deals, representing a contribution of 68.99 percent and
51.20 percent to the total equity turnover volume and value, respectively.
With 208.69 million shares worth N2.264 billion, traded in 640 deals, the investment industry occupied the second position.
The cconglomerates Industry occupied the third place with a turnover of 147 million shares worth N6.08 billion in 1,676 deals.
Top three equities in the stock market
Abbey Mortgage Bank Plc, VFD Group Plc, and Custodian Investment Plc, by measure of volume, were the top three equities after accounting for 1.47 billion shares, worth N14.684 billion, in 1,093 deals.
The three companies contributed 51.15 percent and 23 percent to the total equity turnover volume and value, respectively.
Top five gainers of the week
ALEX share price rose by N4 to jump from N12.35 kobo per share to N16.35 kobo per share.
Austin Laz stock value was up by N0.78 kobo as the share price ended the week with N3.20 5kobo against the N2.42 kobo it opened with.
International Breweries closed the week with N14.50 kobo per share after gaining N2.50 kobo to move above its opening price of N12 per share.
Mecure was part of the gainers’ list as its stock price rose by N10.20 kobo to move from its opening of N55 to end the week with N65.20 kobo per share.
First HoldCo gained N8.05 during the week as its share price rose to N53 per share against the N44.95 kobo that it started this week with.
Top five losers of the week
Legend Internet topped the losers’ list following a loss of N0.65 kobo, which reduced its stock value to N4.90 kobo at the end of trading, from N5.55 kobo.
Champion Breweries’ share price dropped to N15 by the end of trade this week, having lost N1.95 kobo from its opening share price of N16.95 kobo.
NEM Insurance’s share price was down by N2.20 kobo to end the week with N24.10 kobo per share, against the N26.30 kobo per share it started the week with.
AXA Mansard share value also fell during the week, losing N1 from its opening stock price of N14, to end trading with N13 per share.
Associated Bus Company lost N0.23 kobo from its share price to end the week with N3.27 kobo per share, below the N3.50 kobo per share it started trading with.
