Stock Investors Gain N83bn this Week as Cadbury, Nigerian Brew, Others Close in Green

The Nigerian Stock Exchange closed the week in the green this week as stocks of Cadbury Nigeria Plc, Nigerian Breweries, Unilever Nigeria Plc, C&I Leasing Plc and others closed the week strong.

Investors traded total shares of 1.327 billion valued at N13.934 billion in 19,392 transactions during the week, against 1.065 billion shares worth N10.798 billion traded in 20,482 deals in the previous week.

A break down of the week activities showed the financial services sector led in terms of volume traded with 887.545 million shares worth N8.360 billion that were traded in 10,161 transactions and contributed 66.79 percent and 60 percent to the total equity turnover volume and value, respectively.

This was followed by the conglomerates industry with 155.956 million shares valued at N187.728 million but exchanged in 828 deals.

Consumer Goods Industry came third with a total turnover of 141,099 million shares worth N2.229 billion traded in 3,403 deals.

Guaranty Trust Bank Plc, Transnational Corporation of Nigeria Plc and Zenith Bank Plc led top equities traded during the with a combined 419.455 million shares valued at N6.079 billion in 3,856 transactions and contributed 31.60 percent and 43.63 percent to the total equity turnover.

Investors traded 175,326,302 shares worth N1,425,491,034 in 4,294 deals on Monday. On Tuesday, a total of 206,609,577 valued at N2,475,184,309 were exchanged in 3,925 deals.

Investors exchanged 204,878,098, 258,081,869 and 482,518,333 worth N3,830,335,680, N1,678,313,748 and N4,524,421,447 in 3,636, 3,640 and 3,897 deals on Wednesday, Thursday and Friday, respectively.

The market capitalisation of listed equities gained N83 billion from N13.063 trillion it closed last week to N13.146 trillion this week.

While NSE All-Share Index gained 0.63 percent or 157.95 basis points from 25,041.89 bps last week to 25,199.84 bps this week.

The Exchange has gained 2.05 percent this month and 2.94 percent in the quarter to reduce the year-to-date loss to 6.12 percent.