Stock Investors Gained N738 Billion Last Week

Investors made a whopping N738 billion last week as bullish sentiment pushed the market value of listed stocks above N22 trillion, the highest in almost a decade.

Investors traded total stocks of 2.570 billion worth N27.884 billion in 31,466 deals during the week, against a total of 4.288 billion shares valued at N25.989 billion that exchanged hands last week in 32,849 deals.

In terms of volume traded, the Financial Services Industry led the activity chart with 1.497 billion shares valued at N12.695 billion traded in 14,324 deals, therefore, contributing 58.22 percent and 45.53 percent to the total equity turnover volume and value, respectively.

The Conglomerates Industry came second with 363.263 million shares worth N821.428 million that exchanged hands in 1,722 deals. The third place was Consumer Goods Industry, with a turnover of 220.759 million shares worth N3.953 billion in 5,952 deals.

The three most traded stocks were during the week were Transnational Corporation of Nigeria, Union Bank of Nigeria Plc and Zenith Bank Plc. Together they accounted for 633.261 million shares worth N5.634 billion in 3,947 deals and contributed 24.64 percent and 20.20 percent to the total equity turnover volume and value, respectively.

Market value of listed equities rose above N22 trillion last week as investors pocketed N738 billion following an increase from N21.449 trillion recorded in the previous week to N22.187 trillion last week.

NSE All-Share Index gained 3.442 percent or 1,410.67 index points to 42,412.66 index points, up from 41,001.99 index points recorded in the previous week.

The Nigerian Stock Exchange has gained 5.32 percent in January 2021.

Champion Breweries led top gainers with a 59.49 percent gain. See the details below.