Stock Investors Gained N292 Billion Last Week

Investors in the Nigerian Exchange Limited gained N292 billion in the week ended July 2, 2021 as stock traders positioned for the first half of the year’s reports.

Investors traded 1.006 billion shares worth N10.330 billion in 17,165 deals in the week under review, against a total of 981.147 million shares valued at N10.384 billion that exchanged hands in 15,001 deals in the previous week.

In terms of the volume traded, the financial services industry led the activity chart with 646.404 million shares estimated at N5.199 billion traded in 8,996 deals, therefore, the sector contributed 64.26 percent and 50.33 percent to the total equity turnover volume and value, respectively.

This was trailed by the consumer goods industry with 108.587 million shares worth N2.257 billion but transacted in 3,213 deals. In third place was the conglomerates industry with a total turnover of 80.257 million shares valued at N179.134 million in 614 deals.

The top three most traded equities were Zenith Bank Plc, Transcorp Hotels Plc and Access Bank Plc. The three accounted for 207.341 million shares worth N2.510 billion in 2,774 deals and contributed 20.61 percent and 24.30 percent to the total equity turnover volume and value, respectively.

The market capitalisation of listed equities gained N292 billion or 1.49 percent from N19.627 trillion recorded in the previous week to N19.919 trillion last week.

While the Nigerian Exchange Limited All-Share Index gained 1.47 percent or 553.75 index points from 37,658.26 index points posted in the previous week to 38,212.01 index points last week.

The year-to-date decline of the index improved to -5.11 percent but 0.80 percent growth in the month of July or the third quarter so far.

All indices, with exception of NGX Oil/Gas and NGX Growth Indices, finished higher. while the NGX ASeM, NGX-AFR Bank Value Index, and NGX Sovereign Bond Indices closed flat.

Ikeja Hotel led gainers with a 60 percent increase in share price from N1 to N1.60 as shown below.  The Linkage Assurance Plc followed with 30.77 percent from N0.65 to N0.85. See the details below.