Stocks Market Investors Gained N376 Billion Last Week

Investors at the Nigerian Exchange Limited gained N376 billion last week as more stocks closed in the green.

In the three days trading week, investors traded 896.174 million shares worth N5.235 billion in 11,714 transactions during the week, against a total of 1.008 billion shares valued at N10.923 billion that exchanged hands in the previous week in 17,297 deals.

In terms of volume traded, Financial Services Industry led the activity chart with 718.570 million shares valued at N3.009 billion traded in 6,223 deals, therefore, contributing 80.18 percent and 57.48 percent to the total equity turnover volume and value, respectively.

The Consumer Goods followed with 46.437 million shares worth N948.489 million in 1,856 deals. The third place was Conglomerates Industry, with a turnover of 39.798 million shares worth N207.132 million in 366 deals.

The three most traded equities were Jaiz Bank Plc, Sterling Bank Plc and Fidelity Bank Plc. The three accounted for a combined 369.879 million shares worth N385.516 million in 785 deals. The three contributed 41.27 percent and 7.36 percent to the total equity turnover volume and value, respectively.

The Nigerian Exchange Limited (NGX) All-Share Index gained 1.9 percent or 720.72 index points from 37,947.18 index points post in the previous week to 38,667.90 index points last week.

While the market capitalisation of listed equities gained N376 billion or 1.90 percent to N20.147 trillion, up from N19.771 trillion recorded in the previous week.

Similarly, all other indices finished higher with the exception of NGX Insurance and NGX ASeM indices which depreciated by 0.74 percent and 0.31 percent respectively, while the NGX Growth Index closed flat.

Cutix Plc led gainers with 32.51 percent to close the week at N4.81 a unit. Total Nigeria Plc followed with a 20.95 percent gain from N168.00 per share posted in the previous week to settle N203.20 a unit. See the details.