Stock Investors Gained N137 Billion Last Week

Investors at the Nigerian Exchange Limited gained N137 billion last week as more stocks closed in the green.

During the week, investors traded a total of 989.593 million shares worth N8.183 billion in 19,617 deals, against a total of 1.374 billion shares valued at N11.823 billion that exchanged hands last week in 22,982 deals.

In terms of volume traded, the Financial Services Industry led the activity chart with 603.656 million shares valued at N3.864 billion traded in 9,337 deals. Therefore, contributing 61.00 percent and
47.22 percent to the total equity turnover volume and value, respectively.

The Conglomerates Industry followed with 102.233 million shares worth N133.987 million in 846 deals. The third place was Consumer Goods Industry, with a turnover of 80.979 million shares worth N1.250 billion in 2,902 deals.

The top three most traded equities were the Transnational Corporation Of Nigeria Plc, Sterling Bank Plc and FBN Holdings Plc. The three accounted for a combined 210.187 million shares worth N554.388 million in 1,414 deals, contributing 21.24 percent and 6.77 percent to the total equity turnover volume and value, respectively.

Market capitalisation of listed equities gained N137 billion or 0.68 percent from N20.084 trillion filed in the previous week to N20.221 trillion last week.

The NGX All-Share Index gained 0.68 percent or 263.67 index points from 38,547.08 index points in the previous week to 38,810.75 index points last week.

Cutix Plc led gainers with 17.95 percent to settle at N5.65 a share while Regency Assurance Plc followed with 14.29 percent to close the week at 0.48 a unit.

Conoil Plc came third with a 10 percent gain to end the week at N20.35 a unit share.