Stock Investors Gained N371 Billion as Honeywell Flour Top Gainers This Week

Investors at the Nigerian Exchange Limited (NGX) gained N371 billion this week as stocks of Honeywell Flour Mill Plc, N Nig. Flour Mills Plc, Airtel Africa Plc and others led gainers.

Investors traded total shares of 1.610 billion worth N12.586 billion in 18,622 deals this week, against a total of 989.593 million shares valued at N8.183 billion that exchanged hands last week in 19,617 deals.

The Financial Services Industry led the activity chart with 584.793 million shares valued at N3.728 billion traded in 8,658 deals. Therefore, contributing 36.32 percent and 29.62 percent to the total equity turnover volume and value, respectively.

The Consumer Goods Industry followed with 525.860 million shares worth N3.655 billion in 3,553 deals. The third place was Natural Resources Industry, with a turnover of 250.928 million shares worth N1.376 billion in 72 deals.

Honeywell Flour Mills Plc, B.O.C. Gases Plc and Flour Mills Nigeria Plc were the most traded stocks this week. The three accounted for a combined 724.067 million shares worth N3.909 billion in 1,061 deals. They contributed 44.97 percent and 31.06 percent to the total equity turnover volume and value, respectively.

NGX All Share Index gained 1.83 percent or 711.59 index points to close at 39,522.34 index points this week, up from 38,810.75 index points posted last week. The bourse year-to-date return stood at -1.86 percent.

The market value of listed stocks also appreciated by 1.83 percent or N371 billion to N20.592 trillion, up from N20.22 trillion recorded last week.

Similarly, all other indices finished higher with the exception of NGX Premium, NGX Insurance, NGX ASem, NGX AFR Div Yield and NGX Industrial Goods indices which depreciated by 0.17 percent, 2.37 percent, 2.82 percent, 0.24 percent and 1.35 percent, respectively, while the NGX Growth Index closed flat.