Thomas Wyatt Shares up 30.84% in One Week as NGX Turnover Shrinks 39%

By Dipo Olowookere

Last week was bullish for Thomas Wyatt Plc as its share price improved by 30.84 per cent in the five-day trading week to N2.80 from the preceding week’s N2.14.

The paper conversion and printing company led the gainers’ chart of 38 equities in the week. in the preceding week, the table had 30 members.

ABC Transport gained 23.08 per cent to sell at 80 Kobo, Consolidated Hallmark Insurance rose by 12.75 per cent to N1.15, BUA Cement improved by 12.55 per cent to N105.80, and McNichols increased its value by 10.00 per cent to 66 Kobo.

On the flip side, the losers’ log of 33 stocks was led by Prestige Assurance, which fell by 10.00 per cent to sell at 45 Kobo. In the earlier week, the chart had 36 members.

Royal Exchange lost 9.62 per cent to trade at 47 Kobo, Presco shed 9.54 per cent to N182.00, FTN Cocoa decreased by 8.89 per cent to N1.64, and DAAR Communications declined by 8.70 per cent to 21 Kobo.

The All-Share Index (ASI) and the market capitalisation of the Nigerian Exchange (NGX) Limited appreciated by 1.12 per cent each to close at 67,200.69 points and N36.920 trillion, respectively.

Similarly, all other indices finished higher except NGX CG, banking, NGX AFR Bank Value, MERI Growth and Sovereign Bond which depreciated by 0.16 per cent, 0.78 per cent, 0.94 per cent, 0.32 per cent and 0.56 per cent apiece, while the premium and ASeM indices closed flat.

A look at the activity chart indicated that the trading volume went down by 39.00 per cent as investors transacted 1.470 billion shares worth N24.431 billion in 29,683 deals versus the 2.410 billion shares worth N22.115 billion traded in 27,965 deals.

Financial equities were traders’ toast in the five-day trading week, with 929.631 million units valued at N12.948 billion traded in 13,626 deals, contributing 63.25 per cent and 53.00 per cent to the total equity turnover volume and value, respectively.

Healthcare stocks followed with 171.236 million units worth N334.792 million in 452 deals, while energy shares traded 90.156 million units valued at N5.099 billion in 2,769 deals.

Access Holdings, Neimeth International Pharmaceutical and Fidelity Bank were the busiest stocks for selling 502.843 million units valued at N4.388 billion in 3,117 deals, contributing 34.21 per cent and 17.96 per cent to the total equity turnover volume and value respectively.