Modupe Gbadeyanka
By Modupe Gbadeyanka
Last week, investors put special interest in the shares of Zenith Bank, GTBank and FBN Holdings at the Nigerian Stock Exchange (NSE).
This made the three equities contribute 49.18 percent and 57.71 percent to the total equity turnover volume and value respectively in the 5-day trading sessions of the week.
The three stocks cumulatively accounted for 713.8 million shares worth N8.6 billion traded in 8,608 deals.
According to data obtained by Business Post from the exchange, last week, the market recorded a total turnover of 1.5 billion shares worth N14.9 billion executed in 21,828 deals.
A week earlier, traders at the market had exchanged 2.8 billion shares valued at N32.6 billion in 31,715 deals.
A breakdown of the trades showed that the financial services sector led the activity chart with 1.2 billion shares valued at N10.6 billion traded in 14,944 deals, contributing 84.32 percent and 70.99 percent to the total equity turnover volume and value respectively.
The conglomerates sector followed with 50.3 million shares worth N61.5 million in 442 deals, while the consumer goods industry traded 47.3 million shares worth N2.5 billion in 2,225 deals.
In the week, 34 equities appreciated in price, lower than 35 in the previous week, while 30 equities depreciated in price, higher than 27 equities in the previous week, with 99 equities remaining unchanged, lower than 101 equities recorded in the preceding week.
Wapic Insurance was the best performing stocks during the trading week, rising by 23.81 percent to settle at 26 kobo per share.
Cutix gained 20.69 percent to close at N1.40 per share, Morison Industries appreciated by 20.00 percent to settle at 60 kobo per share, Neimeth rose by 20.00 percent to close at 48 kobo per share, while CAP chalked up 18.97 percent to settle at N23.20 per share.
The worst performing stock in the week was Nigerian Breweries. Share price of the company dropped 15.00 percent to close at N25.50 per share.
Africa Prudential lost 11.17 percent to settle at N3.42 per share, Total Nigeria depreciated by 10.00 percent to close at N96.30 per share, Caverton declined by 10.00 percent to settle at N2.25 percent, while Dangote Sugar fell by 10.00 percent to close at N9 per share.
When market activities wrapped up last Friday, the All-Share Index and market capitalisation depreciated for the week by 1.52 percent and 1.51 percent to 21,861.78 points and N11.393 trillion respectively.
All other indices finished lower with the exception of NSE Banking, NSE Insurance, NSE-AFR Bank Value and NSE MERI Value which appreciated by 2.06 percent, 3.25 percent, 3.47 percent and 2.93 percent, while NSE ASeM index closed flat.
