Modupe Gbadeyanka
By Modupe Gbadeyanka
The upward movement of Japaul Gold & Ventures Plc on at the Nigerian Stock Exchange (NSE) continued last week, with the value of its equities rising by 56.45 per cent to 97 kobo per unit.
The stock was one of the 50 equities that appreciated in the five-day trading week. In the preceding week, the market recorded 32 price risers.
Also in the week, BOC Gases appreciated by 32.18 per cent to close at N12.65 per share, NEM Insurance gained 28.49 per cent to close at N2.30 per share, Seplat gained 23.32 per cent to end at N496.10 per share, while Linkage Assurance gained 23.08 per cent to close at 64 kobo per share.
Business Post reports that during the week, a total of 21 equities depreciated in price, lower than 32 equities in the previous week, with Deap Capital topping the chart after it went down by 12.00 per cent to close at 22 kobo per share.
Royal Exchange lost 11.54 per cent to end at 23 kobo per share, Dangote Cement depreciated by 8.13 per cent to end at N255.00 per share, Associated Bus Company declined by 7.89 per cent to 35 kobo per share, while May & Baker declined by 6.84 per cent to close at N3.27 per share.
A look at the index movement chart showed that the All-Share Index and the market capitalisation of the exchange depreciated by 0.37 per cent to close the week at 40,120.22 points and N20.978 trillion respectively.
However, all other indices finished higher with the exception of NSE Premium, NSE Lotus II and NSE Industrial Goods, which depreciated by 2.99 per cent, 1.22 per cent and 2.29 per cent, while the NSE ASeM and NSE Growth indices closed flat.
On the activity chart, investors traded 3.4 billion shares worth N19.9 billion in 26,808 deals, higher than the 1.8 billion shares valued at N26.0 billion transacted a week earlier in 14,634 deals.
Shares in the consumer goods sector dominated the chart with 2.0 billion units worth N7.5 billion traded in 4,031 deals, contributing 59.70 per cent and 37.77 per cent to the total trading volume and value respectively.
In the week, market participants transacted 939.3 million equities in the financial services sector worth N7.8 billion in 14,020 deals, while 139.9 million stocks in the conglomerates industry worth N182.2 million were traded in 885 deals.
When analysed further, shares of Champion Breweries, Transcorp and Access Bank were the most active in the week, accounting for 2.1 billion units valued at N6.0 billion executed in 1,971 deals, contributing 63.18 per cent and 30.21 per cent to the total trading volume and value respectively.
