Newscenter Media News Investors in Nigerian equities market enjoyed a fairly profitable trading week on the floor of the NGX gaining N480bn in the just ended trading week.
This following a loss of N107bn in the previous week.
The bourse recorded losses in two of the five trading days gaining on three trading days as the equities market begins recovery from the impact of the #EndBadGovernance protests.
The market capitalisation increased by N480bn to N55.98tr from the N55.50tr in the previous week.
Similarly, the All-Share Index (ASI) fell by 2.33% to close at 98.592.12 from 97, 745.73 points recorded the previous week.
The equities market began the week on a negative note on Monday, August 5, 2024 as investors lost N92bn at the end of trading session.
Similarly, On Tuesday, August 6, 2024 the equities market continued the losing trend as investors lost a whopping N371bn at the end of trading session
The fortune of the market turned It was on Wednesday, August 7, 2024 as investors recorded a profit of N96bn.
On Thursday, August 8, 2024 investors made a massive profit of N577bn at the end of trading session.
The equities market closed the week with a profit on Friday, August 9, 2024 as investors gained N270bn at the end of the trading session culminating in a total profit of N480bn for the just ended week.
A total turnover of 2.679 billion shares worth N49.017 billion in 47,451 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.393 billion shares valued at N52.304 billion that exchanged hands last week in 44,814 deals.
READ ALSO:NGX: Equities market maintains bullish trend as investors gain N577bn
The Financial Services Industry (measured by volume) led the activity chart with 1.982 billion shares valued at N31.985 billion traded in 23,467 deals; thus contributing 74.00% and 65.25% to the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 229.680 million shares worth N7.441 billion in 4,021 deals.
The third place was the ICT Industry, with a turnover of 113.887 million shares worth N3.059 billion in 4,260 deals.
Trading in the top three equities namely Access Holdings Plc, Veritas Kapital Assurance Plc and United Bank for Africa Plc (measured by volume) accounted for 756.035 million shares worth N10.726 billion in 6,985 deals, contributing 28.22% and 21.88% to the total equity turnover volume and value respectively.
Forty-six (46) equities appreciated in price during the week higher than forty (40) equities in the previous week. Thirty-eight (38) equities depreciated in price lower than forty (40) in the previous week, while sixty-seven (67) equities remained unchanged, lower than seventy-one (71) recorded in the previous week.
OANDO recorded the biggest share price increase percentage gaining N15.30 followed by RT BRISCOE which increased its share price from N0.84 to N1.27 gaining N0.43 in the process.
JAPAUL also increased its share price by N0.63 from N1.76 to N2.39.
On the flip side, NESTLE recorded the biggest decline in share prices by percentage shedding 15.03% to close the week at N2.77 from the N3.26 it started the week on followed by BUA CEMENT which shed 9.99% of its share prices to end the week on N128.90 from N143.20 at the start of the week.
UNIVERSITY PRESS also shed 9.90% to close at N2.18 from N2.42 at the beginning of the week.
By: Babajide Okeowo
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