May 07, (THEWILL) – At the end of the last weekday of trading on the Nigerian Stock Exchange (NGX) Friday, May 6, a total of 466,280,200 shares in 7,442 deals, corresponding to a market value of NGN 5,308,884,130.43, were traded. Compared with the previous NGX trading day (Thursday, May 5), Friday’s data shows 36% decline in turnover, but 9% improvement in deals. The current market capitalisation of the Nigerian Stock Exchange is NGN 27.5 trillion.
In the aggregate, 118 NGX listed equities participated in trading, ending with 43 gainers and 15 losers. Caverton Offshore Support Group led the gainers with 10% share price appreciation closing at NGN 1.32 per share, followed by Champion Breweries (+9.87%), Learn Africa (+9.81%) and International Breweries (+9.76%).
On the losing side, LivingTrust Mortgage Bank came out last with an end-of-day price depreciation of 9.68% at NGN 1.12 per share, followed by Computer Warehouse Group (-6.25%), Stanbic IBTC Holdings (-6.17%) and Ikeja Hotel (-5.19%). LivingTrust Mortgage Bank recorded the highest volume of 88.6 million traded shares, followed by Transcorp Nigeria (40.5m), Fidelity Bank (30.4m) and Courteville Business Solutions (29.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 99.08 (0.19%) points to close at 50,935.03, representing a 1-week gain of 4.87%, a 4-week gain of 9.1%, and an overall year-to-date gain of 19.24%.
Weekly Report
The Market opened for three trading days this week as The Federal Government of Nigeria declared Monday 2nd May and 3rd May, 2022 as Public holidays to commemorate Workers Day and Eid-el-Fitri celebrations.
A total turnover of 1,598 billion shares worth N19.603 billion in 21,494 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 8,205 billion shares valued at N49.145 billion that exchanged hands last week in 28,622 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.057 billion shares valued at N7.727 billion traded in 8,670 deals; thus contributing 66.15% and 39.42% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 148.174 million shares worth N250.567 million in 852 deals. The third place was The Consumer Goods Industry, with a turnover of 145.471 million shares worth N5.226 billion in 4,557 deals.
Trading in the top three equities namely Union Bank Of Nigeria Plc, FCMB Group Plc and Transnational Corporation Plc (measured by volume) accounted for 547.576 million shares worth N2.330 billion in 957 deals, contributing 34.26% and 11.89% to the total equity turnover volume and value respectively.
About the Author
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
