Snapshot of Nigerian Stock Performance After One Week Trading

• After 5 days of trading investors traded a total of 2.735 billion shares worth N85.197 billion in 127,284 deals this week
• The Financial Services Industry led market activity with 1.909 billion shares worth N37.834 billion, followed by the ICT Industry
• On a week on week, NGX All-Share Index rose 0.92% to 141,845.35 points, with market capitalisation also improving

Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

A total turnover of 2.735 billion shares worth N85.197 billion in 127,284 deals was traded this week ending Friday, September 19 on the Nigerian Exchange,

This is an increase compared with 3.188 billion shares valued at N99.685 billion in 132,711 deals recorded last week.

Breakdown of the NGX

The Financial Services Industry (measured by volume) led the activity chart with 1.909 billion shares worth N37.834 billion traded in 56,026 deals, contributing 69.79% and 44.41% to the total equity turnover volume and value respectively.

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The ICT Industry followed with 184.870 million shares worth N6.189 billion in 12,893 deals.

In third place was the Services Industry, with a turnover of 176.506 million shares worth N813.252 million in 6,011 deals.

Market activities for the week

Abbey Mortgage Bank, Fidelity Bank and United Bank for Africa (measured by volume) accounted for 875.822 million shares worth N16.417 billion in 11,389 deals, contributing 32.02% and 19.27% to the total equity turnover volume and value respectively during the week.

Market breadth showed mixed performance as 40 equities appreciated in price, which was lower than the 70 recorded in the previous week.

While 41 equities depreciated in price, higher than the 22 recorded in the previous week.

At the same time, 66 equities remained unchanged, which was higher than the 55 recorded in the previous week.

Top 10 price losers for the week

• Omatek Ventures declined from N1.32 to N1.08, losing N0.24 or -18.18%.
• Cornerstone Insurance fell from N7.33 to N6.20, shedding N1.13 or -15.42%.
• Secure Electronic Technology dropped from N0.86 to N0.75, representing a loss of N0.11 or -12.79%.
• Royal Exchange decreased from N2.30 to N2.04, down by N0.26 or -11.30%.
• United Bank for Africa declined from N48.70 to N44.20, losing N4.50 or -9.24%.
• Veritas Kapital Assurance fell from N2.20 to N2.00, a decline of N0.20 or -9.09%.
• Sunu Assurances Nigeria dropped from N5.90 to N5.37, losing N0.53 or -8.98%.
• Coronation Insurance decreased from N3.50 to N3.20, shedding N0.30 or -8.57%.
• Nigerian Exchange Group fell from N60.15 to N55.10, a loss of N5.05 or -8.40%.
• Prestige Assurance declined from N1.89 to N1.74, dropping by N0.15 or -7.94%.

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Top 10 price gainers for the week

• Guinness Nigeria gained from N143.00 to N183.90, appreciating by N40.90 or +28.60%.
• Multiverse Mining & Exploration advanced from N11.50 to N13.95, a gain of N2.45 or +21.30%.
• Eunisell Interlinked rose from N25.40 to N30.55, adding N5.15 or +20.28%
• e-Tranzact International increased from N14.95 to N16.70, a rise of N1.75 or +11.71%.
• Chellarams moved up from N13.30 to N14.60, gaining N1.30 or +9.77%.
• Unilever Nigeria appreciated from N67.15 to N73.00, a rise of N5.85 or +8.71%.
• Academy Press rose from N8.85 to N9.60, an increase of N0.75 or +8.47%.
• Custodian Investment gained from N40.75 to N44.15, adding N3.40 or +8.34%.
• Northern Nigeria Flour Mills appreciated from N86.45 to N93.65, increasing by N7.20 or +8.33%.
• Nigerian Breweries advanced from N70.25 to N75.95, a gain of N5.70 or +8.11%.

Source: Legit.ng