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Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Investors Trade N8.66bn Stocks, As Union Bank, GTCO, Others Gain

2 years ago
1 min read

Over 694.376 million shares worth N8.667 billion were traded on the exchange floor of the Nigerian stock market in 15,418 deals in the week ending November 18, 2022.

The figure falls below 1.101 billion shares exchanged in 15,697 deals, worth N11.714 billion in the previous week.

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Top three sectors

The Financial Services Industry led the activity chart, as investors traded 487.150 million shares valued at N4.229 billion traded in 7,527 deals. 

Conglomerates Industry reported 61.896 million shares, worth N77.471 million, were traded on its floor in 396 deals. 

The Consumer Goods Industry recorded 40.042 million shares worth N1.243 billion in 2,713 deals. 

The Financial Services Industry reported that investors exchanged 398.264 million shares in 8,247 deals valued at N2.219 billion to top the best performing sector.

The Conglomerates Industry recorded over 37.514 million shares worth N49.503 million exchanged investors hands in 393 deals.

READ ALSO: NGX Gains N262.26 billion, As Market Cap Hits N24.23 trillion

The third place was the ICT Industry, with a turnover of 30.708 million shares worth N8.383 billion in 1,218 deals.

Top three equities

By measure of volume, Access Holdings Plc, Transnational Corporation Plc and Fidelity Bank Plc were the top three trading equities, accounting for 33.54 percent and 14.27 percent of the total equity turnover volume and value respectively.

This was after investors exchanged 232.923 million shares worth N1.237 billion in 1,316 deals across the three companies.

Stock: Top five gainers

Axa Mansard gained N0.24kobo, after its stock price appreciated from N1.53kobo to N1.77kobo per share.  

Union Bank reported an uptick of N0.75kobo, as its share rose from N5.75kobo to N6.50kobo per share

GTCO share went up by N1.90kobo, rising to N19.45kobo from N17.55kobo per share.

Nigerian Breweries saw its share price gain N3.85kobo, increasing to N41.25kobo from N37.40kobo per share

Unilever Nigeria recorded an appreciation of N1, after the share went from N10 to N11 per share

Top five losers

SCOA share depreciated by N0.46kobo, dwindling from N1.75kobo to N1.29kobo per share.

Guinness share dropped in value by N14.15kobo, to settle at N60.50kobo from N74.65kobo per share.

Regency followed the same path, losing 14.81 percent after trading hours, to sell at N0.23kobo from N0.27kobo per share

Unity Bank reported a decline of 12.28 percent in its share, depreciating from N0.57kobo to N0.50kobo per share

Royal Exchange share lost N0.10kobo from the previous day’s N0.88kobo, dropping to N0.78kobo per share. 

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