The stock market posted another impressive week-long rally, with 62 listed companies performing well on the local stock exchange. Weekly comparisons showed the market capitalization rose slightly by Naira 1.8 trillion as investors bet heavily on improving sentiment, according to market data.
The NGX All-Shares Index closed Monday at 59,014.85 points, slightly up two basis points from the previous week. Futureview Financial Services Limited said in an investor note that the market continued to rise in four out of five trading sessions, gaining 60 basis points by Thursday.
However, the firm noted that Friday’s market activity was dominated by profit taking, falling 26 basis points to close at 59,206.63 points on the weekend. Overall, the market is up 35 basis points since the start of the week, up 15.52% year-to-date. A total of 3.369 billion shares, valued at Naira 41.986 billion, were traded in 39,764 transactions last week by investors on behalf of the exchange.
This is in contrast to last week’s 44,344 deals that sold 4.276 billion shares worth a total of Naira 62.176 billion.
The financial services industry (in terms of trading volume) topped the activity charts with 2.515 billion shares worth 23.03 billion Naira traded across 19,895 outlets. As such, the company contributes 83.86% and 66.06% of total share sales and share value, respectively, Futureview told investors in a release.
UNIVINSURE (295 million units), GTCO (238.7 million units), UBA (218.4 million units), GTCO (7.676 billion units), MTNN (28 ₦ billion), and ZENITH (2.6 billion ₦) topped the list. values. Based on investor positioning, WAPIC was up 28.8% while CHIPLC was up 25.5%.
The oil and gas industry held 162.226 million shares valued at Naira 4.174 billion in 2,953 transactions. By week, ETERNA was up 14.9% and SEPLAT was up 3.0%.
Third place was the conglomerate industry, with 1,962 transactions recording a turnover of 148,138,000 shares (worth NGN 530,633,000).
The top three stocks namely Universal Insurance Plc, United Bank for Africa Plc and Guaranty Trust Holding Company Plc (by volume) were traded in 4,786 transactions accounting for 865.658 million shares worth 12.138 billion Naira, 2019 contributed 25.70% or 28.91% to the stock price in the year. total asset turnover or asset value. Overall, 62 stocks posted lower gains than the previous week’s 77 stocks.
Thirty-five shares were down more than 24 shares from the previous week, but 59 were flat and above his 55 levels last week.
As expected by stockbrokers, the NGX-ASI posted a week-on-week gain of 0.3%, ending the week on a positive note for the domestic market. As a result, market capitalization increased by £1.8tn to £32.2tn and the year-on-year yield improved slightly from 15.1% to 15.5%.
The NGX All-Shares Index closed Monday at 59,014.85 points, slightly up two basis points from the previous week. Futureview Financial Services Limited said in an investor note that the market continued to rise in four out of five trading sessions, gaining 60 basis points by Thursday.
However, the firm noted that Friday’s market activity was dominated by profit taking, falling 26 basis points to close at 59,206.63 points on the weekend. Overall, the market is up 35 basis points since the start of the week, up 15.52% year-to-date. A total of 3.369 billion shares, valued at Naira 41.986 billion, were traded in 39,764 transactions last week by investors on behalf of the exchange.
This is in contrast to last week’s 44,344 deals that sold 4.276 billion shares worth a total of Naira 62.176 billion.
The financial services industry (in terms of trading volume) topped the activity charts with 2.515 billion shares worth 23.03 billion Naira traded across 19,895 outlets. As such, the company contributes 83.86% and 66.06% of total share sales and share value, respectively, Futureview told investors in a release.
UNIVINSURE (295 million units), GTCO (238.7 million units), UBA (218.4 million units), GTCO (7.676 billion units), MTNN (28 ₦ billion), and ZENITH (2.6 billion ₦) topped the list. values. Based on investor positioning, WAPIC was up 28.8% while CHIPLC was up 25.5%.
The oil and gas industry held 162.226 million shares valued at Naira 4.174 billion in 2,953 transactions. By week, ETERNA was up 14.9% and SEPLAT was up 3.0%.
Third place was the conglomerate industry, with 1,962 transactions recording a turnover of 148,138,000 shares (worth NGN 530,633,000).
The top three stocks namely Universal Insurance Plc, United Bank for Africa Plc and Guaranty Trust Holding Company Plc (by volume) were traded in 4,786 transactions accounting for 865.658 million shares worth 12.138 billion Naira, 2019 contributed 25.70% or 28.91% to the stock price in the year. total asset turnover or asset value. Overall, 62 stocks posted lower gains than the previous week’s 77 stocks.
Thirty-five shares were down more than 24 shares from the previous week, but 59 were flat and above his 55 levels last week.
As expected by stockbrokers, the NGX-ASI posted a week-on-week gain of 0.3%, ending the week on a positive note for the domestic market. As a result, market capitalization increased by £1.8tn to £32.2tn and the year-on-year yield improved slightly from 15.1% to 15.5%.
