Capital market roundup: Investors cut equity investments, in part with N10.36 billion

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Investment in the Nigerian capital market fell this week, with investors trading 822.404 million shares worth 10.366 billion naira in 20,643 trades in five days.

This is lower than last week’s turnover of 1.348 billion shares valued at 24.487 billion naira which traded last week in 22,155 transactions.

Best Performing NGX Sector

The financial services industry, the conglomerate industry and the consumer goods industry were the best performing sectors after five days of trading based on traded volumes.

The financial services industry was buoyant this week, having seen over 491.270 million shares valued at 4.499 billion naira traded in 9,961 deals.

The conglomerate industry was next with 81.698 million shares worth N218.285 million in 605 transactions.

The consumer goods industry reported that investors traded 55.052 million shares worth N855.318 million in 3,093 trades on its floor.

The first three actions

In terms of volume, Guaranty Trust Holding Company Plc, United Bank for Africa Plc and Transnational Corporation Plc were the top three trading stocks.

GTCO, UBA and Transcorp reported that more than 244.025 million shares were traded on their trading floor, in 3,732 transactions, worth N2.680 billion. This represented 29.67% and 25.86% of total stock turnover volume and value, respectively.

Top five winners of the week

Academy stock value gained N1.90kobo as the stock price ended the week with N1.89kobo per share against the N1.27kobo it opened with.

UPDC closed the week with N1.24kobo per share, rising by N0.19kobo to surpass its opening of N1.03 per share.

Learn Africa was among the winners list as its share price gained N013kobo to rise from its opening of N2.25kobo to end the week at N2.50kobo per share.

Caverton’s stock rose 9.91% during the week as its stock rose to N1.22kobo per share from the N1.11kobo it started with this week.

Also Read:NGX: Champion Breweries, John Holt Among Top Gainers as Investors Win N46.8 Billion

John Holt’s stock rose 9.76% from 0.82 kobo per share to 0.90 kobo per share.

Top Five NGX Losers of the Week

RT Briscoe topped the list of losers following a loss of N0.94kobo, which reduced its stock value to N0.34kobo at the end of trading, from N0.44kobo

International Breweries’ share value fell to N5.40kobo per share at the end of trading this week, having lost N2.30kobo from its opening price of N6.30kobo per share.

MRS lost N0.30kobo from itself to end the week with N14.45kobo per share, below the N16.25kobo per share it started trading with.

Conoil’s stock fell 9.90% to end the week at 25.95 kobo naira per share, down from the 28.80 kobo naira per share it started the week with.

Union Bank’s share value also fell during the week, losing N2.35kobo from its opening price of N6.15kobo to end trading at N5.55kobo per share.

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