The Nigerian Exchange Limited’s equity market recorded a negative close for the week ended 3rd August, 2021. With the benchmark All-Share Index (ASI) declining by 0.57%, Transcorp Hotels Plc led the gainers table with +10.00%. On the other hand, Oando Plc led the losers table with minus 15.21%. All the indices under our watch except the Insurance Index recorded negative performances in the week.
The NGX All-Share Index and Market Capitalization depreciated by 0.57% to close the week 39,261.01 and N20.456 trillion respectively.
A total turnover of 1.338 billion shares worth N8.650 billion in 19,830 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.026 billion shares valued at N8.183 billion that exchanged hands last week in 18,102 deals.
This represents an improvement in the trading activity level when compared to trading activity in the preceding week. While the volume of traded shares was up by 30.49%, the value of traded shares increased by 5.70% and the no of deals done increased by 9.55%.
Read also; Access Bank Plc and its Subsidiaries in 12 countries across Africa and Europe
The Financial Services Industry (measured by volume) led the activity chart with 615.594 million shares valued at N4.188 billion traded in 9,021 deals; thus contributing 45.99% and 48.42% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 253.392 million shares worth N280.789 million in 1,126 deals. The third place was Consumer Goods, with a turnover of 185.854 million shares worth N1.593 billion in 4,107 deals.
Trading in the top three equities namely Transnational Corporation of Nigeria Plc, Honeywell Flour Mill Plc and Access Bank Plc (measured by volume) accounted for 450.570 million shares worth N1.492 billion in 3,696 deals, contributing 33.66% and 17.25% to the total equity turnover volume and value respectively.
The YTD performance of Indices under our watch at the end of the week in review is as below;
- NGX Banking Index: -4.13%
- NGX Insurance Index: +1.10%
- NGX Consumer Goods Index: -4.22%
- NGX Oil/Gas Index: +60.55%
- NGX Industrial Goods Index: -4.54%
Twenty-six (26) equities appreciated in price during the week, lower than Thirty-five (35) equities in the previous week. Thirty-six (36) equities depreciated in price, higher than twenty-nine (29) equities in the previous week, while ninety-four (94) equities remained unchanged lower than ninety-two (92) equities recorded in the previous week.
Top 5 Price Gainers
- Transcorp Hotels Plc gained 10.00% to close at N5.17
- Skyway Aviation Handling Company Plc gained 9.46% to close at N4.05
- Presco Plc gained 8.90% to close at N79.50
- Cornerstone Insurance Plc gained 7.55% to close at N0.57
- Aiico Insurance Plc gained 5.10% to close at N1.03
Top 5 Price Decliners
- Oando Plc lost 15.21% to close at N4.07
- Mutual Benefits Assurance Plc lost 12.50% to close at N0.28
- Courteville Business Solutions Plc lost 12.12% to close at N0.29
- Unity Bank Plc lost 10.00% to close at N0.54
- Lasaco Assurance Plc lost 9.74% to close at N1.39
The price of University Press Plc was adjusted in the week, from N1.21 it closed on 1st September to N1.16, to account for the N0.05 dividend being paid by the company.
Have you read; Access Bank Plc reports N86.93bn Profit for H1 2021
The Federal Government of Nigeria listed two FGN savings bonds issued in June 2021 in the week, with Symbols 8.889% FGS JUN 2023 and 9.889% FGS JUN 2024.
A total of 100,152 units valued at N99.670 million were traded this week in 27 deals compared with a total of 26,861 units valued at N27.503 million transacted last week in 17 deals.
A total of 54,468 units valued at N2.603 million were traded this week in 19 deals compared with a total of 39,465 units valued at N1.834 million transacted last week in 27 deals.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
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