Nigerian Exchange: Stock Market report for the week ended 21st July, 2023

Investors on the Nigerian Exchange enjoyed a 3.89% gain in the week ended 21st July, 2023, as the Stock Market earned them N2.43tn gains in the week.

Also read; List of Dividends announced in 2023, qualification and payment dates

John Holt Plc (NGX: JOHNHOLT) was the best performing stock in the week advancing by 58.01%, while FTN Cocoa Processors Plc (NGX: FTNCOCOA) was the worst performed, shading 29.08%.

The activity level was mixed in the week, as the volume of shares traded declined while the value of shares increased alongside the no of deals done in the week.

Activity Level

A total turnover of 4.182 billion shares worth N99.048 billion in 41,446 deals was traded in the week by investors on the floor of the Exchange, in contrast to a total of 5.246 billion shares valued at N63.417 billion that exchanged hands last week in 57,234 deals.

The Financial Services Industry (measured by volume) led the activity chart with 3.015 billion shares valued at N36.762 billion traded in 20,079 deals; thus contributing 72.08% and 37.12% to the total equity turnover volume and value respectively.

The Oil and Gas Industry followed with 311.172 million shares worth N2.128 billion in 3,473 deals. The third place was the Conglomerates Industry, with a turnover of 180.518 million shares worth N787.392 million in 2,111 deals.

Trading in the top three equities namely United Bank for Africa, FCMB Group Plc and Japaul Gold & Ventures Plc (measured by volume) accounted for 1.727 billion shares worth N18.239 billion in 4,707 deals, contributing 41.29% and 18.41% to the total equity turnover volume and value respectively.

Index Movement

The NGX All-Share Index and Market Capitalization appreciated by 3.89% to close the week at 65,003.39 and N35.395 trillion respectively.

Year-to-Date, the NGX All-Share Index had advanced by 26.83%, while Quarter-to-Date, it has appreciated by 6.62%, and Month-to-Date, it has appreciated by 6.62%.

The below are the performances of the indices under our watch;

NGX Banking Index: The index appreciated by 15.81% to 607.29 from 703.32 (YTD: 68.46%, QTD: 8.97%, MTD: 8.97%).
NGX Insurance Index: The index appreciated by 5.65% to 260.86 from 246.91 (YTD: 49.61%, QTD: -5.85%, MTD: -5.85%).
NGX Consumer Goods Index: The index appreciated by 1.67% to 886.96 from 872.37 (YTD: 50.61%, QTD: -0.87%, MTD: -0.87%).
NGX Oil/Gas Index: The index appreciated by 0.64% to 848.88 from 843.48 (YTD: 83.55%, QTD: 9.41%, MTD: 9.41%).
NGX Industrial Goods Index: The index appreciated by 2.80% to 2,854.10 from 2,776.30 (YTD: 18.76%, QTD: 14.56%, MTD: 14.56%).

Top Gainer and Losers

Seventy-three (73) equities appreciated in price during the week higher than twenty-nine (29) equities in the previous week.

Nineteen (19) equities depreciated in price lower than seventy-seven (77) in the previous week, while sixty-four (64) equities remained unchanged, higher than fifty (50) recorded in the previous week.

The top five gainers for the week under review are;

John Holt Plc (NGX: JOHNHOLT): It gained 58.01% as it moved from N1.81 to N2.86.
Chellarams Plc (NGX: CHELLARAM): It gained 32.39% as it moved from N1.76 to N2.33.
Sterling Financial Holdings Company Plc (NGX: STERLINNG): It gained 27.33% as it moved from N3.11 to N3.96.
Ecobank Transnational Incorporated (NGX: ETI): It gained 27.17% as it moved from N12.70 to N16.15.
CWG Plc (NGX: CWG): It gained 26.38% to move from N2.35 to N2.97.

The top five loser for the week under review are;

FTN Cocoa Processors Plc (NGX: FTNCOCOA): It lost 29.08% going from N2.82 per share to N2.00 per share.
Courtville Business Solutions Plc (NGX: COURTVILLE): It lost 28.09% going from N0.89 to N0.64.
Abbey Mortgage Bank Plc (NGX: ABBEYBDS): It lost 26.32% going from N1.52 to N1.12.
Linkage Assurance Plc (NGX: LINKASSURE): It lost 20.00% going from N0.80 to N0.64.
Japaul Gold & Ventures Plc (NGX: JAPAULGOLD): It lost 15.15% going from N0.99 to N0.84.