The NGX All-Share Index and market capitalization declined by 2.08% to close the week at 51,893.94 and N28.268 trillion respectively, despite the 23.36% surge in Transcorp market value following the reports of Femi Otedola’s shares acquisition in the company.
A total turnover of 2.824 billion shares worth N10.964 billion were traded in 15,686 deals by investors on the floor of the Exchange in the week ended April, 14, 2023, in contrast to a total of 1.054 billion shares valued at N10.050 billion that exchanged hands last week in 16,155 deals in the preceding week.
The activity chart measured by volume was led by the Conglomerates Industry with 1.797 billion shares valued at N2.495 billion traded in 931 deals. Thus contributing 63.65% and 22.76% to the total equity turnover volume and value respectively.
It was followed by Financial Services Industry with 590.745 million shares worth N5.615 billion in 7,869 deals.
The ICT Industry, with a turnover of 313.737 million shares worth N1.213 billion in 1,340 deals came in the third place.
Top three traded equities by volume are Transnational Corporation Plc, Chams Holdings Company Plc and United Bank for Africa Plc. They accounted for accounted for 2.254 billion shares worth N3.852 billion in 1,922 deals, contributing 79.81% and 35.14% to the total equity turnover volume and value respectively.
During the week, Eighteen (18) equities appreciated in price during the week higher than sixteen (16) equities in the previous week. Thirty-nine (39) equities depreciated in price higher than thirty-seven (37) in the previous week, while ninety-nine (99) equities remained unchanged, lower than one hundred and three (103) equities recorded in the previous week.
Top five gainers in the week are Transnational Corporation Plc (23.36%), International Breweries Plc (11.11%), Skyway Aviation Handling company Plc (9.68%), and Berger Paints Plc (8.57%).
To five decliners are Consolidated Hallmark Insurance Plc (13.64%), Neimeth International Pharmaceuticals Plc (10.34%), May $ Baker Nigeria Plc (10.00%), Airtel Africa Plc (10.00%), and Cadbury Nigeria Plc (9.73%).
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.