STOCK WEEKLY ROUND-UP: Equities market on a roll, investors gain N1,061 trillion in one week

The Nigerian equities market is currently on a roll as investors raked in a massive profit of N1.061 trillion on the trading floor of the Nigerian Xchange (NGX) in the just-concluded trading week.

This follows a gain of N707.61 billion the previous week.

The bourse recorded gains in four of the five trading sessions this week and ended up with a profit of N1.061 trillion.

The market capitalization increased to N61.303 trillion from N60.242 trillion the previous week.

Similarly, the All-Share Index (ASI) appreciated 1.76% to close the week at 101,129.09 from 99,378.06 points recorded the previous week.

The Nigerian equities market began the month on Monday, December 16, 2024, with a profit as investors gained N330.24 billion at the end of the trading session.

The market closed on Tuesday, December 17, 2024, with a profit of N77.78 billion.

The bulls continued in the market as investors gained N258.56 billion at the end of the trading session on Wednesday, December 18, 2024.

Investors gained N467.11 billion on Thursday, December 19, 2024.

The market closed negative on Friday, December 20, 2024, to snap eight consecutive days of profit-making as investors lost N72.09 billion at the end of the trading session.

READ ALSO: Nigerian equities market investors lose N72.09bn in five hours

A total turnover of 2.536 billion shares worth N91.382 billion in 51,406 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.729 billion shares valued at N49.845 billion that exchanged hands last week in 43,298 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.680 billion shares valued at N23.486 billion traded in 22,766 deals; thus contributing 66.24% and 25.70% to the total equity turnover volume and value respectively.

The ICT industry followed with 201.287 million shares worth N3.155 billion in 2,840 deals.

In third place was the services Industry, with a turnover of 182.275 million shares worth N7.961 billion in 3,019 deals.

Trading in the top three equities namely Sterling Financial Holdings Company Plc, Wema Bank Plc and E-Tranzact International Plc (measured by volume) accounted for 623.895 million shares worth N3.981 billion in 1,544 deals, contributing 24.61% and 4.36% to the total equity turnover volume and value respectively.

Sixty-one (61) equities appreciated in price during the week, higher than fifty-one (51) equities in the previous week. Twenty-six (26) equities depreciated in price lower than thirty-five (35) in the previous week, while sixty-six (66) equities remained unchanged, lower than sixty-seven (67) recorded in the previous week.

MRS Oil Nigeria Plc recorded the biggest share price increase in percentage gaining 36.36% followed by Eterna Plc which increased its share price by 32.36% in the process.

Honeywell Flour Mill Plc also increased its share price by 31.52%.

On the flip side, John Holt Plc recorded the biggest decline in share prices by percentage shedding 18.67% followed By Multiverse Mining And Exploration Plc which shed 18.58% of its share prices.

University Press Plc also knocked off 16.27% of its share prices.

By: Babajide Okeowo

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