Weekly Recap: Top Five Winning and Losing Stocks in the Nigerian Capital Market
The Easter bank holiday extended into Monday, reducing the number of trading days to four, which weighed on the outcome of capital market performance this week.
According to a market report on NGX, investors parted with 17.813 billion naira to trade 1.302 billion shares in 20,212 deals, up from the previous week’s 1.247 billion shares traded in 23,406 deals, a worth N22.372 billion.
Best Performing NGX Sector
The activities of investors in the capital market were felt more in the financial sector, which saw an exchange of 836.781 million shares, valued at 6.007 billion naira, in 9,527 transactions.
The oil and gas industry also saw heavy share trading among investors, who traded over 86.909 million shares, worth N1.243 billion, in 1,770 deals.
The consumer goods industry was next, with 86.286 million shares traded on the Nigerian Stock Exchange, in 3,056 transactions, valued at N2.225 billion.
The first three actions
Based on traded volume, Fidelity Bank Plc, Zenith Bank Plc and Universal Insurance Plc were the three best performing stocks this week, contributing 21.47% and 14.75% to volume and value, respectively. shares business.
The three companies reported that traders traded over 279.507 million shares in 2,504 trades, worth 2.627 billion naira during the four-day trading session.
Top Five NGX Winners of the Week
Also Read: NGX: Investors Win N45.9 Billion as Eterna Leads the Winners
Meyer’s stock value gained N0.73kobo as the stock price ended the week at N2.33kobo per share against the N1.60kobo it opened with.
Eterna closed the week with N6.65kobo per share, rising by N1.65kobo to surpass its opening of N5 per share.
Oando was on the list of winners as its share price gained N1.03 to rise from its opening of N4.83kobo to end the week at N5.86kobo per share.
Guinness stock rose N12.25 kobo during the week as its stock reached N82.25 kobo per share against the N70 it started with this week.
FTN Cocoa stock rose 12.12% from 0.33 kobo per share to 0.37 kobo per share.
Top Five NGX Losers of the Week
Academy Press topped the list of losers following a loss of N0.27kobo, which reduced its share value to N1.17kobo at the end of trading, from N1.44kobo.
John Holt’s share value fell to N0.71kobo at the end of trading this week, having lost N0.15kobo from its opening price of N0.86kobo per share.
Neimeth lost N0.22kobo from his share to end the week with N1.36kobo per share, below the N1.58kobo per share he started trading with.
CWG stock lost N0.10kobo to end the week at N0.88kobo per share, down from N0.98kobo per share it started the week with.
The value of SCOA stock also fell during the week, losing N0.21kobo from its opening price of N2.15kobo to end trading at N1.94kobo per share.
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