COSG leads gainers on exchange, financial stocks contribute 73% to total volume
Caverton Offshore Support Group (COSG) Plc traded higher at the end of last week’s transactions on the floor of the Nigerian Stock Exchange.
It led nine other with 13.16 per cent to close at N0.86 per share. Following Caverton last week was NEM Insurance, adding 5.00 per cent to close at N0.84 per share.
Other gainers of last week’s transact tions are Neimeth International Pharmaceutical, Wema Bank, Betaglass, adding 4.88, 4.84, and 3.33 per cent to close at N0.86, N0.65 and 31.00 per share.
Guaranty Trust Bank gained 3.32 per cent to close at N24.28 per share. Skye Bank added 3.23 per cent to close at N0.64 per share. Stanbic IBTC garnered 3.03 per cent to close at N17.00 per share.
Mobil oil added 2.15 per cent o close at N190.00 per share. Learn Africa also appreciated by 1.67 per cent to close at N0.61 per share.
Meanwhile, the financial services industry dominated in volume terms last week, with 495.992 million shares valued at N2.767 billion in 6,522 deals; thus contributing 73.51 per cent to the total equity turnover volume.
The conglomerates industry followed with 80.885 million shares worth N95.212 million in 536 deals.
The construction/real estate industry ranked third with a turnover of 32.484 million shares worth N18.498 million in 70 deals.
Trading in the top three equities namely – Law Union & Rock Insurance Plc, Ecobank Transnational Incorporated and Transnational Corporation of Nigeria Plc accounted for 263.199 million shares worth N1.033 billion in 637 deals, contributing 39.01 per cent and 13.49 per cent to the total equity turnover volume and value respectively.
Consequently, a turnover of 674.721 million shares worth N7.657 billion deals was recorded in 12,290 by investors, in contrast to a total of 1.163 billion shares valued at N9.251 billion that exchanged hands in 14,992 deals during the preceding week.
Also traded during the week were a total of 10,779 units of Exchange Traded Products (ETPs) valued at N63,890.18 executed in 22 deals, compared with a total of 119,743 units valued at N600,589.51 transacted last week in 25 deals
A total of 1,700 units of Federal Government Bonds valued at N1.518 million were traded in 1 deal compared to a total of 1,510 units of Federal Government Bonds valued at N1.558 million transacted last week in 1 deal.
The NSE All-share index and market capitalisation depreciated by 0.95 per cent to close the week at 27,596.82 and N9.479 trillion respectively.
Similarly, all other indices closed lower during the week with the exception of the NSE Industrial Goods Index that appreciated by 0.52 per cent, while the NSE ASeM Index closed flat
16 equities appreciated in price during the week, lower than 22 equities of the previous week. 38 equities depreciated in price, lower than 42 equities of the previous week, while 126 equities remained unchanged higher than 116 equities recorded in the preceding week.
No Comments yet