NGX Roundup: Holidays slow trading as investors split from N19.60b for stocks

The Nigerian stock exchange saw less trading activity this week due to public holidays on Monday and Tuesday, May 2 and May 3, for the celebration of Workers’ Day and Eid-al-Fitri respectively.

As a result, trading volume was low, with investors trading a total of 1.598 billion shares, worth 19.603 billion naira in 21,494 trades, in three days.

It is below the 8.205 billion shares valued at 49.145 billion naira, traded last week in 28,622 transactions, according to market data from the capital market authority, Nigerian Exchange Limited (NGX).

Best Performing NGX Sector

The best performing sectors for the week were the financial services industry, followed by the conglomerate industry and the consumer goods industry.

Financial services recorded the largest deals with 1.057 billion shares valued at N7.727 billion traded in 8,670 deals, while investors parted with N250.567 million in 852 deals to trade 148.174 million shares .

The consumer goods industry saw 145.471 million shares traded in the hands of investors in 4,557 transactions, valued at N5.226 billion.

The first three actions

As of the end of trading this week, Union Bank Of Nigeria Plc, FCMB Group Plc and Transnational Corporation Plc were the top three stocks traded by volume, contributing 34.26% and 11.89% to volume and share respectively. total stock turnover value.

This represents an exchange of 547.576 million shares worth N2.330 billion in 957 trades on the floor of Union Bank, FCMB Group and Transcorp.

Top Five NGX Winners of the Week

Champion stock value gained N0.82kobo as the stock price ended the week with N3.34kobo per share against the N2.52kobo it opened with.

READ ALSO: Investors gain N262.7 billion as Nigerian stock market hits new milestone

International Breweries closed the week with N6.75kobo per share, rising N1.65kobo to surpass its opening of N5.10kobo per share.

Cadbury was on the list of winners as its share price gained 3.30 Nkobos to rise from its opening of 10.25 Nkobos to end the week at 13.55 Nkobos per share.

Fidson stock rose by N1.88kobo during the week as its stock reached N10.03 per share against the N8.15kobo it started with this week.

Nigerian Breweries stock rose N12.90kobo from N57.10kobo per share to N70 per share.

Top Five NGX Losers of the Week

Oando topped the list of losers following a loss of N0.74kobo, which reduced its share value to N5.56kobo at the end of trading, down from N6.30kobo.

The value of Trans-Nationwide Express stock fell to N0.73kobo per share at the end of trading this week, having lost 9.88% from its opening price of N0.81kobo per share.

Ax Mansard lost N0.24kobo from him to end the week with N2.20kobo per share, below the N2.40kobo per share he started trading with.

LivingTrust stock lost N0.12kobo to end the week at N1.12kobo per share, down from the N1.24kobo per share it started the week with.

Transcorp’s share value also fell during the week, losing N0.45kobo from its opening price of N4.95kobo to end trading at N4.50kobo per share.

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