The Nigerian stock market opened for four trading days this week, as the Federal Government of Nigeria declared Friday 1st May 2020 a public holiday to celebrate 2020 Workers Day.
A total turnover of 1.012 billion shares worth N9.892 billion in 17,023 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.195 billion shares valued at N13.979 billion that exchanged hands last week in 20,591 deals.
The Financial Services industry (measured by volume) led the activity chart with 809.957 million shares valued at N5.666 billion traded in 9,533 deals; thus contributing 80.06% and 57.28% to the total equity turnover volume and value, respectively.
The Industrial Goods industry followed with 47.884 million shares worth N1.681 billion in 1,920 deals. The third place was the Conglomerates industry, with a turnover of 46.627 million shares worth N86.349 million in 550 deals.
Trading in the Top Three Equities namely, FBN Holdings Plc, United Bank for Africa Plc, and Access Bank Plc (measured by volume) accounted for 414.588 million shares worth N2.290 billion in 3,189 deals, contributing 40.98% and 23.15% to the total equity turnover volume and value respectively
The NSE All-Share Index and Market Capitalization both appreciated by 1.87% to close the week at 23,021.01 and N11.997 trillion, respectively.
All other indices finished higher except for NSE (Nigerian Stock Exchange) Meri Growth, NSE Consumer Goods and NSE Industrial Goods, which depreciated by 0.88%, 1.42%, and 0.47% respectively while the NSE ASeM index closed flat.
Top 10 gainers for the Week
ARDOVA up 20.9% to close at N11.55
LASACO ASSURANCE PLC up 12.50% to close at N0.27
U A C N PLC up 11.29% to close at N6.90
VITAFOAM NIG PLC. up 9.98% to close at N4.96
CHAMS PLC up 9.52% to close at N0.23
GUARANTY TRUST BANK PLC up 8.81% to close at N21.00
OANDO PLC up 7.83% to close at N2.48
MTN NIGERIA COMMUNICATIONS PLC up 7.69% to close at N112.00
LIVESTOCK FEEDS PLC up 7.69% to close at N0.70
FCMB GROUP PLC. up 7.50% to close at N1.72
Top 10 losers for the Week
NIGERIAN BREW PLC. down 13.04% to close at N30.00
TRANSNATIONAL CORPORATION OF NIGERIA PLC down 10.81% to close at N0.66
ETERNA PLC. down 9.62% to close at N2.16
PRESTIGE ASSURANCE PLC down 9.09% to close at N0.50
WEMA BANK PLC. down 4.84% to close at N0.59
ROYAL EXCHANGE PLC. down 4.76% to close at N0.20
SKYWAY AVIATION HANDLING COMPANY PLC down 4.6% 1 to close at N1.45
UNILEVER NIGERIA PLC. down 4.55 % to close at N10.50
WAPIC INSURANCE PLC down 3.70% to close at N0.26
ECOBANK TRANSNATIONAL INCORPORATED down 3.26% to close at N4.45