The All-Share Index and Market Capitalization both appreciated by 5.30% to close the week at 28,415.31 and N14.852 trillion respectively. Investors gained 747.19 billion.
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- A total turnover of 3.140 billion shares worth N35.372 billion in 35,099 deals was traded this week by investors on the floor of the Exchange, in contrast with a total of 1.532 billion shares valued at N16.901 billion that exchanged hands last week in 17,882 deals.
- The Financial Services industry (measured by volume) led the activity chart with 2.325 billion shares valued at N25.816 billion traded in 21,306 deals; thus contributing 74.05% and 72.99% to the total equity turnover volume and value respectively.
- The Oil and Gas industry followed with 200.567 million shares worth N1.012 billion in 1,977 deals.
- The third place was the Industrial Goods industry, with a turnover of 149.200 million shares worth N3.631 billion in 2,991 deals.
- Trading in the top three equities namely Zenith Bank Plc, FBN Holdings Plc, and United Bank for Africa Plc. (measured by volume) accounted for 1.236 billion shares worth N15.724 billion in 9,774 deals, contributing 39.36% and 44.45% to the total equity turnover volume and value respectively.
- Fifty-three (53) equities appreciated at price during the week, higher than thirty-six (36) equities in the previous week.
- Fourteen (14) equities depreciated in price, lower than fifteen (15) equities in the previous week, while ninety-six (96) equities remained unchanged, lower than one hundred and twelve (112) recorded in the previous week.
READ: MOBIL, DANGOTE CEMENT record gains, as market liquidity increases by 120%
Top gainers
- ETERNA PLC. up 32.48% to close at N3.63
- INTERNATIONAL BREWERIES PLC. up 21.03% to close at N4.72
- AFRICA PRUDENTIAL PLC up 20.63% to close at N5.73
- TRANS-NATIONWIDE EXPRESS PLC. up 19.48% to close at N0.92
- FBN HOLDINGS PLC up 19.23% to close at N6.20
- ACCESS BANK PLC. up 16.42% to close at N7.80
- GLAXO SMITHKLINE CONSUMER NIG. PLC. up 16.00% to close at N5.80
- NASCON ALLIED INDUSTRIES PLC up 15.87% to close at N12.05
- LINKAGE ASSURANCE PLC up 15.79% to close at N0.44
- NIG. FLOUR MILLS PLC. up 14.81% to close at N4.65
READ: GUINNESS, NB, SEPLAT, AIRTEL, UNILEVER record impressive gains, investors gain N82.46 billion WoW
Top losers
- UACN PROPERTY DEVELOPMENT COMPANY PLC down 11.96% to close at N0.81
- TRIPPLE GEE AND COMPANY PLC. down 10.00% to close at N0.36
- DEAP CAPITAL MANAGEMENT & TRUST PLC down 10.00% to close at N0.27
- ACADEMY PRESS PLC. down 6.90% to close at N0.27
- CONOIL PLC down 5.57% to close at N14.40
- LAW UNION AND ROCK INS. PLC. down 5.17% to close at N1.10
- JAIZ BANK PLC down 4.84% to close at N0.59
- CHAMS PLC down 4.76% to close at N0.20
- UNION DIAGNOSTIC & CLINICAL SERVICES PLC down 4.00% to close at N0.24
- OANDO PLC down 2.62% to close at N2.23
READ: GTBANK, UBA, ZENITH BANK record gains, as investors gain N18.2 billion
Outlook
Nigerian bourse recorded impressive gains in the week amid growing political uncertainty across Nigeria’s borders
- Nigeria’s major export earning asset, crude oil printed higher as Hurricane storm threatened 17% of America’s crude oil supplies, thereby trading at $43/Barrel.
- Significant buying pressures from Nigeria’s notable stocks rallied investors inflows W/W, as institutional investors took advantage of decent stocks that were trading relatively at a discounted level.
- On the macro level, Nigeria’s 2021 budget revealed plans to finance the deficit with flows from new borrowings (N4.28 trillion), privatization proceeds (N205.15 billion), and drawdowns from multilateral and bilateral loans secured for specific projects and programs (N709.69 billion).
- Nairametrics expects you to seek the counsel of a certified Stockbroker when choosing stocks to buy, as Nigerian Stocks often exhibit cyclic returns.
