Investors in the Nigerian equities market smiled raking in a massive N426.68 billion as profit on the trading floor.
This follows a loss of N185.59 billion the previous week.
The bourse recorded gains in three of the five trading sessions this week and ended up with a profit of N426.68 billion.
The market capitalization increased from N59.29 trillion to N59.53 trillion
Similarly, the All-Share Index (ASI) appreciated by 0.72% to close the week at 98,210.75 from 97,506.87 points recorded the previous week.
The Nigerian equities market began the month on Monday, December 2, 2024, with a profit as investors gained N137.09 billion at the end of the trading session.
The market closed on Tuesday, December 3, 2024, with a loss of N18.47 billion.
The bulls returned to the market as investors gained N286.38 billion at the end of the trading session on Wednesday, December 4, 2024.
Investors lost N36.90 billion on Thursday, December 5, 2024.
The market closed positive on Friday, December 6, 2024, as investors gained N58.58 billion at the end of the trading session.
READ ALSO: NGX: Equities market rebounds as investors gain N58bn
A total turnover of 3.893 billion shares worth N87.749 billion in 43,868 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.194 billion shares valued at N54.850 billion that exchanged hands last week in 45,112 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.709 billion shares valued at N51.027 billion traded in 20,017 deals; thus contributing 69.58% and 58.15% to the total equity turnover volume and value respectively.
The Consumer Goods industry followed with 403.658 million shares worth N3.844 billion in 4,239 deals.
Third place was the Industrial Goods Industry, with a turnover of 198.360 million shares worth N10.328 billion in 4,606 deals.
Trading in the top three equities namely FBN Holdings Plc, Wema Bank Plc and Fidelity Bank Plc (measured by volume) accounted for 1.625 billion shares worth N28.982 billion in 3,226 deals, contributing 41.74% and 33.03% to the total equity turnover volume and value respectively.
Fifty-one (51) equities appreciated in price during the week higher than thirty-two (32) equities in the previous week. Thirty (30) equities depreciated in price lower than forty-six (46) in the previous week, while seventy-two (72) equities remained unchanged, lower than seventy-five (75) recorded in the previous week.
Golden Guinea Breweries Plc. recorded the biggest share price increase in percentage gaining 45.95% followed by Sunu Assurances Nigeria Plc which increased its share price by 29.49% in the process.
Lafarge Africa Plc also increased its share price by 27.59%.
On the flip side, Learn Africa Plc recorded the biggest decline in share prices by percentage shedding 11.75% followed by Aradel Holdings Plc which shed 10.06% of its share prices.
E-Tranzact International Plc also knocked off 10.00% of its share prices.
By: Babajide Okeowo
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