NSE: $102.7m gain by Equity Investors last week, Top 3 Gainers

Last week saw equity investors gain $102.72 million (N37.36 Billion) on the Nigerian Stock Exchange ( NSE ). Favourably, All Shares Index (ASI) appreciated by 0.24% to close at 26,279.61. Market Capitalization also appreciated by 0.27% to close at N13.7 trillion. Thankfully, this positive growth comes amidst the effect of coronavirus on global stocks and its first confirmed case in Lagos.

However, the equities market closed on Friday with ASI depreciating by 0.55% to close at 26,279.61 points. Altogether, the market has lost 2.10% this year.

The investors on the NSE floor traded a total 1.814 billion shares worth N26.008b in 23,494 deals. This is compared to 1.547 billion shares valued at N24.263 billion that previously exchanged hands in 21,646 deals.

The Financial Services industry topped the activity chart (measured by volume) with 1.382 billion shares. The shares were valued at N16.909 billion traded in 16,275 deals. Therefore, contributing 76.20% and 65.02% to the total equity turnover volume and value respectively.

The services industry followed with 98.557 million shares worth N263.837 million in 369 deals. Thirdly, the ICT industry had a turnover of 89.782 million shares worth N598.016 million in 800 deals.

The top three trading equities by volume were GTB Plc, Zenith Bank Plc, and United Bank for Africa Plc. The three tier-1 banks accounted for 784.482 million shares worth N14.610 billion in 9,337 deals. Thus, contributing 43.25% and 56.17% to the total equity turnover volume and value respectively.

UACN Property development company Plc, Skyway Aviation Handling Company Plc, and UACN Plc were among top performers for the week.