In another exciting week of trading, the all-price index experienced an increase in value of N1.08 trillion which is equivalent to about 3% at close of trading. The stock market maintained vigorous activity over the week. Investors traded a total turnover of 2.866 billion shares worth N37.050 billion in 33,968 deals this week. Investors bought banking, consumer goods, and oil & gas stocks.
According to the data shared by the exchange, the Financial Services Industry led the activity chart with 1.424 billion shares valued at N13.398 billion traded in 18,216 deals; thus contributing 49.70% and 36.16% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 652.296 million shares worth N4.434 billion in 4,931 deals. The third place was the Consumer Goods Industry, with a turnover of 264.359 million shares worth N12.036 billion in 10,821 deals. With the palliatives approved by the Federal Government of Nigeria, these companies would be expected to continue attracting interest among investors.
OMATEK Ventures PLC, NAHCO PLC, and ABC Bus Company PLC led the price gainers while Consolidated Hallmark Insurance, Thomas WYATT, and Dangote Sugar retained their gains from last week and stayed among the top stocks.
Fifty-five (55) equities appreciated during the week higher than thirty-two (32) equities in the previous week. Twenty-eight (28) equities depreciated lower than forty-six (46) in the previous week, while seventy-two (72) equities remained unchanged, lower than seventy-seven (77) recorded in the previous week.
Wednesday 30 August saw the highest trading volume within the week. With about 637,193,765 shares traded worth 7,790,985,323.99 in 10,033 deals.
The top Price Gainers reported are as follows:
| COMPANY | % Gain | |
| 1. | OMATEK VENTURES PLC | 53.33 |
| 2. | NIGERIAN AVIATION HANDLING COMPANY PLC | 41.80 |
| 3. | ASSOCIATED BUS COMPANY PLC | 39.71 |
| 4. | CONSOLIDATED HALLMARK INSURANCE PLC | 38.55 |
| 5. | THOMAS WYATT NIG. PLC | 27.65 |
| 6. | DANGOTE SUGAR REFINERY PLC | 27.37 |
| 7. | NASCON ALLIED INDUSTRIES PLC | 24.25 |
| 8. | GLAXO SMITHKLINE CONSUMER NIG. PLC. | 22.64 |
| 9 | UPDC PLC | 22.55 |
| 10. | TRANS-NATIONWIDE EXPRESS PLC. | 19.32 |
Top Price Decline
| COMPANY | % Decline | |
| 1. | CWG PLC | -19.80 |
| 2. | JOHN HOLT PLC. | -14.83 |
| 3. | PRESTIGE ASSURANCE PLC | -12.50 |
| 4. | MAY & BAKER NIGERIA PLC. | -11.82 |
| 5. | IKEJA HOTEL PLC | -11.76 |
| 6. | MCNICHOLS PLC | -10.94 |
| 7. | LINKAGE ASSURANCE PLC | -10.00 |
| 8. | MULTIVERSE MINING AND EXPLORATION PLC | -10.00 |
| 9 | CHELLARAMS PLC. | -9.85 |
| 10. | SECURE ELECTRONIC TECHNOLOGY PLC | -9.09 |
Disclaimer: This report is only shared for information only. No part of this report should be considered as financial advice. Trendswatch.co is not liable for decisions taken by any individual or groups based on this report.
