The stock market this past week, recorded a trading value of N25.42bn with 1.45bn shares traded in 28,945 deals in comparison to 1.49bn shares worth N24.29bn that were traded the previous week in 29,298 deals.
GTCO ousted UBA from the top spot this week in value of shares traded with N3.88bn worth of shares traded, followed by ACCESSCORP with N2.83bn and UBA with N2.55bn. Similarly, in trading, volume UBA was displaced by ACCESSCORP with 1.69mn shares traded followed by Fidelity Bank with 1.44mn and UBA with 1.33mn shares traded.
The Financial sector maintained its dominance over other sectors with 66.3% of trading volume and 56.5% of trading value contributed by them.
Top 10 companies by value
| COMPANY | VALUE ( |
| GTCO | 3,878,095,048 |
| ACCESSCORP | 2,834,722,720 |
| UBA | 2,549,768,759 |
| GEREGU | 2,193,400,086 |
| NESTLE | 2,172,076,522 |
| ZENITHBANK | 1,854,416,134 |
| SEPLAT | 1,263,567,962 |
| FIDELITYBK | 1,183,109,118 |
| MTNN | 627,343,784 |
| DANGSUGAR | 609,024,390 |
Top 10 companies by volume
| NAME | VOLUME |
| ACCESSCORP | 169,821,554 |
| FIDELITYBK | 144,213,548 |
| UBA | 133,247,951 |
| GTCO | 109,428,820 |
| CHAMS | 94,964,855 |
| TRANSCORP | 79,930,915 |
| JAPAULGOLD | 67,496,499 |
| FCMB | 56,508,244 |
| ZENITHBANK | 55,582,041 |
| CHIPLC | 53,536,862 |
Tuesday the 24th recorded the highest value of shares traded with N6.33bn; Friday comes next with N5.17bn worth of shares traded. In trading volume, Wednesday comes next with 3.2bn shares traded; Tuesday comes next with 3.1bn shares traded.
Monday recorded the lowest number of shares traded in trading value with N4.38bn worth of shares traded, while Friday the 27th recorded the lowest volume of shares traded with 2.14bn shares traded.
TOP 10 PRICE GAINERS
| COMPANY | OPEN | CLOSE | CHANGE (%) |
| CHAMS HOLDING COMPANY PLC | 1.49 | 1.90 | 27.52 |
| GEREGU POWER PLC | 315.00 | 380.00 | 20.63 |
| MULTIVERSE MINING AND EXPLORATION | 2.67 | 3.20 | 19.85 |
| UACN PLC | 11.00 | 13.10 | 19.09 |
| TANTALIZERS PLC | 0.29 | 0.34 | 17.24 |
| RED STAR EXPRESS PLC | 2.95 | 3.30 | 11.86 |
| THOMAS WYATT NIG PLC | 3.63 | 4.03 | 11.02 |
| NEIMETH INTERNATIONAL PHARM PLC | 1.55 | 1.72 | 10.97 |
| BERGER PAINTS PLC | 12.00 | 13.20 | 10.00 |
| IKEJA HOTEL PLC | 3.15 | 3.42 | 8.57 |
TOP 10 PRICE DECLINERS
| COMPANY | OPEN | CLOSE | CHANGE (%) |
| VFD GROUP | 269.30 | 218.20 | -18.98 |
| CONSOLIDATED HALLMARK INSURANCE PLC | 1.15 | 1.03 | -10.43 |
| SECURE ELECTRONIC TECHNOLOGY PLC | 0.30 | 0.27 | -10.00 |
| SUNU ASSURANCES NIGERIA PLC | 1.10 | 0.99 | -10.00 |
| MCNICHOLS PLC | 0.62 | 0.56 | -9.68 |
| PRESTIGE ASSURANCE PLC | 0.45 | 0.41 | -8.89 |
| INTERNATIONAL BREWERIES PLC | 4.60 | 4.20 | -8.70 |
| DAAR COMMUNICATIONS PLC | 0.23 | 0.21 | -8.70 |
| E-TRANZACT INTERNATIONAL PLC | 8.40 | 7.70 | -8.33 |
| ASSOCIATED BUS COMPANY PLC | 0.80 | 0.74 | -7.50 |
With the presidential election saga behind us and the Supreme Court ruling on Thursday (26th), many people expect to see the government focus on viable economic development in the face of the recent challenges plaguing the economy of the country.
The dollar/naira exchange rate has left many in doubt about whether there will be a respite or a quick change in the economic outlook. There is also speculation that the price of petroleum will go up in the coming days; this will no doubt cause a ripple effect on an already sensitive economy.
A further increase in the price of petroleum may lead to an increase in inflation in the long run. Hopefully, the economic team will implement strategies that will bring a major boost to the economy of the country for a more robust and healthy stock exchange.
