The Nigerian stock market this past week recorded a trading value of N40.57bn with 2.45bn shares traded in 37,959 deals, in comparison to 1.45bn shares worth 25.42bn traded in 28,945 from the previous week.
Japualgold claimed the top spot in volume of shares traded with 3.36bn shares traded, followed by UBA with 3.26bn and Fidelity with 1.73bn shares traded. In trading value, UBA reclaimed the top spot this week after been ousted by GTCO last week; a total of N6.77bn worth of shares were traded, followed by MTN and GTCO with N4.68bn and N4.35bn respectively.
The financial sector continued its dominance of the stock market with “FUGAZ” exerting their dominance. FUGAZ is an acronym which stands for First bank, UBA, GTCO, Accesscorp and Zenith Bank, the top five tier 1 banks in Nigeria.
Top 10 companies by value
| COMPANY | VALUE |
| UBA | 6,771,720,229 |
| MTNN | 4,684,215,405 |
| GTCO | 4,344,630,169 |
| AIRTELAFRI | 3,197,876,350 |
| ZENITHBANK | 3,032,399,582 |
| GEREGU | 2,103,577,830 |
| FBNH | 2,079,081,488 |
| ACCESSCORP | 1,998,538,711 |
| FIDELITYBK | 1,445,268,462 |
| DANGSUGAR | 1,257,287,488 |
Top 10 companies by volume
| COMPANY | VOLUME |
| JAPAULGOLD | 336,256,399 |
| UBA | 325,972,945 |
| FIDELITYBK | 173,354,787 |
| UNIVINSURE | 161,917,019 |
| GTCO | 123,502,001 |
| ACCESSCORP | 115,154,120 |
| CHAMS | 109,754,971 |
| FBNH | 108,205,466 |
| ZENITHBANK | 90,238,262 |
| TRANSCORP | 83,091,583 |
Wednesday (1st) recorded the largest volume and value of shares traded. 6.01bn shares worth N11.01bn were traded on this day. On this day (Wednesday), the NGX All-Share Index recorded an all-time high of 70,581.76 points. In trading value, Friday comes next with N9.16bn to round up the week on a high note. Thursday recorded the second largest volume with 5.25bn shares traded followed by Tuesday with 4.83bn shares traded.
TOP PRICE GAINERS
| COMPANY | OPEN ( | CLOSE ( | CHANGE (%) |
| MUTUAL BENEFITS ASSURANCE PLC | 0.41 | 0.53 | 29.27 |
| JAPAUL GOLD AND VENTURES PLC | 0.99 | 1.27 | 28.28 |
| AIRTEL AFRICA PLC | 1400.10 | 1790.00 | 27.85 |
| OMATEK VENTURES PLC | 0.44 | 0.56 | 27.27 |
| CADBURY NIGERIA PLC | 12.60 | 15.75 | 25.00 |
| IKEJA HOTEL PLC | 3.42 | 4.20 | 22.81 |
| UACN PLC | 13.10 | 16.00 | 22.14 |
| N NIG FLOUR MILLS PLC | 16.50 | 20.00 | 21.21 |
| TANTALIZERS PLC | 0.34 | 0.41 | 20.59 |
| FTN COCOA PROCESSORS PLC | 1.56 | 1.84 | 17.95 |
TOP PRICE DECLINERS
| COMPANY | OPEN ( | CLOSE ( | CHANGE (%) |
| R T BRISCOE PLC | 0.50 | 0.43 | -14.00 |
| BETA GLASS PLC | 66.95 | 55.95 | -10.46 |
| MEYER PLC | 3.04 | 2.74 | -9.87 |
| ABBEY MORTGAGE BANK PLC | 2.06 | 1.86 | -9.71 |
| LEARN AFRICA PLC | 3.30 | 2.98 | -9.70 |
| THOMAS WYATT NIG PLC | 4.03 | 3.70 | -8.19 |
| ELLAH LAKES PLC | 3.88 | 3.59 | -7.47 |
| JAIZ BANK PLC | 1.68 | 1.57 | -6.55 |
| VED GROUP PLC | 218.20 | 205.00 | -6.05 |
| MTN NIGERIA COMMS PLC | 246.50 | 234.00 | -5.07 |
As earlier stated, the NGX All-Share Index recorded an all high time on Wednesday (1st). Analysts and investors see this as a positive sign concerning the economy of the country. This milestone can be attributed to the economic policies and reforms by the present administration in recent times.
There’s hope this milestone could attract more investors and also bring about some economic relief. The naira/dollar exchange rate has been an area of concern, the price of goods, commodities, and services have been on the increase. In the coming days, many expect an effective response from the government to combat this trend and also reduce the rate of inflation.
