By Chinedu & Providence Obuh
Hope rises for investorsÂ on the Nigerian Stock Exchange (NSE) as the value of their investments appreciated last week by N189.43 billion.
Particularly, the value of their investment, represented by the market capitalisation rose by 3.62 per cent to close the week at N5.420 trillion from N5.230 trillion at which it opened.
The All-share index, another key market indices, appreciated by 3.44 per cent to close at 23,271.69 points from 22,497.27 points at which it opened.
Oando Plc recorded the most share price gain, rising by N4.70 to close at N92.20 per share, followed by Nigeria Bottling Company Plc with N2.83 to close at N20.88 per share and Ecobank transnational Incorporated plc gained N2.70 to close at N21.66 per share.
Other share price gainers include: UACN Property Development Company Plc N2.05, RT Briscoe Nigeria Plc N1.61, Seven-up Bottling Company Plc N1.42, Cement Company of Northern Nigeria Plc N1.40, Guaranty Trust Bank Plc N1.37, Vitafoam Nigeria Plc N1.01, andÂ First City Monument Bank Plc N1.01, among others.
On the contrary, Lafarge Cement wapco Nigeria Plc recorded the most share price loss, dropping by N3.95 to close at N30.05 per share, followed by Conoil Plc with a share price loss of N3.51 to close at N32.49 per share and Julius Berger Nigeria Plc lost N1.69 to close N26.41 per share.
Other share losers include: Guinness Nigeria Plc N1.55, Eterna Oil and Gas Plc N1.40, The Okomu Oil Palm Plc N1.25, Nigeria Breweries Plc N0.91, Nigeria-German Chemicals Plc N0.79, United Bank for Africa Plc N0.59, and Africa Petroleum Plc N0.30, among others.
Equity trading also recorded a significant improvement in the week under review, appreciating by 45.5 percent, with a turnover of 3.2 billion shares valued at N22.11 in 33,985 deals in contrast to the previous weekâ€™s turnover of 2.2 billion shares valued at N16.14 billion in 27,236 deals.
The Banking sub-sector emerged the most active during the week under review with 2.02 billion shares valued at N16.35 billion in 19,701 deals. Volume in the Banking sub-sector was largely driven by activity in the shares of Access Bank Plc exchanging 561.33 million shares valued at N3.96 billion in 978 deals, followed by First City Monument Plc transacting 220.81 million shares valued at N1.57 billion in 391 deals and Zenith Bank Plc recorded 191.90 million shares valued at N2.87 billion shares in 1,368 deals.
The Insurance sub-sector followed in the sectorial analysis with a turnover of 383.95 million shares valued at N386.9 million in 2,432 deals.
This was boosted by activity in the shares of International Energy Insurance Plc recording 47.57 million shares valued at N34.94 million in 259 deals, followed by Cornerstone Insurance Plc exchanging 38.28 million shares valued at N40.05 million in 80 deals and Mutual Benefits Assurance Plc recorded 38,21 million shares valued at N24.45 million in 88 deals.