BUA Cement Plc, one of the major cement manufacturing firms listed on the Nigerian Exchange Group Plc’s (NGX) industrial goods sub-sector, recorded a gain of N498.006 billion at the end of weekly trading to lead the gainers’ chart of the week.
The increase followed a week of sustained positive sentiment on the stock market.
Checks by entrepreneurng revealed that the industrial goods stock increased by 19.09% to N91.70 per share from N77.00 when the trading week began on Monday, December 5th.
According to further analysis, BUA ended the trading week with a market capitalisation of N3.105 trillion, up from N2.607 trillion at the start of the trading week.
Other gainers for the week:
- ROYALEX up + 12.50% to close at N0.81
- ETI up + 11.44% to close at N11.20
- GUINNESS up + 10.00% to close at N69.30
- PRESTIGE up + 9.52% to close at N0.46
Following the rise in BUA, the NGX All-Share Index and Market Capitalization rose by 1.51% to end the week at 48,881.93 and N26.625 trillion, respectively.
Similarly, all other indices finished higher except for the NGX CG, NGX Premium, NGX Banking, NGX Pension, NGX AFR Bank Value, NGX AFR Div Yield, NGX MERI Growth, NGX MERI Value, and NGX Sovereign Bond indices, which fell by 0.91%, 1.23%, 0.25%, 0.39%, 1.53%, 0.79%, 0.79%, 0.2
This week, investors on the Exchange-traded 1.225 billion shares worth N15.243 billion in 15,317 transactions, compared to 839.978 million shares worth N12.418 billion traded in 16,183 transactions last week.
- The Financial Services Industry (measured by volume) led the activity chart with 514.067 million shares valued at N5.104 billion traded in 6,489 deals, thus contributing 41.97% and 33.48% to the total equity turnover volume and value, respectively.
- The Construction/Real Estate Industry followed with 463.348 million shares worth N1.620 billion in 210 deals. The third place was the Conglomerates Industry, with a turnover of 69.017 million shares worth N86.431 million in 528 deals.
- Trading in the top three equities, namely UPDC Real Estate Investment Trust, FBN Holdings Plc and Transnational Corporation Plc (measured by volume), accounted for 765.230 million shares worth N4.282 billion in 847 deals, contributing 62.47% and 28.09% to the total equity turnover volume and value respectively.
