Business Stock Market Last Week: Conoil, Seplat And Dangote Sugar On Top Losers' List

Temitope

Temitope Akinola
The fall in oil prices has continued to take its toll on the performance of the oil companies on the Exchange. Three oil companies; Conoil plc, Seplat Petroleum and Forte Oil Plc are on the list of top losers in last week's market which closed Friday, 4th Septemeber.

Conoil opened at N33.28 and closed at N30.05; Seplat opened at N244.69 and closed at N226.03; FO opened at 249.89 and closed at 234.99.

Meanwhile, Dangote Sugar which topped the list of price gainer the previous week now found itself on the top losers list. See NSE full list of top decliners below.

Top 10 Price Decliners
top price decliners sept 4.JPG


On the list of top 10 price gainers are Ikeja Hotel Plc which moved from 2.71 to 3.43 gaining 26.57%. The banking sector had good performance as three banks namely; Stanbic IBTC, UBA and Diamond Bank are also on the top gainers list. See NSE full list of top gainers below.

Top 10 Price Gainers
Top Price gainers sept 4.JPG


On the general performance of the market for the week in review, a turnover of 2.440 billion shares worth N21.071 billion in 22.736 deals were traded by investors on the floor of the Exchange in contrast to a total of 2.051 billion shares valued at N17.869 billion that exchanged hands the previous week in 21,762 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.027 billion shares valued at N14.261 billion traded in 12,944 deals; thus contributing 83.09% and 67.68% to the total equity turnover volume and value respectively. The Natural Resources Industry followed with a turnover of 133.889 million shares worth N67.005 million in 16 deals. The third place was occupied by the Conglomerates Industry with 96.469 million shares worth N589.284 million in 1,238 deals.

Trading in the Top Three Equities namely – Access Bank Plc.; Zenith International Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 1.297 billion shares worth N10.047 billion in 4,732 deals, contributing 53.18.% and 47.68% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 11,357 units of Exchange Traded Products (ETPs) valued at N5.868 million executed in 24 deals compared with a total of 10,627 units valued at N678,291.94 transacted the previous week in 22 deals.

A total of 3,489 units of Federal Government Bonds valued at N3. 674 million were traded last week in 8 deals. There was no bond traded in the previous week.

The NSE All-Share Index and Market Capitalization appreciated by 2.42% to close on Friday, 4th September at 29,511.08 and N10.148 trillion respectively.
 
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