EQUITIES MARKET GAINED N203BN IN NOVEMBER
Investors in the equities market saw gains worth N203bn in November, 2019. The market capitalisation of equities increased from N12.830tn on October 31 to close at N13.033tn on 30th of November, 2019. On the last trading day in November, investors gained N84bn.
A total turnover of 1.161 billion shares worth N13.174bn in 18,142 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 1.416 billion shares valued at N7.249bn that exchanged hands last week in 20,303 deals.
The financial services industry (measured by volume) led the activity chart with 801.229 million shares valued at N6.219bn and traded in 10,415 deals, thus contributing 68.98 per cent and 47.20 per cent to the total equity turnover volume and value, respectively.
The conglomerate industry followed with 139.940 million shares worth N585.927m in 943 deals. The third place was occupied by the consumer goods industry with a turnover of 84.546 million shares worth N3.445bn in 2,674 deals.
Trading in the top three equities namely, Law Union & Rock Insurance Plc, Zenith Bank Plc and United Bank for Africa Plc (measured by volume), accounted for 369.396 million shares worth N3.086bn in 3,360 deals, contributing 31.80 per cent and 23.43 per cent to the total equity turnover volume and value, respectively.
Thirty-one equities appreciated in price last week, lower than 40 equities in the previous week while 32 equities depreciated in price, higher than 23 equities in the previous week. The top five gainers last week were Neimeth Pharmaceutical Plc, A.G Leventis Nigeria Plc, Royal Exchange Plc, Lasaco Assurance Plc and UACN Plc, which gained 30.36 per cent, 20 per cent, 15 per cent, 13.04 per cent and 11.89 per cent, respectively.