Consumer goods’ lift capitalisation by 1.8%

Consumer goods stocks like that of Honeywell Flourmills Plc closed higher at the end of last week’s transactions on the Nigerian Exchange Limited (NGX).

It led nine others on the gainers’ chart with 28.93 per cent to close at N2.05 kobo.

Following Honeywell was Northern Nigeria flourmills, which added 22.76 per cent to close at N7.55 kobo per share.

Other gainers were Airtel Africa, Conoil, Neimeth Pharmaceuticals, adding 15.38 per cent, 9.83 per cent and 9.33 per cent to close at N750, N22.36 kobo and N1.64 kobo respectively.

Skyway Aviation Handling Company, Pharmdeko and Academy Press also increased by 9.18 per cent, 9.17 per cent and 7.89 per cent to close at N3.45 kobo, N1.19 kobo and 41 kobo in that order.

On the other hand, Juli Plc emerged the highest price loser with 18.02 per cent to close at 91 kobo while Regency Assurance followed with 12.5 per cent to close at 42 kobo.

Cutix depreciated by 11.5 per cent to close at N5. Consolidated Hallmark Insurance and SFS Real Estate Investment Trust shed 10.17 per cent and 9.99 per cent to close at 53 kobo and N61.75 kobo.

University Press, Wema Bank and Veritas Kapital Assurance also lost 9.79 per cent, 9.2 per cent and 8.33 per cent to close at N1.29 kobo, 79 kobo and 22 kobo respectively.

Consequently, the NGX all-share index and market capitalisation appreciated by 1.8 per cent to close the week at 39,522.34 and N20.592 trillion respectively.

Similarly, all other indices finished higher except NGX Premium, NGX Insurance, NGX ASem, NGX AFR Div Yield and NGX Industrial Goods indices, which depreciated by 0.17 per cent, 2.37 per cent, 2.82 per cent, 0.24 per cent and 1.35 per cent respectively, while the NGX Growth Index closed flat.

A turnover of 1.6 billion shares worth N12.6 billion was recorded in 18,622 deals traded by investors on the floor of the exchange.

The financial services industry (measured by volume) led the activity chart with 584.8 million shares valued at N3.7 billion traded in 8,658 deals, thus contributing 36.32 per cent to the total equity turnover.

The consumer goods industry followed with 525.9 million shares worth N3.7 billion in 3,553 deals.

The natural resources industry ranked third with a turnover of 250.9 million shares worth N1.4 billion in 72 deals.

Trading in the top three equities namely Honeywell Flour Mill Plc, B.O.C. Gases Plc and Flour Mills Nigeria Plc (measured by volume) accounted for 724.1 million shares worth N 3.9 billion in 1,061 deals, contributing 44.97 per cent to the total equity turnover volume.

A total of 28,938 units of Exchange Traded Products (ETPs) valued at N949, 074.38 were traded in 13 deals compared with a total of 17,550 units worth N34 million transacted in 36 deals during the preceding week

Also, 139,062 units of bonds, valued at N139.7 million were traded in 19 deals compared with a total of 702,021 units worth N709.3 million transacted during the preceding week in 17 deals.