BY BUSAYO SAMUEL
Stocks in the oil and gas sector of the Nigerian bourse emerged toast of investors last week as investors acquired shares worth N13.45billion from players in the industry led by OANDO Plc.
The oil and gas industry according to report from the Nigerian Exchange Limited accounted for about 59 percent of the turnover of the market in terms of volume with 2.014billion shares exchanging hands in 1,350 deals in the week ended November 26, 2021.
The sector majorly driven by activities in the shares of Oando Plc, contributed about 44 percent of turnover (measured by value) in the review period.
The Financial Service Industry followed with 1.052 billion shares worth N10.168 billion in 10,941 deals on the activities chart while the Consumer Goods Industry placed third with a turnover of 183.803 million shares worth N4.492 billion in 4,007 deals.
Trading in the top three equities namely Oando Plc, FBN Holdings Plc and Guaranty Trust Holding Company Plc (measured by volume) accounted for 2.283 billion shares worth N17.395 billion in 3,645 deals, contributing 66.47% and 56.27% to the total equity turnover volume and value respectively.
Meanwhile, a total turnover of 3.435 billion shares worth N30.915 billion in 21,109 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 1.392 billion shares valued at N27.886 billion that exchanged hands the preceding week in 19,990 deals.
At the ETP segment of the market, a total of 147 units valued at N15, 766.78 were traded in 7 deals compared with a total of 54,936 units valued at N481, 455.15 transacted previous week in 19 deals.
Investors in the Bonds market traded a total of 31,275 units valued at N33.596 million in 21 deals compared with a total of 65,606 units valued at N68.507 million transacted in the previous week in 9 deals.
The NGX All-Share Index and Market Capitalization appreciated by 0.25% and 0.24% respectively to close the week at 43,308.29 and N22.598 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX 30, NGX CG, NGX Banking, NGX Pension, NGX-AFR Bank Value, NGX MERI Growth, NGX Consumer Goods, NGX Oil/Gas and NGX Industrial Goods indices which depreciated by 0.43%, 0.36%, 0.29%, 0.07%, 0.16%, 0.26%, 2.00%, 0.87% and 0.03% respectively, while the NGX ASeM Index closed flat.
Twenty-nine (29) equities appreciated in price during the week, higher than Fifteen (15) equities in the previous week. Thirty-six (36) equities depreciated in price, lower than Forty-nine (49) equities in the previous week, while ninety-one (91) equities remained unchanged lower than ninety-two (92) equities recorded in the previous week. Also in the review period, the Federal Government of Nigeria listed two FGN Savings Bonds issued in November 2021.
