CEM REPORT, MARKET | Fidelity Bank shares appreciated by 22.89% leading it to top the gainers table in the week ended 31st May having closed the week with at N10.20 from its opening price of N8.30
For Friday trading, FIDELITYBK closed its last trading day (Friday, May 31, 2024) at 10.20 NGN per share on the Nigerian Stock Exchange (NGX), recording a 3% gain over its previous closing price of 9.90 NGN.
According to African Xchanges, Fidelity Bank is the eighth most traded stock on the Nigerian Stock Exchange over the past three months (Feb 27 – May 31, 2024). FIDELITYBK has traded a total volume of 800 million shares—in 15,241 deals—valued at NGN 7.73 billion over the period, with an average of 12.7 million traded shares per session. A volume high of 50.8 million was achieved on March 28th, and a low of 1.22 million on May 2nd, for the same period.
According to NGX weekly report, the week trading by investors produced a total turnover of 2.189 billion shares worth N31.303 billion in 39,362 deals, in contrast to a total of 1.986 billion shares valued at N40.715 billion that exchanged hands last week in 38,487 deals.
In consistence with trend, the Financial Services Industry (measured by volume) led the activity chart with 1.914 billion shares valued at N23.922 billion traded in 21,717 deals; thus contributing 87.41% and 76.42% to the total equity turnover volume and value respectively. The Oil and Gas Industry followed with 55.349 million shares worth N3.093 billion in 2,109 deals. The third place was the Agriculture Industry, with a turnover of 45.085 million shares worth N377.619 million in 1,615 deals.
Trading in the top three equities namely Abbey Mortgage Bank Plc, Access Holdings Plc and Zenith Bank Plc (measured by volume) accounted for 1.129 billion shares worth N14.914 billion in 6,494 deals, contributing 51.57% and 47.64% to the total equity turnover volume and value respectively.
The NGX All-Share Index and Market Capitalization appreciated by 1.73% to close the week at 99,300.38 and N56.172 trillion respectively. Similarly, all other indices finished higher with the exception NGX Industrial Goods and NGX Growth which depreciated by 0.13% and 0.29% respectively while the NGX ASeM and NGX Sovereign Bond indices closed flat.
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Forty-five (45) equities appreciated in price during the week higher than twenty-four (24) equities in the previous week. Twenty-five (25) equities depreciated in price lower than fifty-three (53) in the previous week, while eighty-four (84) equities remained unchanged, higher than seventy-six (76) recorded in the previous week
