A total of 3.932 billion shares valued at N74.813 billion were bought and sold in 105,220 deals by investors on the floor of the Nigerian Exchange (NGX) Limited last week,
This was an improvement from the 2.606 billion shares worth N63.785 billion executed in 77,593 deals in the preceding week, according to data from the bourse.
This rise in the level of activity was driven by Royal Exchange, Fidelity Bank, and Tantalizers, which accounted for 1.610 billion stocks worth N8.897 billion in 8,079 deals, contributing 40.95 per cent and 11.89 per cent to the total trading volume and value, respectively.
Analysis showed that the financial services sector led the activity chart with 2.405 billion equities sold for N32.271 billion in 44,570 deals, contributing 61.16 per cent and 43.14 per cent to the total trading volume and value, respectively.
The services counter exchanged 442.995 million equities worth N4.201 billion in 7,523 deals, and the consumer goods space with 283.157 million equities valued at N12.678 billion in 15,675 deals.
Cutix topped the gainers’ chart after it gained 21.92 per cent to sell for N3.17, Custodian Investment appreciated by 21.45 per cent to N21.80, Red Star Express leapt by 20.90 per cent to N6.71, John Holt rose by 20.63 per cent to N7.60, and Eunisell increased by 20.47 per cent to N12.95.
Conversely, Neimeth lost 17.03 per cent to trade at N3.07, ABC Transport declined by 15.59 per cent to N2.49, Transcorp Hotels dropped 15.09 per cent to N138.50, NPF Microfinance Bank depreciated by 12.79 per cent to N2.25, and FTN Cocoa slipped by 11.97 per cent to N2.28.
When Customs Street closed for the week last Friday, a total of 52 stocks appreciated versus 61 stocks in the previous week, 41 equities depreciated compared with 31 equities of the preceding week, and 55 shares closed flat, in contrast to the 56 shares recorded a week earlier.
Business Post reports that in the five-day trading week, the All-Share Index (ASI) and the market capitalisation went down by 0.62 per cent and 0.29 per cent each to 109,028.62 points and N68.752 trillion, respectively.
Apart from the ASeM index, which closed flat and the insurance, AFR Div Yield, consumer goods, and industrial goods indices, which closed higher by 0.73 per cent, 0.11 per cent, 2.18 per cent and 0.72 per cent, respectively, all other indices finished lower.