Access Holdings, Fidelity Bank, Universal Insurance Emerge Busiest Stocks on NGX

In the four-day trading week, investors bought and sold 1.525 billion shares valued at N43.006 billion in 51,156 deals, in contrast to the 2.094 billion shares worth N52.967 billion traded in 64,612 deals in the previous week.

Data showed that financial equities led the activity chart with 1.122 billion units sold for N24.015 billion in 28,818 deals, contributing 73.56 per cent and 55.84 per cent to the total trading volume and value, respectively.

Business Post reports that ICT stocks recorded a turnover of 101.252 million units worth N4.819 billion in 2,541 deals, and services shares traded 99.776 million units valued at N1.230 billion in 3,063 deals.

Abbey Mortgage Bank topped the gainers’ chart with a price appreciation of 46.17 per cent to settle at N8.96, Nigerian Breweries gained 13.13 per cent to sell for N36.20, ABC Transport grew by 12.70 per cent to N1.42, Livestock Feeds rose by 11.24 per cent to N9.50, and Unilever Nigeria increased by 9.65 per cent to N38.05.

On the flip side, GTCO topped the losers’ table after it shed 13.24 per cent to finish at N59.00, Zenith Bank lost 11.91 per cent to quote at N44.00, DAAR Communications weakened by 11.11 per cent to 56 Kobo, Caverton dropped 10.63 per cent to N2.27, and RT Briscoe declined by 10.38 per cent to N1.90.

A total of 31 equities appreciated during the week versus 27 equities in the previous week, 44 shares depreciated versus 56 shares of the preceding week, and 72 stocks closed flat versus the 64 stocks recorded a week earlier.

When the market closed last Thursday because of the public holiday on Friday for the Easter break, the All-Share Index (ASI) and the market capitalisation depreciated by 0.32 per cent each to 104,233.81 points and N65.499 trillion, respectively.

Also, all other indices finished lower except the premium, pension, MERI Growth, consumer goods, energy, Lotus II, growth, sovereign bond and pension broad indices, which gained 0.57 per cent, 0.42 per cent, 2.67 per cent, 2.33 per cent, 0.20 per cent, 0.16 per cent, 0.26 per cent, 0.39 per cent, and 0.55 per cent, respectively, while the AseM and commodity indices closed flat.