At the Nigerian Exchange (NGX) Limited last week, the trio of Access Holdings, United Bank for Africa (UBA), and Japaul Gold and Ventures respectively accounted for 20.19 per cent and 17.33 per cent of the total volume and value of shares traded by investors, with 745.391 million units valued at N19.457 billion in 15,720 deals.
According to data, the market participants bought and sold 3.691 billion equities worth N112.261 billion in 138,250 deals compared with 17.498 billion equities valued at N500.762 billion transacted in 142,082 deals a week earlier.
It was observed that the financial services industry led the activity chart with 2.127 billion stocks valued at N47.298 billion traded in 57,121 deals, contributing 57.62 per cent and 42.13 per cent to the total trading volume and value, respectively.
The agriculture sector followed with 273.694 million shares worth N12.872 billion in 11,284 deals, and the energy counter transacted 255.144 million shares worth N11.808 billion in 10,706 deals.
Sixty stocks gained weight in the week versus 49 stocks recorded in the preceding week, 43 equities depreciated compared with 54 equities a week earlier, and 44 shares closed flat, in contrast to the 44 shares reported in the previous week.
The Initiates topped the advancers’ group after it chalked up 60.82 per cent to trade at N16.13, Academy Press grew by 33.00 per cent to N9.31, Nigerian Enamelware improved by 32.68 per cent to N27.00, Wema Bank expanded by 23.60 per cent to N19.90, and Presco gained 22.53 per cent to end at N1,550.
On the flip side, Secure Electronic Technology declined by 23.97 per cent to 92 Kobo, Omatek slumped by 23.93 per cent to N1.24, Meyer plunged by 21.43 per cent to N16.50, Neimeth crumbled by 19.25 per cent to N6.50, and ABC Transport slipped by 18.76 per cent to N4.59.
At the close of transactions, the All-Share Index (ASI) and the market capitalisation appreciated by 2.18 per cent to 134,452.93 points and N85.055 trillion, respectively.
Similarly, all other indices finished higher except the ASeM index, which closed flat.