The activity chart of the Nigerian Exchange (NGX) Limited was led last week by the trio of Ellah Lakes, Chams Holding Company, and Fidelity Bank, accounting for 430.968 million units valued at N5.597 billion executed in 10,254 deals, contributing 18.86 per cent and 6.20 per cent to the total trading volume and value, respectively.
Business Post reports that in the five-day trading week, investors bought and sold 2.286 billion shares worth N90.280 billion in 138,177 deals versus the 8.403 billion shares valued at N115.501 billion transacted a week earlier in 115,801 deals.
It was observed that financial stocks were the busiest in the week with 1.355 billion units sold for N24.588 billion in 59,553 deals, accounting for 59.28 per cent and 27.23 per cent of the total trading volume and value apiece.
ICT equities posted a turnover of 182.822 million units worth N7.807 billion in 12,597 deals, and agriculture shares traded 181.501 million units valued at N3.548 billion in 8,924 deals.
The best-performing equity for the week was Sovereign Trust Insurance, which gained 16.73 per cent to sell for N3.21, Omatek chalked up 12.30 per cent to trade at N1.37, AXA Mansard rose by 11.81 per cent to N16.10, Chams improved by 11.69 per cent to N4.30, and Eunisell jumped by 11.39 per cent to N44.00.
The worst-performing stock was LivingTrust Mortgage Bank with a 14.61 per cent loss to close at N5.20, Neimeth declined by 10.96 per cent to N6.01, Union Homes REIT shed 9.98 per cent to N51.85, Meyer depreciated by 9.85 per cent to N15.19, and Juli lost 9.60 per cent to quote at N8.95.
In the week, 51 stocks gained weight compared with the 53 stocks in the previous week, 41 shares depleted in value versus 43 shares a week earlier, and 55 equities closed flat, in contrast to 51 equities in the preceding week.
The All-Share Index (ASI) and the market capitalisation went up by 2.37 per cent each to 146,988.04 points and N93.296 trillion, respectively.
Similarly, all other indices finished higher apart from the banking, AseM, and AFR Bank Value indices, which lost 0.41 per cent, 9.44 per cent, and 1.00 per cent, respectively.