Investors Pump N19.845bn Into NGX for 2.729 billion Stocks in Five Days

As usual, equities in the financial services industry dominated the activity chart in the five-day trading week with 1.705 billion units worth N18.874 billion in 19,203 deals, contributing 62.48 per cent and 37.87 per cent to the total trading volume and value, respectively.

Shares in the ICT sector trailed with 286.657 million units valued at N6.346 billion in 2,603 deals, as energy stocks traded 209.404 million units worth N10.827 billion in 5,803 deals.

In the week, Coronation Insurance, e-Tranzact and FCMB accounted for 865.665 million shares valued at N3.629 billion in 1,149 deals, contributing 31.72 per cent and 7.28 per cent to the total trading volume and value, respectively.

Business Post reports that 51 shares appreciated in the week like the previous week, and 35 stocks depreciated versus 30 stocks of the preceding week, and 67 equities remained unchanged, lower than the 72 equities recorded a week earlier.

Golden Guinea Breweries topped the gainers’ chart after it gained 60.00 per cent to settle at N8.64, Africa Prudential appreciated by 59.72 per cent to N17.25, Tantalizers soared by 52.07 per cent to N1.84, Conoil improved by 33.52 per cent to N387.20, and Coronation Insurance leapt by 25.23 per cent to N1.34.

On the flip side, Secure Electronic Technology lost 22.86 per cent to close at 54 Kobo, Austin Laz shed 14.74 per cent to finish at N1.62, Haldane McCall depreciated by 11.11 per cent to N5.20, Julius Berger cracked by 10.00 per cent to N155.25, and John Holt crumbled by 9.96 per cent to N7.23.

When trading activities ended for the week, the All-Share Index (ASI) and the market capitalisation were up 1.19 per cent each to 99,378.06 points and N60.242 trillion, respectively.

Also, all other indices finished higher apart from NGX 30, Pension, AFR Bank Value, MERI Value, and industrial goods indices, which fell by 0.09 per cent, 0.07 per cent, 0.71 per cent, 0.86 per cent and 0.60 per cent, respectively, while the ASeM and sovereign bond indices closed flat.