A total of 7.479 billion equities valued at N145.429 billion were transacted in 159,487 deals on the floor of the Nigerian Exchange (NGX) Limited last week, higher than the 3.695 billion equities sold for N129.889 billion in 148,077 deals in the preceding week.
This significant rise in turnover was influenced by the large-ticket trade in Cornerstone Insurance last Friday.
Data from Customs Street showed that Cornerstone Insurance, Wema Bank, and GTCO accounted for 5.268 billion units worth N48.964 billion in 9,663 deals, contributing 70.43 per cent and 33.67 per cent to the total trading volume and value, respectively.
In the week, financial stocks dominated the activity chart with 6.639 billion units valued at N74.629 billion traded in 65,294 deals, contributing 88.77 per cent and 51.32 per cent to the total trading volume and value apiece.
Services shares posted a turnover of 215.575 million units sold for N2.709 billion in 9,036 deals, and consumer goods equities exchanged 125.931 million units worth N7.334 billion in 18,857 deals.
Business Post reports that 29 stocks gained weight versus 44 stocks a week earlier, as 70 equities depleted versus 49 equities in the previous week, and 47 shares closed flat versus 53 shares in the preceding week.
Aso Savings led the gainers’ log after its price surged by 56.06 per cent to N1.03, Julius Berger appreciated by 13.28 per cent to N151.80, Oando jumped by 11.87 per cent to N48.05, Berger Paints grew by 9.25 per cent to N42.50, and Ecobank went up by 8.19 per cent to N38.95.
On the flip side, Omatek shed 21.94 per cent to close at N1.21, John Holt depreciated by 16.92 per cent to N5.40, Caverton decreased by 16.15 per cent to N5.45, crashed by 15.90 per cent to N105.00, and eTranzact deflated by 15.33 per cent to N12.70.
The All-Share Index (ASI) and the market capitalisation depreciated by 0.98 per cent each to 154,126.46 points and N97.829 trillion, respectively.
Similarly, all other indices finished lower with the exception of the AFR Div Yield, MERI Growth, energy, sovereign bond and commodity indices, which improved by 0.73 per cent, 1.01 per cent, 0.30 per cent, 0.50 per cent, and 0.15 per cent, respectively.