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Business News

Investors Transact 2.422 billion Shares Worth N76.6bn in Five Days

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Last week, on the floor of the Nigerian Exchange (NGX) Limited, investors transacted 2.422 billion shares worth N76.618 billion in 126,591 deals compared with the 2.286 billion shares valued at N90.280 billion traded in 138,177 deals in the preceding week.

Data showed that financial equities led the activity chart with 1.662 billion units sold for N32.565 billion in 56,253 deals, contributing 68.65 per cent and 42.50 per cent to the total trading volume and value, respectively.

ICT stocks traded 184.884 million units valued at N8.662 billion in 11,500 deals, and services shares exchanged 154.537 million units valued at N1.066 billion in 5,975 deals.

Consolidated Hallmark, Fidelity Bank, and Access Holdings were the busiest stocks in the five-day trading week with 618.549 million units valued at N9.220 billion in 9,277 deals, contributing 25.54 per cent and 12.03 per cent to the total trading volume and value, respectively.

A total of 52 equities appreciated in the week versus 51 equities in the previous week, 41 shares depreciated same as the preceding week, and 53 stocks closed flat the 55 stocks posted a week earlier.

Sovereign Trust Insurance was the best-performing equity as it gained 11.21 per cent to sell for N3.57, Royal Exchange improved by 11.11 per cent to N2.40, Eunisell expanded by 10.00 per cent to N48.40, SFS REIT rose by 9.88 per cent to N418.75, and Omatek grew by 9.49 per cent to N1.50.

On the flip side, Tripple Gee was the worst-performing equity after it gave up 18.84 per cent to trade at N4.91, Academy Press lost 17.92 per cent to quote at N7.88, Regency Alliance depleted by 13.94 per cent to N1.42, LivingTrust Mortgage Bank slipped by 13.46 per cent to N4.50, and Industrial and Medical Gases depreciated by 987 per cent to N32.40.

Business Post reports that the All-Share Index (ASI) gained 1.35 per cent to settle at 148,977.64 points, while the market capitalisation appreciated by 1.36 per cent to N94.561 trillion.

In the same vein, all other indices finished higher except the NGX CG, banking, AFR Bank Value, AFR Div Yield, MERI Growth, MERI Value and growth indices, which went down by 0.19 per cent, 0.13 per cent, 0.51 per cent, 0.93 per cent, 0.97 per cent, 0.68 per cent, and 2.08 per cent, respectively.