Investors Transact 2.618 billion Shares Worth N69.742bn in One Week

Business Post reports that last week, the market opened for four trading days as a result of the New Year public holiday observed last Wednesday.

In the previous week, the NGX operated for three days after the federal government declared Wednesday, December 25 and Thursday, December 26, 2024, as public holidays for Christmas and Boxing Day.

In the period under review, financial shares dominated the bourse with 1.751 billion units worth N17.079 billion in 20,595 deals, contributing 66.88 per cent and 24.49 per cent to the total trading volume and value, respectively.

Services stocks traded 205.807 million units valued at N1.829 billion in 3,654 deals as ICT equities recorded the sale of 189.938 million units worth N1.844 billion in 3,686 deals.

Royal Exchange, Chams, and Universal Insurance accounted for 612.033 million shares worth N773.439 million in 2,108 deals, contributing 23.38 per cent and 1.11 per cent to the total trading volume and value, respectively.

Prestige Assurance was the best-performing stock last week with a price appreciation of 46.00 per cent to trade at N1.46, Neimeth gained 45.26 per cent to settle at N2.76, Sovereign Trust Insurance expanded by 45.16 per cent to N1.35, Coronation Insurance rose by 44.92 per cent to N2.71, and Universal Insurance improved by 43.64 per cent to 79 Kobo.

The worst-performing stock in the week was PZ Cussons with a decline of 13.79 per cent to finish at N25.00, CWG lost 10.83 per cent to trade at N7.00, Union Dicon Salt fell by 10.00 per cent to N7.20, NGX Group shrank by 9.17 per cent to N27.25, and Cadbury Nigeria went down by 6.52 per cent to N21.50.

At the close of business, 82 equities appreciated versus 64 equities in the previous week, 18 shares depreciated compared with 20 shares of the preceding week, and 52 stocks closed flat, in contrast to 69 stocks a week earlier.

Last week, the All-Share Index (ASI) and the market capitalisation appreciated by 1.42 per cent and 2.02 per cent to 103,586.33 points and N63.166 trillion, respectively.

Similarly, all other indices finished higher apart from the energy and sovereign bond indices, which depreciated by 0.45 per cent and 3.28 per cent, respectively while the ASeM and commodity indices closed flat.