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Business News

Investors Transact 2.668 billion Stocks Worth N106.3bn in One Week

Financial Stocks

A total of 2.668 billion stocks worth N106.3 billion exchanged hands in 107,998 deals on the Nigerian Exchange (NGX) Limited last week versus the 7.325 billion stocks valued at N156.425 billion in 134,383 deals in the preceding week.

The financial services space led the activity chart with 1.820 billion shares valued at N44.806 billion traded in 45,297 deals, contributing 68.21 per cent and 42.16 per cent to the total trading volume and value, respectively.

The services counter traded 324.191 million equities worth N1.761 billion in 8,018 deals, and the energy industry exchanged 143.185 million stocks for N37.741 billion in 7,788 deals.

Access Holdings, Tantalizers, and Zenith Bank accounted for 1.057 billion shares worth N24.652 billion in 13,924 deals, contributing 39.63 per cent and 23.20 per cent to the total trading volume and value apiece.

In the week, 20 equities appreciated versus 48 equities a week earlier, 60 stocks depreciated compared with 45 stocks in the previous week, and 67 shares closed flat versus 53 shares recorded in the previous week.

International Energy Insurance lost 22.06 per cent, McNichols slipped by 14.90 per cent to N2.57, Veritas Kapital declined by 14.89 per cent to N1.60, AIICO Insurance went down by 13.70 per cent to N3.15, and Living Trust Mortgage Bank crashed by 13.53 per cent to N3.58.

Conversely, NCR Nigeria gained 60.55 per cent to finish at N41.10, University Press appreciated by 17.65 per cent to N6.00, Tantalizers jumped by 17.29 per cent to N2.51, Caverton advanced by 17.02 per cent to N5.50, and UAC Nigeria rose by 16.67 per cent to N70.00.

At the close of business, the All-Share Index (ASI) depreciated by 2.24 per cent to 143,722.62 points and the market capitalisation slowed by 2.23 per cent to N91.415 trillion.

Similarly, all other indices finished lower with the exception sovereign bond index, which appreciated by 0.32 per cent.