The activity chart witnessed a significant spike in trading activities on the floor of the Nigerian Exchange (NGX) Limited last week, recording a turnover of 7.684 billion shares worth N494.126 billion in 116,645 deals versus the 2.735 billion shares valued at N85.197 billion traded in 127,284 deals in the preceding week.
The financial services industry led the activity chart with 6.399 billion equities sold for N71.807 billion in 54,799 deals, contributing 83.27 per cent and 14.53 per cent to the total trading volume and value, respectively.
The energy sector transacted 730.517 million stocks worth N391.364 billion in 7,059 deals, and the services space exchanged 128.647 million shares valued at N962.909 million in 5,863 deals.
The trio of Unity Bank, Aradel Holdings, and Consolidated Hallmark accounted for 5.209 billion stocks worth N404.945 billion in 2,667 deals, contributing 67.79 per cent and 81.95 per cent to the total trading volume and value, respectively.
In the week, 32 equities appreciated versus 40 equities in the previous week, as 51 equities depreciated compared with 41 equities a week earlier, and 64 equities closed flat, in contrast to 66 equities in the preceding week.
Thomas Wyatt topped the gainers’ chart after it gained 22.68 per cent to finish at N3.30, Secure Electronic Technology chalked up 21.33 per cent to settle at 91 Kobo, Mecure expanded by 20.83 per cent to N26.10, Chellarams improved by 11.30 per cent to N16.25, and Royal Exchange rose by 10.29 per cent to N2.25.
On the flip side, Wema Bank led the losers’ log after it shed 12.41 per cent to N18.00, Fidelity Bank depreciated by 11.08 per cent to N18.45, Eterna slipped by 10.00 per cent to N27.90, Ikeja Hotel plunged by 9.80 per cent to N20.70, and Africa Prudential went down by 9.09 per cent to N14.50.
At the close of business for the week, the All-Share Index (ASI) appreciated by 0.20 per cent to 142,133.03 points and the and the market capitalisation grew by 0.24 per cent to N89.960 trillion.
In the same vein, all other indices finished higher except the NGX CG, pension, insurance, MERI Growth, energy Lotus II, pension broad and commodity indices, which depreciated by 0.08 per cent, 0.15 per cent, 0.91 per cent, 0.35 per cent, 1.62 per cent, 0.52 per cent, 0.07 per cent and 0.91 per cent, respectively while the AseM and sovereign bond indices closed flat.