Investors Transact N63.517bn Shares in 60,782 Deals in Five Days

Data showed that Sovereign Trust Insurance, Champion Breweries, and Jaiz Bank were the most attractive stocks, accounting for 1.621 billion units sold for N3.244 billion in 1,528 deals, contributing 49.42 per cent and 5.11 per cent to the total trading volume and value, respectively.

Financial equities dominated the activity chart in the five-day trading week, with 2.302 billion units worth N25.014 billion traded in 27,625 deals, contributing 70.17 per cent and 39.38 per cent to the total trading volume and value, respectively.

Consumer goods stocks followed with the sale of 421.846 million units for N3.796 billion in 6,149 deals, as services shares exchanged 228.075 million units for N800.274 million in 4,741 deals.

Livestock Feeds topped the price gainers’ log after chalking up 22.16 per cent to settle at N10.20, Caverton jumped by 15.38 per cent to N3.00, FTN Cocoa expanded by 14.20 per cent to N1.85, CWG gained 13.21 per cent to N9.00, and Tantalizers surged by 13.13 per cent to N2.93.

The price losers’ chart was led by Neimeth after its value went down by 17.00 per cent to N2.49, MeCure declined by 10.36 per cent to N11.25, International Energy Insurance slipped by 10.26 per cent to N1.75, University Press retreated by 10.00 per cent to N4.32, and Conoil also fell by 10.00 per cent to N331.20.

Business Post reports that when the market closed last Friday, 38 stocks appreciated versus 30 stocks of the preceding week, 46 equities depreciated compared with 58 equities a week earlier, and 66 shares closed flat, in contrast to 62 shares in the previous week.

The All-Share Index (ASI) and the market capitalisation lost 0.55 per cent in the week to finish at 105,955.13 points and N66.352 trillion, respectively.

Similarly, all other indices finished lower except the insurance, AseM, MERI growth, consumer goods and commodity, which appreciated by 0.89 per cent, 0.04 per cent, 0.89 per cent, 0.03 per cent and 0.02 per cent, respectively.