The Nigerian Exchange (NGX) Limited recorded a turnover of 3.903 billion shares worth N102.221 billion in 114,484 deals compared with the 3.566 billion shares valued at N115,403 billion achieved in 99,960 deals a week earlier.
During the five-day trading week, financial equities dominated the activity chart with 2.030 billion units worth N41.934 billion in 42,959 deals, contributing 52.02 per cent and 41.02 per cent to the total trading volume and value, respectively.
Services stocks transacted 396.590 million units valued at N4.596 billion in 8,105 deals, and agriculture shares recorded the sale of 385.704 million units for N14.469 billion in 10,515 deals.
Fidelity Bank, Access Holdings, and Zenith Bank were the busiest stocks in the week with 864.681 million units worth N25.955 billion executed in 15,136 deals, accounting for 22.16 per cent and 25.39 per cent of the total trading volume and value, respectively.
Business Post reports that there was a strong appetite for Nigerian stocks by market participants last week as investor take position ahead of the release of half-year earnings in the coming weeks.
A total of 78 equities appreciated during the week versus 55 equities in the previous week, 27 equities depreciated versus 42 equities a week earlier, and 43 equities closed flat versus 51 equities of the preceding week.
Neimeth gained 60.54 per cent to sell for N5.94, Ellah Lakes appreciated by 31.33 per cent to N7.00, International Breweries rose by 26.36 per cent to N13.90, CWG improved by 25.00 per cent to N11.50, and Champion Breweries chalked up 21.95 per cent to trade at N10.00.
On the flip side, Multiverse slipped by 9.33 per cent to N8.75, ABC Transport slowed by 9.26 per cent to N2.45, Oando depreciated by 7.38 per cent to N56.50, BUA Foods slumped by 6.46 per cent to N449.00, and DAAR Communications slumped by 6.15 per cent to 61 Kobo.
When trading activities ended for the week last Friday, the All-Share Index (ASI) went up by 1.57 per cent to 119,995.76 points and the market capitalisation jumped by 1.92 per cent to N75.962 trillion.
Similarly, all other indices finished higher apart from the energy index, which depreciated by 2.23 per cent.