NGX Chalks up 0.87% in One Week as FBN Holdings, Others Lead Activity Chart

Data showed that the trio of Secure Electronic Technology, FBN Holdings, and Japaul were the most active after contributing 30.77 per cent and 9.54 per cent to the total trading volume and value, respectively, with the sale of 998.467 million shares worth N6.604 billion in 4,426 deals.

Business Post reports that investors bought and sold 3.245 billion stocks valued at N69.198 billion in 77,270 deals in the five-day trading week compared with the 3.132 billion stocks worth N76.552 billion traded in 61,456 deals a week earlier.

It was observed that the financial services industry dominated the activity chart with a turnover of 1.742 billion equities valued at N32.529 billion in 35,372 deals, contributing 53.69 per cent and 47.01 per cent to the total trading volume and value, respectively.

The services space recorded the sale of 748.205 million shares for N1.560 billion in 5,469 deals, and the energy sector transacted 264.682 million shares worth N16.786 billion in 10,515 deals.

A look at the performance indicators showed that the All-Share Index (ASI) and the market capitalisation appreciated by 0.87 per cent and 1.67 per cent to 104,496.12 points and N64.709 trillion, respectively.

In the same vein, all other indices finished higher apart from the insurance and industrial goods sectors, which depreciated by 2.86 per cent, and 0.52 per cent, respectively, while the ASeM index closed flat.

In the week, 52 shares appreciated compared with 44 shares of the preceding week, 44 equities depreciated like in the previous week, and 54 stocks remained unchanged versus 64 stocks a week earlier.

Chellaram gained 60.44 per cent to close at N6.53, Vitafoam Nigeria grew by 31.48 per cent to N31.95, Beta Glass expanded by 20.98 per cent to N71.50, Northern Nigeria Flour Mills rose by 20.96 per cent to N60.60, and SAHCO jumped by 20.66 per cent to N40.00.

On the flip side, Veritas Kapital lost 29.68 per cent to finish at N1.09, MRS Oil declined by 18.96 per cent to N162.90, Neimeth slumped by 14.52 per cent to N2.65, Linkage Assurance dropped 13.75 per cent to N1.38, and Secure Electronic Technology depreciated by 13.58 per cent to 70 Kobo.