The Nigerian Exchange (NGX) Limited witnessed a significant rise in turnover last week, which had four trading sessions compared with the preceding week with three trading days.
According to data, investors bought and sold 7.821 billion shares worth N134.471 billion in 150,799 deals versus the 2.876 billion shares valued at N63.832 billion recorded in 80,229 deals a week earlier.
Last week, the market closed its doors to traders on Thursday for New Year’s day celebration, while in the preceding week, no trading activity happened on Thursday and Friday for Christmas and Boxing Day.
Last week, the financial services industry led the activity chart by volume with 5.992 billion equities sold for N67.024 billion in 55,598 deals, contributing 76.61 per cent and 49.84 per cent to the total trading volume and value apiece.
The ICT sector transacted 946.959 million shares worth N8.028 billion in 15,443 deals, and the consumer goods space traded 258.820 million stocks for N9.381 billion in 24,133 deals.
Cornerstone Insurance, Chams and Access Holdings accounted for 5.317 billion units worth N37.361 billion in 10,441 deals, contributing 67.97 per cent and 27.78 per cent to the total trading volume and value, respectively.
In the week, 73 equities appreciated versus 44 equities a week earlier, while 23 equities depreciated versus 30 equities in the previous week, and 51 equities closed flat versus 73 equities in the preceding week.
Austin Laz was the biggest price gainer with 45.94 per cent rise to close at N4.67, Aluminium Extrusion gained 45.57 per cent to finish at N23.80, Eunisell improved by 43.26 per cent to N126.00, ABC Transport zoomed further by 37.92 per cent to N4.51, and Honeywell Flour grew by 29.58 per cent to N23.00.
On the flip side, eTranzact was the biggest price loser after giving up 9.92 per cent to trade at N11.35, First Holdco lost 7.92 per cent to finish at N48.80, LivingTrust Mortgage Bank depleted by 7.61 per cent to N3.40, CAP shrank by 6.76 per cent to N69.00, and Champion Breweries weakened by 6.67 per cent to N14.00.
It was a bullish week as the All-Share Index (ASI) went up by 1.92 per cent to 156,492.36 points and the market capitalisation soared by 2.09 per cent to N99.938 trillion, with all other indices closing higher.