NGX Records Turnover of 2.902 billion Equities Worth N48.064bn in One Week

Data revealed that financial stocks led the activity chart with 2.375 billion units sold for N21.335 billion in 27,053 deals, contributing 81.85 per cent and 44.39 per cent to the total trading volume and value, respectively.

Services stocks trailed with 177.345 million units worth N3.194 billion in 3,829 deals, and consumer goods shares exchanged 104.381 million units valued at N3.305 billion in 5,587 deals.

It was observed that Sovereign Trust Insurance, Jaiz Bank, and Fidelity Bank were the most active stocks in the five-day trading week with 1.497 billion units worth N5.065 billion in 3,662 deals, contributing 51.59 per cent and 10.54 per cent to the total trading volume and value, respectively.

Business Post reports that in the week, 32 shares appreciated versus 38 equities in the previous week, 48 stocks depreciated compared with 46 stocks of the preceding week, and 70 equities closed flat, in contrast to 66 equities a week earlier,

Neimeth gained 20.48 per cent to sell for N3.00, Linkage Assurance appreciated by 13.49 per cent to N1.43, Northern Nigeria Flour Mills expanded by 9.99 per cent to N79.80, Academy Press grew by 9.92 per cent to close at N2.88, and Mutual Benefits rose by 9.84 per cent to 67 Kobo.

However, eTranzact lost 26.15 per cent to end at N4.80, Livestock Feeds depreciated by 1755 per cent to N8.41, Red Star Express tumbled by 16.90 per cent to N4.82, Universal Insurance shed 13.33 per cent to 52 Kobo, and Caverton plunged by 13.00 per cent to N2.61.

When trading activities ended for the week last Friday, the All-Share Index (ASI) and the market capitalisation went down by 0.94 per cent and 0.80 per cent to 104,962.96 points and N65.820 trillion, respectively.

Also, all other indices finished lower except the consumer goods index, which gained 0.06 per cent while the AseM and sovereign bond indices closed flat.