Customs Street was relatively busy last week on the back of renewed interest in Nigerian stocks amid encouraging macroeconomic indices.
In the five-day trading week, the Nigerian Exchange (NGX) Limited was in green as the All-Share Index (ASI) and the market capitalisation appreciated by 4.48 per cent each to close at 155,645.05 points and N98.793 trillion, respectively.
Similarly, all other indices finished higher apart from the banking, insurance, AFR Bank Value, AFR Div Yield, MERI Value and sovereign bond indices, which depreciated by 1.35 per cent, 1.10 per cent, 1.89 per cent, 1.12 per cent, 0.03 per cent, and 0.18 per cent apiece.
In the week, market participants traded 3.695 billion shares worth N129.889 billion in 148,077 deals versus the 2.422 billion shares valued at N76.618 billion transacted in 126,591 deals.
Financial stocks led the activity chart with 2.362 billion units sold for N54.380 billion in 63,561 deals, contributing 63.91 per cent and 41.87 per cent to the trading volume and value, respectively.
Energy equities exchanged 551.517 million units worth N19.208 billion in 10,539 deals, and consumer goods shares traded 180.904 million units valued at N13.276 billion in 19,428 deals.
Fidelity Bank, Japaul, and Access Holdings transacted 1.808 billion shares worth N27.893 billion in 10,817 deals, contributing 48.94 per cent and 21.47 per cent to the total trading volume and value apiece.
Aso Savings topped the gainers’ log after it went up by 32.00 per cent to 66 Kobo, Aradel Holdings rose by 25.20 per cent to N790.00, Eunisell expanded by 19.73 per cent to N57.95, PZ Cussons jumped by 14.19 per cent to N44.65, and NASCON grew by 12.77 per cent to N113.90.
On the flip side, LivingTrust Mortgage Bank lost 10.89 per cent to trade at N4.01, Juli declined by 9.94 per cent to N8.06, RT Briscoe dropped 9.84 per cent to close at N3.30, John Holt slipped by 9.72 per cent to N6.50, and Multiverse gave up 9.71 per cent to settle at N12.55.
Data showed that 44 stocks appreciated last week versus 52 stocks a week earlier, 49 shares depreciated compared with 41 shares in the preceding week, and 53 equities remained unchanged, same as 53 equities recorded in the previous week.