The quintet of FTN Cocoa, Red Star Express, Omatek, C&I Leasing, and Meyer were in the spotlight at the Nigerian Exchange (NGX) Limited last week as their share prices improved by over 60 per cent each due to renewed buying interest.
Data obtained by Business Post from the bourse revealed that FTN Cocoa appreciated by 60.60 per cent to N7.50, Red Star Express improved by 60.57 per cent to N13.44, Omatek expanded by 60.44 per cent to N1.46, C&I Leasing surged by 60.33 per cent to N8.77, and Meyer went up by 60.07 per cent to N23.45.
On the flip side, Legend Internet declined by 12.50 per cent to N7.00, International Energy Insurance went down by 6.75 per cent to N2.21, Oando shrank by 6.09 per cent to N51.70, Prestige Assurance slumped by 5.30 per cent to N1.25, and eTranzact moderated by 4.92 per cent to N8.70.
In the week, Customs Street recorded 90 price gainers versus the 78 recorded a week earlier. There were 16 price losers versus 20 in the previous week, and 41 equities closed flat versus 49 in the preceding week.
Investors bought and sold 5.390 billion shares worth N107.811 billion in 134,390 deals in the period under review compared with the 5.466 billion shares valued at N108.099 billion traded in 118,570 deals in the previous week.
Financial stocks dominated last week with 3.019 billion units sold for N56.244 billion in 55,574 deals, contributing 56.00 per cent and 52.17 per cent to the total trading volume and value, respectively.
Energy equities followed with 565.645 million units worth N8.111 billion in 9,914 deals, and services shares posted a turnover of 466.153 million units valued at N2.595 billion in 10,832 deals.
Access Holdings, Japaul, and AIICO Insurance accounted for 1.396 billion shares worth N15.835 billion in 12,828 deals, contributing 25.90 per cent and 14.69 per cent to the total trading volume and value, respectively.
The All-Share Index (ASI) gained 4.26 per cent to close the week at 126,149.59 points and the market capitalisation jumped by 4.54 per cent to N79.803 trillion.
In the same vein, all other indices finished higher apart from the energy index, which depreciated by 0.72 per cent.