Sterling Holdings, Access Holdings, SET Dominate Activity Chart on NGX

In the five-day trading week, which ended on Valentine’s Day on Friday, the three stocks accounted for 455.469 million units worth N5.273 billion in 6,654 deals, contributing 18.87 per cent and 9.50 per cent to the total trading volume and value, respectively.

Business Post reports that a total of 2.414 billion shares worth N55.512 billion were traded in 80,988 deals last week compared with the 3.051 billion shares valued at N98.350 billion transacted in 72,535 deals a week earlier.

Financial equities dominated with 1.398 billion units sold for N24.039 billion in 31,919 deals, contributing 57.92 per cent and 43.30 per cent to the total trading volume and value, respectively.

Services shares recorded a turnover of 247.303 million units worth N1.165 billion in 6,277 deals, and consumer goods stocks exchanged 153.776 million units valued at N3.939 billion in 8,405 deals.

The week was bullish, with 65 qppreciating equities versus 58 appreciating equities in the preceding week. A total of 31 shares depreciated compared with 34 shares of the previous week, and 54 stocks closed flat, in contrast to the 58 stocks recorded a week earlier.

Honeywell Flour gained 47.06 per cent to trade at N14.00, UPDC improved by 45.95 per cent to N3.78, VFD Group rose by 30.63 per cent to N58.00, Smart Products Nigeria soared by 30.00 per cent to 26 Kobo, and Sunu Assurances jumped by 27.94 per cent to N6.41.

On the flip side, DAAR Communications depleted by 13.58 per cent to 70 Kobo, International Energy Insurance weakened by 10.80 per cent to N2.23, BUA Foods crumbled by 10.00 per cent to N373.50, Golden Guinea Breweries staggered by 9.91 per cent to N7.09, and Eunisell shrank by 9.67 per cent to N12.05.

When the bourse closed for the week, the All-Share Index (ASI) increased by 2.00 per cent to 108,053.95 points and the market capitalisation went up by 2.78 per cent to N67.418 trillion.

Also, all other indices ended in green territory except the NGX Main Board, banking, AFR Bank Value, AFR Div Yield, MERI Growth, consumer goods and energy sectors, which went down by 0.79 per cent, 0.24 per cent, 0.39 per cent, 1.26 per cent, 1.03 per cent, 3.63 per cent and 2.30 per cent, respectively, while the sovereign bond index closed flat.