The trio of United Bank for Africa (UBA), Fidelity Bank, and Access Holdings led the activity chart of the Nigerian Exchange (NGX) Limited by volume last week, accounting for
1.942 billion shares worth N61.542 billion in 12,443 deals, contributing 51.19 per cent and 51.54 per cent to the total trading volume and value, respectively.
In the week, investors bought and sold 3.794 billion stocks valued at N119.394 billion in 89,636 deals compared with the 3.932 billion stocks worth N74.813 billion transacted in 105,220 deals a week earlier.
Financial equities were the most active with 2.744 billion units sold for N79.805 billion in 36,458 deals, contributing 72.34 per cent and 66.84 per cent to the total trading volume and value apiece.
Consumer goods shares posted a turnover of 201.889 million units N7.623 billion in 11,922 deals, and services stocks traded 173.748 million units valued at N1.719 billion in 6,385 deals.
Business Post reports that in the five-day trading week, 56 equities appreciated versus 52 equities of the previous week; 44 shares depreciated versus 41 shares a week earlier; and 48 stocks closed flat compared with 55 stocks in the preceding week.
University Press was the best-performing stocks with a 35.32 per cent apreciation to sell for N5.90, Red Star Express gained 23.99 per cent to finish at N8.32, Omatek improved by 20.00 per cent to 78 Kobo, ABC Transport surged by 18.47 per cent to N2.95, and Northern Nigeria Flour Mills soared by 17.02 per cent to N138.90.
The worst-performing stock was Abbey Mortgage Bank with a decline of 26.87 per cent to end at N5.58, Legend Internet crashed by 18.95 per cent to N6.16, Nigerian Enamelware lost 18.77 per cent to settle at N20.55, Industrial and Medical Gases depreciated by 15.56 per cent to N33.65, and Multiverse also went down by 15.56 per cent to trade at N7.60
Investors were upbeat in the week, resulting in the All-Share Index (ASI) and the market capitalisation moving up by 2.49 per cent to 111,742.01 points and N70.463 trillion, respectively.
In the same vein, all other indices finished higher except the NGX CG, AFR Bank Value, MERI Value, energy and growth indices, which depreciated by 0.01 per cent, 0.01 per cent, 0.64 per cent, 2.05 per cent, and 0.38 per cent, respectively, while the ASeM index remained unchanged.