Zenith Bank, Fidelity Bank, Access Holdings Dominate NGX Activity Chart

They transacted 451.558 million shares worth N13.583 billion in 10,055 deals, contributing 24.84 per cent and 28.76 per cent to the total trading volume and value, respectively.

Data showed that investors bought and sold 1.818 billion shares worth N47.226 billion in 64,222 deals in the five-day trading week compared with 1.848 billion shares valued at N51.387 billion transacted a week earlier in 63,090 deals.

The financial services industry led the activity chart with 1.260 billion shares valued at N27.817 billion traded in 29,800 deals, contributing 69.31 per cent and 58.90 per cent to the total trading volume and value, respectively.

The consumer goods sector recorded the sale of 123.336 million shares worth N3.069 billion in 7,793 deals, while the services counter sold 118.931 million shares for N832.602 million in 3,730 deals.

Business Post reports that 30 stocks appreciated during the week versus 27 stocks of the preceding week, 58 equities depreciated versus 60 equities a week earlier, and 62 shares closed flat versus 63 shares of the previous week.

Tantalizers topped the gainers’ log after it gained 36.32 per cent to settle at N2.59, UH REIT expanded by 28.59 per cent to N56.90, Livestock Feeds soared by 12.38 per cent to N8.35, NGX Group grew by 10.00 per cent to N33.00, and Learn Africa also rose by 10.00 per cent to N3.63.

On top of the losers’ table was Eterna, which lost 18.69 per cent to quote at N34.15, Transcorp shed 17.72 per cent to N46.90, FCMB declined by 14.15 per cent to N9.10, Royal Exchange slumped by 13.33 per cent to 78 Kobo, and Sovereign Trust Insurance depreciated by 13.16 per cent to 99 Kobo.

The stock exchange did not perform well last week as a result of sustained profit-taking, inspired by panic selling, leaving the All-Share Index (ASI) and the market capitalisation crumbling by 1.19 per cent and 0.71 per cent each to 106,538.60 points and N66.717 trillion, respectively.

Similarly, all other indices finished lower apart from the AseM and commodity indices, which gained 0.04 per cent and 0.19 per cent, respectively.