By Dipo Olowookere
The Nigerian Exchange (NGX) Limited recorded a turnover of 3.318 billion shares worth N45.911 billion in 49,243 deals last week versus the 1.860 billion shares valued at N38.445 billion transacted a week earlier in 40,228 deals on the back of bargain-hunting.
This buying interest lifted the All-Share Index (ASI) and the market capitalisation by 0.21 per cent in the five-day trading week to 98,458.68 points and N56.578 trillion, respectively.
Similarly, all other indices finished higher except the consumer goods, Lotus II, industrial goods and growth indices, which depreciated 0.15 per cent, 3.31 per cent, 0.04 per cent, and 0.26 per cent, respectively while the ASeM and sovereign bond indices closed flat.
Business Post reports that the financial services industry led the activity chart with 1.430 billion shares valued at N23.659 billion traded in 22,745 deals, contributing 43.09 per cent and 51.53 per cent to the total trading volume and value, respectively.
The energy sector followed with 703.389 million shares worth N7.323 billion in 6,207 deals, and the healthcare space recorded a turnover of 411.489 million shares worth N2.896 billion in 827 deals.
Japaul, Mecure Industries and Fidelity Bank accounted for 1.363 billion equities worth N9.472 billion in 4,050 deals, contributing 41.06 per cent and 20.63 per cent to the total trading volume and value apiece.
Ellah Lakes gained 59.74 per cent in the week to trade at N4.92, Regency Assurance rose by 53.33 per cent to 69 Kobo, Flour Mills appreciated by 22.89 per cent to N62.00, Sterling Holdings jumped by 22.19 per cent to N4.90, and Wema Bank expanded by 17.65 per cent to N8.00.
On the flip side, Caverton lost 27.37 per cent to close at N2.68, Multiverse shed 19.64 per cent to trade at N9.00, Okomu Oil depleted by 13.10 per cent to N363.00, Secure Electronic Technology slumped by 10.45 per cent to 60 Kobo, and Learn Africa dropped 10.22 per cent to N3.25.
Data showed that 45 stocks appreciated during the week versus 41 stocks in the previous week, 33 equities depreciated versus 40 equities in the preceding week, and 73 shares remained unchanged versus 70 shares a week earlier.
