Financial Services Sector Lead NGX Activity Chart

By Dipo Olowookere

Last week, the financial services sector led the activity chart of the Nigerian Exchange (NGX) Limited with 6.497 billion shares valued at N87.381 billion traded in 56,148 deals, contributing 88.69 per cent and 55.86 per cent to the total trading volume and value, respectively.

The sector was trailed by the consumer goods space with 180.775 million shares worth N12.015 billion in 16,378 deals, and the services segment posted a turnover of 138.365 million shares sold for N2.402 billion in 7,869 deals.

Data showed that investors bought and sold 7.325 billion shares worth N156.425 billion in 134,383 deals in the five-day trading week compared with the 3.575 billion shares valued at N107.011 billion transacted in 146,429 deals a week earlier.

The trio of Cornerstone Insurance, Access Holdings, and Zenith Bank accounted for 4.752 billion shares worth N41.132 billion in 14,304 deals, contributing 64.87 per cent and 26.29 per cent to the total trading volume and value apiece.

Business Post reports 48 equities appreciated versus 20 equities in the previous week, 45 equities depreciated compared with 75 equities in the preceding week, and 53 equities remained unchanged, in contrast to the 51 equities in the previous week.

NCR Nigeria topped the activity chart with a 32.30 per cent growth to close at N25.60, Aso Savings grew by 14.44 per cent to N1.03, Champion Breweries rose by 11.54 per cent to N14.50, International Energy Insurance expanded by 11.48 pr cent to N2.72, and Secure Electronic Technology improved by 10.67 per cent to 83 Kobo.

Conversely, Union Dicon lost 18.71 per cent to N6.30, Austin Laz depleted by 18.62 per cent to N2.36, Multiverse slipped by 14.47 per cent to N10.05, Dangote Cement dropped 10.00 per cent to trade at N594.00, and Academy Press tumbled by 10.00 per cent to N6.75.

As for the key performance indices, the All-Share Index (ASI) was down by 1.68 per cent to 147,013.59 points and the market capitalisation depreciated by 1.58 per cent to N93.501 trillion.

Similarly, all other indices finished lower with the exception of NGX CG, banking, pension, insurance, AFR Div. Yield, AFR Bank Value, MERI Growth, MERI Value, consumer goods, growth and sovereign bond indices, gained 0.74 per cent, 1.26 per cent, 0.29 per cent, 2.42 per cent, 2.18 per cent, 1.34 per cent, 1.71 per cent, 2.00 per cent, 0.46 per cent, 0.14 per cent and 0.12 per cent, respectively.