By Dipo Olowookere
Last week, the All-Share Index (ASI) and market capitalisation of the Nigerian Exchange (NGX) Limited depreciated by 2.93 per cent to 38,324.07 points and N19.975 trillion respectively.
Similarly, all other indices finished lower with the exception of the energy, growth and sovereign bond counters, which appreciated by 7.39 per cent, 0.62 per cent and 3.02 per cent, while the ASeM index closed flat.
Business Post reports that in the week, investors traded 1.1 billion shares worth N11.5 billion in 17,233 deals in contrast to the 840.3 million shares valued at N9.6 billion transacted in 13,239 deals a week earlier.
It was observed that financial stocks led the activity chart with 674.7 million units worth N5.6 billion traded in 9,405 deals, 64.41 per cent and 48.42 per cent to the total trading volume and value respectively.
The conglomerates equities followed with 94.5 million units valued at N630.4 million traded in 828 deals, while ICT stocks recorded a turnover of 87.1 million shares worth N630.9 million in 539 deals.
Zenith Bank, FBN Holdings and Fidelity Bank were the most traded equities with 248.3 million shares worth N3.3 billion transacted in 2,988 deals, contributing 23.70 per cent and 28.49 per cent to the total weekly trading volume and value respectively.
A total of 26 equities appreciated in price during the week, lower than 33 in the previous week, while 41 equities depreciated in price, higher than 19 equities in the previous week, with 93 equities closing flat, lower than 108 equities recorded in the previous week.
On the gainers’ chart, Eterna was on top after its share price rose by 21.21 per cent to close at N8.00, followed by Prestige Assurance which gained 15.22 per cent to sell for N53 kobo.
Sterling Bank appreciated by 12.84 per cent to N1.67, MRS Oil improved by 11.01 per cent to N12.10, while ABC Transport appreciated by 10.81 per cent to 41 kobo.
On top of the losers’ table was C&I Leasing as a result of the 18.80 per cent decline in its equity value, closing at N4.06.
Royal Exchange dropped 18.42 per cent to 62 kobo, Linkage Assurance went down by 13.04 per cent to sell for 60 kobo, Sunu Assurances reduced by 12.96 per cent to 47 kobo, while Airtel lost 10.00 per cent to trade at N837.00.
