Dipo Olowookere
By Dipo Olowookere
Last week, investors at the Nigerian Exchange (NGX) Limited transacted 598.817 million shares worth N14.234 billion in 15,859 deals compared with the 938.020 million shares valued at N16.701 billion transacted a week earlier in 15,700 deals.
A breakdown showed that financial stocks led the activity chart with 398.264 million units valued at N2.219 billion in 8,247 deals, contributing 66.51 per cent and 15.59 per cent to the total trading volume and value, respectively.
Conglomerates shares recorded the sale of 37.514 million units worth N49.503 million in 393 deals, while ICT equities with a turnover of 30.708 million units worth N8.383 billion in 1,218 deals.
In the week, Mutual Benefits Assurance, Sterling Bank, and Fidelity Bank accounted for 181.347 million units worth N248.920 million in 854 deals, contributing 30.28 per cent and 1.75 per cent to the total trading volume and value, respectively.
NEM Insurance topped the losers’ chart in the week, losing 15.16 per cent to close at N3.75, Honeywell Flour fell by 11.25 per cent to N2.13, Unilever Nigeria depreciated by 10.42 per cent to N10.75, Dangote Cement decreased by 10.00 per cent to N220.50, and Pharma-Deko went down by 9.76 per cent to N1.85.
On the flip side, RT Briscoe ended the trading week as the stock with the highest price growth on a week-on-week basis, appreciating by 17.86 per cent to 33 Kobo. BUA Cement rose by 12.90 per cent to N70.00, FTN Cocoa improved by 11.11 per cent to 30 Kobo, Japaul went up by 10.71 per cent to 31 Kobo, and Sunu Assurances increased by 9.37 per cent to 35 Kobo.
Business Post reports that last week, 29 equities appreciated in price, lower than 33 equities in the previous week, 31 equities depreciated in price, higher than 29 equities in the previous week, and 97 equities remained unchanged, higher than 95 equities recorded in the previous week.
At the close of business last Friday, the All-Share Index (ASI) and the market capitalisation depreciated by 1.09 per cent (w-o-w) to close at 43,912.64 points and N23.918 trillion, respectively.
Similarly, all other indices finished lower except NGX-main board, banking, MERI Value and industrial goods indices, which appreciated by 0.83 per cent, 0.07 per cent, 1.21 per cent and 0.34 per cent, respectively, while the ASeM and growth indices closed flat.
