In Five Days, Investors Transact 1.773 billion Shares Worth N52.867bn in 44,713 Deals

By Dipo Olowookere

In one week, 1.773 billion shares worth N52.867 billion were transacted by investors in 44,713 deals on the floor of the Nigerian Exchange (NGX) Limited versus the 2.157 billion shares valued at N108.824 billion traded a week earlier in 51,556 deals.

Transcorp, GTCO, and Access Holdings accounted for 677.439 million shares worth N17.287 billion in 7,789 deals, contributing 38.21 per cent and 32.70 per cent to the total trading volume and value, respectively.

It was observed that financial services equities topped the activity chart with 1.136 billion units valued at N23.185 billion traded in 19,896 deals, contributing 64.04 per cent and 43.86 per cent to the total trading volume and value, respectively.

It was followed by conglomerates shares with 339.390 million units worth N5.874 billion in 3,650 deals and consumer goods stocks with 82.645 million units valued at N6.724 billion in 6,155 deals.

In the week, 55 equities appreciated in price versus 22 equities in the previous week, 24 equities depreciated in price versus 56 equities in the previous week, and 75 equities remained unchanged versus 76 equities of the preceding week.

Julius Berger was the biggest price gainer after it chalked up 30.58 per cent to trade at N72.60, Omatek rose by 23.08 per cent to 80 Kobo, MTN Nigeria appreciated by 20.96 per cent to N267.80, NEM Insurance jumped by 20.91 per cent to N6.65, and GTCO soared by 17.88 per cent to N48.45.

Conversely, International Energy Insurance dropped 27.38 per cent to N1.22, Sunu Assurances deflated by 19.11 per cent to N1.27, Lasaco Assurance slumped by 14.53 per cent to N2.00, Consolidated Hallmark weakened by 13.07 per cent to N1.33, and Unity Bank lost 10.00 per cent to close at N1.80.

In the five-day trading week, the stock exchange grew by 3.71 per cent week-on-week after the All-Share Index (ASI) and the market capitalisation increased to 105,085.25 points and N59.416 trillion, respectively.

Similarly, all other indices finished higher except the energy and sovereign bond indices, which depreciated by 0.11 per cent and 3.12 per cent, respectively.