By Dipo Olowookere
Last week, a total of 2.981 billion shares worth N57.873 billion in 67,962 deals were traded by investors on the floor of the Nigerian Exchange (NGX) Limited, in contrast to the 5.179 billion shares worth N77.797 billion traded in 79,012 deals in the preceding week.
Transcorp, UBA, and Sterling Holdings accounted for 686.291 million shares worth N12.943 billion in 9,490 deals, contributing 23.02 per cent and 22.36 per cent to the total trading volume and value, respectively.
By sector, the financial services space led the activity chart with 1.863 billion shares valued at N26.774 billion traded in 29,276 deals, contributing 62.50 per cent and 46.26 per cent to the total trading volume and value apiece.
The conglomerates sector followed with 309.432 million shares worth N5.201 billion in 5,882 deals, while the energy sector was in third place with 259.223 million shares worth N4.892 billion in 5,658 deals.
In the week, 35 stocks ended on the gainers’ chart compared with 81 stocks of the previous week, 65 equities were on the losers’ log versus 58 equities of the earlier week, while 55 shares remained unchanged versus 16 shares of the previous week.
Tripple Gee rose by 32.24 per cent to N2.83, Dangote Cement appreciated by 28.82 per cent to N694.10, Sunu Assurances grew by 25.00 per cent to N2.25, Japaul gained 23.20 per cent to sell at N3.08, and Seplat Energy soared by 21.00 per cent to N3,074.60.
On the flip side, Veritas Kapital lost 23.38 per cent to quote at 59 Kobo, The Initiates shrank by 21.77 per cent to N2.30, Cadbury Nigeria depreciated by 20.86 per cent to N22.95, Deap Capital fell by 19.19 per cent to 80 Kobo, and McNichols slipped by 17.78 per cent to N1.48.
Business Post reports that the All-Share Index (ASI) and the market capitalisation appreciated in the week by 8.32 per cent to 102,401.88 points and N56.038 trillion, respectively.
Also, all other indices finished higher apart from the banking, insurance, NGX AFR Bank Value, NGX MERI Growth, NGX Growth and NGX Sovereign Bond indices, which depreciated by 1.63 per cent, 4.10 per cent, 2.36 per cent, 3.71 per cent, 1.38 per cent, and 0.68 per cent, respectively, while the ASeM index closed flat.
