Investors Stake N15.263bn on 914.4 million Shares in Five Days

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By Dipo Olowookere

A total of 914.443 million shares worth N15.263 billion were bought and sold in 18,021 deals on the floor of the Nigerian Exchange (NGX) Limited last week compared with the 823.005 million shares worth N12.228 billion traded in 17,482 deals a week earlier.

In the five-day trading week, investors were more interested in financial stocks, accounting for 79.08 per cent and 34.13 per cent of the total trading volume and value respectively after selling 723.125 million units worth N5.209 billion in 9,122 deals.

In the week, consumer goods equities only managed to record the sale of 51.097 million units valued at N4.668 billion in 2,610 deals, while conglomerates shares printed 36.089 million units valued at N72.383 million in 527 deals.

A breakdown indicated that Mutual Benefits Assurance, FBN Holdings and Access Holdings accounted for 325.818 million shares worth N1.758 billion in 1,897 deals, contributing 35.63 per cent and 11.52 per cent to the total trading volume and value respectively.

Business Post reports that 27 equities appreciated in price during the week, higher than 21 equities in the previous week; 38 equities depreciated in price, lower than 41 equities in the previous week; while 91 equities remained unchanged, lower than 94 equities recorded in the previous week.

NEM Insurance gained 30.89 per cent to sell for N5.00, Mutual Benefits rose by 20.00 per cent to 30 Kobo, Japaul grew by 17.24 per cent to 34 Kobo, Multiverse expanded by 14.29 per cent to N2.40, while Honeywell Flour appreciated by 12.40 per cent to N2.72.

Conversely, Northern Nigerian Flour Mills lost 12.79 per cent to trade at N7.50, FTN Cocoa depreciated by 12.12 per cent to 29 Kobo, Ellah Lakes fell by 10.00 per cent to N3.60, Fidson declined by 9.80 per cent to N9.11, while Vitafoam went down by 9.78 per cent to N20.30.

In the week, amid the profit-taking, the All-Share Index (ASI) and market capitalisation appreciated by 0.63 per cent to 49,682.15 points and N26.797 trillion respectively.

Also, the main board, NGX 30, insurance, NGX-AFR Bank Value and Lotus II Indices appreciated by 2.56 per cent, 0.48 per cent, 3.88 per cent, 0.07 per cent and 0.11 per cent apiece, while the ASeM and growth indices closed flat, with all other indices finishing lower.

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