Dipo Olowookere
By Dipo Olowookere
In one week, investors bought and sold 2.543 billion shares worth N38.644 billion in 36,138 deals on the floor of the Nigerian Exchange (NGX) Limited.
In the preceding trading week, a total of 2.425 billion shares valued at N22.665 billion were transacted by investors in 33,230 deals.
It was observed that financial stocks led the activity chart as usual with 1.721 billion units worth N18.281 billion in 17,151 deals, contributing 67.68 per cent and 47.30 per cent to the total trading volume and value, respectively.
Conglomerates equities trailed with 200.584 million units valued at N1.546 billion in 2,073 deals, as services shares occupied the third space with 122.025 million units sold for N376.167 million in 2,051 deals.
Universal Insurance, Access Holdings and Transcorp accounted for 660.409 million shares worth N4.795 billion in 4,194 deals, contributing 25.97 per cent and 12.41 per cent to the total trading volume and value apiece.
A look at the price movement table revealed that 32 equities appreciated in price during the week compared with the 59 equities in the previous week, as 49 stocks lost weight versus 21 stocks in the previous week, with 73 shares closing flat versus 76 shares of the preceding week.
MeCure topped the gainers’ log with a 41.04 per cent week-on-week growth to close at N12.99, Northern Nigerian Flour Mills grew by 24.78 per cent to N36.00, Thomas Wyatt rose by 20.19 per cent to N2.50, Secure Electronic Technology appreciated by 16.36 per cent to 64 Kobo, and Sunu Assurances jumped by 11.50 per cent to N1.26.
On the flip side, Omatek shed 21.21 per cent to trade at 78 Kobo, Guinea Insurance lost 20.59 per cent to settle at 27 Kobo, DAAR Communications depreciated by 20.51 per cent to 31 Kobo, Unity Bank dropped 16.30 per cent to N1.54, and Neimeth slumped by 16.14 per cent to N1.87.
In the week, the All-Share Index (ASI) appreciated by 0.27 per cent, while the market capitalisation depreciated by 0.23 per cent to close at 71,419.87 points and N39.082 trillion, respectively.
Similarly, all other indices finished higher except NGX Main Board, insurance, NGX AFR Div Yield, NGX MERI Growth, consumer goods, industrial goods and sovereign bond, which depreciated by 0.11 per cent, 2.03 per cent, 1.33 per cent, 0.57 per cent, 0.47 per cent, 1.23 per cent and 0.65 per cent, respectively while the ASeM index closed flat.
