Investors Trade 1.0bn Shares Worth N8.2bn in One Week

August 30, 2021
Attract Stock Investors

By Dipo Olowookere

Last week, investors traded 1.0 billion shares valued at N8.2 in 18,102 deals on the floor of the Nigerian Exchange (NGX) Limited.

In the preceding week, the market participants transacted 866.5 million shares worth N12.3 billion in 17,291 deals.

It was observed that the financial services industry led the activity chart with 567.2 million shares valued at N3.7 billion traded in 7,970 deals, contributing 55.30 per cent and 44.70 per cent to the total trading volume and value respectively.

The ICT sector followed with 126.6 million shares worth N1.2 billion in 1,073 deals, while the third place was consumer goods counter, with 90.5 million shares worth N1.5 billion in 3,344 deals.

Sovereign Trust Insurance, Mutual Benefits Assurance and Transcorp accounted for 247.7 million shares worth N114.4 million in 809 deals, contributing 24.15 per cent and 1.40 per cent to the total trading volume and value respectively.

A total of 35 equities appreciated in price during the week, lower than 36 equities in the previous week, while 29 equities depreciated in price, lower than 33 equities in the previous week, with 92 equities remained unchanged, higher than 87 equities recorded in the previous week.

UPDC was the best-performing stock for the week with a price appreciation of 37.59 per cent to N1.83. Morison Industries rose by 32.14 per cent to N1.85, Consolidated Hallmark Insurance grew by 21.74 per cent to 56 kobo, FTN Cocoa went up by 20.00 per cent to 48 kobo, while Transcorp Hotels appreciated by 19.90 per cent.

Conversely, the worst-performing stock in the week was ABC Transport as it depreciated by 15.38 per cent to 33 kobo. Unilever Nigeria decreased by 10.00 per cent to N13.50, Ikeja Hotel went down by 10.00 per cent to N1.26, SCOA Nigeria declined by 9.43 per cent to N1.44, while Japaul dropped 7.41 per cent to 50 kobo.

In the week, the All-Share Index and market capitalisation appreciated by 0.01 per cent to 39,485.65 points and N20.573 trillion respectively.

All other indices finished lower with the exception of premium, banking, insurance, AFR Div Yield, Meri Value and oil/gas indices, which appreciated by 0.07 per cent, 0.30 per cent, 1.06 per cent, 0.02 per cent, 0.15 per cent, 0.08 per cent respectively, while ASeM, growth and sovereign bond indices closed flat.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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