Investors Trade 1.410 billion Shares Worth N15.510bn in Five Days

November 7, 2022
Income Investors

By Dipo Olowookere

Last week, investors transacted 1.410 billion shares worth N15.510 billion in 19,025 deals on the floor of the Nigerian Exchange (NGX) Limited compared with the 598.817 million shares worth N14.234 billion transacted in 15,859 deals in the preceding week.

Data from the exchange indicated that financial stocks dominated the activity chart, with 804.570 million units valued at N6.300 billion traded in 9,922 deals, contributing 57.04 per cent and 40.62 per cent to the total trading volume and value, respectively.

Shares in the agriculture industry followed with 357.623 million units worth N287.992 million in 560 deals, and stocks in the conglomerates sector recorded a turnover of 68.309 million units worth N97.051 million in 530 deals.

Business Post reports that Access Holdings, FTN Cocoa, and Fidelity Bank were the most active equities in the week, accounting for 800.622 million units worth N3.373 billion in 2,051 deals, contributing 56.76 per cent and 21.75 per cent to the total trading volume and value, respectively.

In the week, 20 equities appreciated in price, lower than 29 equities in the previous week, while 43 equities depreciated in price, higher than 31 equities in the previous week, with 94 equities closing flat, lower than 97 equities in the previous week.

FTN Cocoa was the best-performing stock in the week as its gained 13.33 per cent to trade at 34 Kobo. NAHCO rose by 10.47 per cent to N5.70, Dangote Cement appreciated by 8.84 per cent to N240.00, Courteville expanded by 8.70 per cent to 50 Kobo, and Regency Assurance rose by 8.33 per cent to 26 Kobo.

The worst-performing stock for the week was Chams, which dropped 14.81 per cent to 23 Kobo, Ikeja Hotel declined by 12.96 per cent to 94 Kobo, Cornerstone Insurance went down by 12.00 per cent to 44 Kobo, Sovereign Trust insurance depleted by 10.71 per cent to 25 Kobo, and Livestock Feeds depreciated by 10.62 per cent to N1.01.

The All-Share Index (ASI) and the market capitalisation appreciated in the week by 0.81 per cent to 44,269.18 points and N24.112 trillion, respectively.

Similarly, all other indices finished higher with the exception of the main board, NGX CG, banking, pension, insurance, NGX-AFR bank value, NGX MERI Value, consumer goods, energy, and sovereign bond indices, which depreciated by 0.44 per cent, 0.27 per cent, 1.87 per cent, 0.44 per cent, 1.35 per cent, 0.79 per cent, 0.98 per cent, 2.32 per cent, 5.37 per cent, and 1.36 per cent, respectively, while the ASeM and growth 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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