Dipo Olowookere
By Dipo Olowookere
Last week, a total of 1.195 billion equities worth N12.924 billion were bought and sold in 19,305 deals at the Nigerian Exchange (NGX) Limited in contrast to the 914.443 million equities valued at N15.263 billion in 18,021 deals a week earlier.
Shares of Sterling Bank, Fidelity Bank and Access Holdings were the most attractive in the five-day trading week, recording 540.056 million units worth N1.499 billion in 2,179 deals to contribute 45.18 per cent and 11.60 per cent to the total trading volume and value respectively.
A further breakdown showed that financial stocks led the activity chart with 1.017 billion units worth N5.685 billion in 10,107 deals, accounting for 85.09 per cent and 43.99 per cent of the total trading volume and value respectively.
ICT shares reported the sale of 37.063 million units worth N4.575 billion in 1,996 deals, while consumer goods equities posted the sale of 35.184 million units worth N1.209 billion in 2,471 deals.
A total of 43 stocks appreciated in price during the week, higher than 27 stocks of the prior week, while 21 equities depreciated in price, lower than 38 equities in the previous week, with 92 shares closing flat, lower than the 91 shares of the preceding week.
Vitafoam topped the gainers’ chart after its value rose by 16.26 per cent to N23.60, eTranzact appreciated by 16.23 per cent to N2.65, Fidelity Bank expanded by 11.11 per cent to N3.40, Guinness Nigeria improved by 9.88 per cent to N87.90, while NGX Group increased its value by 9.73 per cent to N22.00.
On the flip side, Unilever Nigeria topped the losers’ table after depreciating by 9.63 per cent to N12.20, McNichols fell by 9.46 per cent to 67 Kobo, CWG dropped by 9.09 per cent to 90 Kobo, John Holt decreased by 8.99 per cent to 81 Kobo, while RT Briscoe retreated by 8.57 per cent to 32 Kobo.
Business Post reports that the All-Share Index (ASI) and the market capitalisation appreciated by 0.73 per cent to close the week at 50,045.83 points and N26.994 trillion respectively.
Similarly, all other indices finished higher with the exception of the growth index, which went down by 0.51 per cent, while the ASeM and sovereign bond indices closed flat.
