Investors Trade N19.5bn Shares as Market Gains 0.40%

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By Dipo Olowookere

The Nigerian Exchange (NGX) Limited appreciated by 0.40 per cent last with the All-Share Index (ASI) rising to 47,328.42 points and the market capitalisation growing to N25.507 trillion.

In the week, all other indices also finished higher with the exception of Asem, Meri Value, consumer goods, Lotus II, industrial goods and sovereign bond indices, which depreciated by 1.17 per cent, 0.34 per cent, 1.06 per cent, 0.07 per cent, 0.01 per cent and 0.02 per cent respectively, while the growth index closed flat.

During the five-day trading week, investors transacted 1.7 billion shares worth N19.5 billion in 25,979 deals in contrast to the 1.7 billion shares worth N30.8 billion transacted in 24,767 deals the preceding week.

Financial stocks led the activity chart with 1.1 billion units valued at N10.9 billion traded in 13,514 deals, contributing 67.13 per cent and 55.89 per cent to the total trading volume and value respectively.

Conglomerates equities followed with 243.0 million units worth N395.2 million in 1,418 deals, while consumer goods shares recorded a turnover of 80.4 million units worth N2.0 billion in 3,876 deals.

Business Post reports that Transcorp, United Capital and Zenith Bank accounted for 491.7 million shares worth N5.4 billion in 4,277 deals, contributing 29.48 per cent and 27.78 per cent to the total trading volume and value respectively.

A total of 44 equities appreciated in price during the week, higher than 43 equities in the previous week, while 22 equities depreciated in price, lower than 38 equities in the previous week, with 90 equities closing flat, higher than 75 equities recorded in the previous week.

RT Briscoe recorded the highest price increase in the week, growing by 53.85 per cent to 94 kobo, Niger Insurance gained 46.67 per cent to sell for 28 kobo, eTranzact rose by 32.02 per cent to N2.66, Royal Exchange appreciated by 31.62 per cent to N1.25, while May & Baker increased by 20.91 per cent to N5.45.

On the other hand, Ellah Lakes ended the week as the stock with the biggest price decline, losing 9.88 per cent to close at N3.83.

Juli fell by 9.76 per cent to 74 kobo, Flour Mills declined by 8.83 per cent to N32.00, Veritas Kapital dropped 8.33 per cent to trade at 22 kobo, while Multiverse depreciated by 8.00 per cent to 23 kobo.

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