Dipo Olowookere
By Dipo Olowookere
The value of shares transacted on the floor of the Nigerian Exchange (NGX) Limited last week stood at N8.004 billion, lower than the N9.329 billion reported a week earlier.
Data showed that the volume of local equities transacted by investors was 719.398 million units carried out in 17,444 deals, in contrast to the 949.819 million units executed in 18,525 deals in the preceding week.
Business Post reports that financial stocks led the activity chart with 411.407 million shares valued at N3.943 billion traded in 9,471 deals, contributing 57.19 per cent and 49.26 per cent to the total volume and value, respectively.
ICT equities followed with 177.815 million units worth N955.781 million in 1,573 deals as conglomerates shares posted a turnover of 36.577 million units worth N2.332 billion in 2,425 deals.
A breakdown showed that Courteville, Zenith Bank and Access Holdings accounted for 278.293 million shares worth N1.984 billion in 3,038 deals, contributing 38.68 per cent and 24.78 per cent to the total volume and value, respectively.
Multiverse recorded the highest price increase in the five-day trading week, rising by 18.64 per cent to N2.80. ABC Transport grew by 7.14 per cent to 30 Kobo, Honeywell Flour rose by 5.78 per cent to N2.38, Cadbury Nigeria improved by 5.77 per cent to N13.75, while Pharma-Deko increased by 5.13 per cent to N2.05.
On the flip side, Red Star Express lost 12.59 per cent to close at N2.36, Beta Glass depreciated by 9.96 per cent to N46.10, Consolidated Hallmark Insurance declined by 9.52 per cent to 57 Kobo, Learn Africa waned by 8.44 per cent to N2.06, while FCMB shrank by 7.71 per cent to N3.23.
At the close of the trading week, 13 equities appreciated during the week, lower than 22 equities in the previous week. Also, 39 stocks depreciated, higher than 36 stocks during the last week, while 104 shares remained unchanged, higher than 98 shares recorded in the previous week.
During the week, the All-Share Index (ASI) and the market capitalisation depreciated by 0.44 per cent to close at 49,475.42 points and N26.686 trillion, respectively. Similarly, all other indices finished lower, while the ASeM and growth indices closed flat.
