By Dipo Olowookere
Last week, on the floor of the Nigerian Exchange (NGX) Limited, Neimeth International Pharmaceuticals, Transcorp, and UBA were the most active stocks as they traded 1.248 billion units worth N2.347 billion in 1,102 deals, contributing 73.89 per cent and 21.21 per cent to the total trading volume and value, respectively.
Data showed that the exchange recorded a turnover of 1.689 billion shares worth N11.066 billion in 14,019 deals compared with the 853.745 million shares valued at N11.841 billion in 18,543 deals traded a week earlier.
Healthcare equities led the activity chart with 1.086 billion units worth N1.627 billion traded in 267 deals, contributing 64.32 per cent and 14.70 per cent to the total trading volume and value apiece, driven by Neimeth.
Financial stocks trailed with 379.556 million units worth N4.547 billion in 6,711 deals, while conglomerates shares occupied third place with 89.526 million units worth N131.231 million in 534 deals.
NCR Nigeria finished the week as the biggest price decliner as it dropped 18.69 per cent to trade at N2.35, Ikeja Hotel fell by 18.25 per cent to N1.03, International Breweries lost 6.45 per cent to quote at N4.35, Cadbury Nigeria depreciated by 5.83 per cent to N11.30, and Multiverse depleted by 5.80 per cent to N3.25.
On the flip side, Sunu Assurances led the gainers’ table after it appreciated by 9.09 per cent to 48 Kobo, Lasaco Assurance rose by 7.14 per cent to N1.05, NPF Microfinance Bank gained 6.94 per cent to settle at N1.85, Geregu Power increased by 6.25 per cent to N323.00, and Transcorp Hotels jumped by 6.15 per cent to N6.90.
Business Post reports that 28 shares ended on the advancers’ chart, higher than 19 shares in the previous week, 27 equities finished on the decliners’ table, lower than 47 equities in the previous week, while 102 stocks closed flat, higher than 90 stocks in the previous week.
In the five-day trading week, the All-Share Index and the market capitalisation depreciated by 0.04% to 54,892.53 points and N29.903 trillion, respectively.
It was observed that all other indices finished higher with the exception of NGX Main Board, NGX 30, insurance, MERI Growth, consumer goods and industrial goods sectors, which fell by 0.30 per cent, 0.16 per cent, 0.53 per cent, 0.58 per cent, 0.74 per cent, and 0.49 per cent apiece, while the ASeM, energy, Growth and Sovereign Bond indices closed flat.
