Dipo Olowookere
By Dipo Olowookere
The All-Share Index and the market capitalisation of the Nigerian Exchange (NGX) Limited grew by 1.51 per cent last week to 48,881.93 points and N26.625 trillion, respectively.
Data obtained by Business Post showed that in the same vein, all other indices finished higher except the NGX CG, premium, banking, pension, AFR Bank Value, AFR Div Yield, MERI Growth, MERI Value and sovereign bond indices, which depreciated by 0.91 per cent, 1.23 per cent, 0.25 per cent, 0.39 per cent, 1.53 per cent, 0.79 per cent, 0.79 per cent, 0.21 per cent and 0.01 per cent, respectively, while the growth and ASeM indices closed flat.
In the week, the market turnover recorded an improvement from the previous week’s performance as investors transacted 1.225 billion shares worth N15.243 billion in 15,317 deals, in contrast to the 839.978 million shares valued at N12.418 billion traded in 16,183 deals a week earlier.
Financial stocks topped the activity chart with the sale of 514.067 million units worth N5.104 billion in 6,489 deals, contributing 41.97 per cent and 33.48 per cent to the total trading volume and value apiece.
Shares in the construction/real estate segment followed with 463.348 million units worth N1.620 billion in 210 deals, while equities in the conglomerates industry occupied the third place for trading 69.017 million units valued at N86.431 million in 528 deals.
The trio of UPDC REIT, FBN Holdings and Transcorp were the most active for trading 765.230 million stocks worth N4.282 billion in 847 deals, contributing 62.47 per cent and 28.09 per cent to the market turnover for the week.
At the close of business, 31 equities appreciated in price during the week, lower than 37 equities in the previous week, 26 stocks depreciated in price, higher than 25 stocks of the prior week, while 100 shares closed flat, higher than the 95 stocks recorded in the previous week.
BUA Cement topped the gainers’ log after its value rose by 19.09 per cent week-on-week to N91.70. Royal Exchange grew by 12.50 per cent to 81 Kobo, Ecobank expanded by 11.44 per cent to N11.20, Guinness Nigeria increased by 10.00 per cent to N69.30, and Prestige Assurance jumped by 9.52 per cent to 46 Kobo.
On the flip side, SCOA Nigeria topped the losers’ table with a decline of 25.47 per cent to close at 79 Kobo, followed by Nigerian Breweries, which lost 14.44 per cent to N38.50, Unity Bank shed 14.04 per cent to 49 Kobo, Capital Hotel dropped 9.80 per cent to N2.76, and Geregu Power fell by 9.61 per cent to N111.00.
