NGX Records Turnover of 2.024 billion Shares Worth N110.8bn in One Week

By Dipo Olowookere

A turnover of 2.024 billion shares worth N110.773 billion was recorded in 173,113 deals on the Nigerian Exchange (NGX) Limited last week compared with the 1.659 billion shares valued at N98.088 billion achieved in 184,632 deals a week earlier.

The financial services space led the activity chart with 1.111 billion units sold for N53.908 billion in 81,787 deals, contributing 54.89 per cent and 48.66 per cent to the total trading volume and value, respectively.

The consumer goods industry followed with 394.039 million units worth N9.811 billion in 17,912 deals, and the agriculture sector occupied the third position, with 147.170 million units valued at N2.821 billion in 7,462 deals.

The trio of Multi-Trex Integrated Foods, Zenith Bank, and Livestock Feeds were the most active stocks, with 521.565 million units worth N19.093 billion executed in 16,487 deals, contributing 25.76 per cent and 17.24 per cent to the total trading volume and value, respectively.

The bourse was under pressure last week, causing the All-Share Index (ASI)and the market capitalisation to lose 0.13 per cent each to close at 247,222.27 points and N160.519 trillion, respectively.

Similarly, all other indices finished lower apart from the CG, premium, industrial goods, growth and pension board indices, which appreciated by 0.04 per cent, 0.80 per cent, 1.95 per cent, 0.04 per cent, and 0.03 per cent, respectively, while the sovereign bond index closed flat.

Business Post reports that 20 equities gained weight during the week versus 50 equities in the previous week, 55 equities lost weight versus 30 equities in the preceding week, and 71 equities closed flat versus 66 equities in the previous week.

ABC Transport improved by 20.66 per cent to trade at N7.30, AVA Capital expanded by 17.74 per cent to N7.30, Caverton flew by 17.07 per cent to N4.80, Fidelity Bank increased by 14.01 per cent to N24.00, and Multi-Trex grew by 10.00 per cent to 66 Kobo.

On the flip side, UPDC REIT lost 17.26 per cent to close at N17.50, Omatek shed 12.50 per cent to settle at N1.40, University Press depreciated by 12.12 per cent to N4.35, Regency Alliance slipped by 11.25 per cent to N71 Kobo, and NGX Group crashed by 10.00 per cent to N174.60.