By Dipo Olowookere
In five days at the Nigerian Exchange (NGX) Limited last week, traders bought and sold 2.033 billion shares worth N42.155 billion in 45,157 deals versus the 2.679 billion shares worth N49.017 billion transacted in the preceding week in 47,451 deals.
Data showed that Guaranty Trust Holdings Company (GTCO) Plc, Veritas Kapital Assurance Plc, and Japaul Gold and Ventures Plc accounted for 674.233 million shares valued at N16,055 billion in 3,977 deals, contributing 33.16 per cent and 38.08 per cent to the total trading volume and value, respectively.
Further analysis indicated that financial equities led the activity chart with 1.377 billion units valued at N25.652 billion in 20,132 deals, contributing 67.73 per cent and 60.85 per cent to the total trading volume and value, respectively.
Business Post reports that energy shares recorded the sale of 276.729 million units for N6.026 billion in 6,848 deals, and the services stocks traded 101.217 million units worth N682.062 million in 2,475 deals.
In the week, 39 equities appreciated versus 46 equities a week earlier, 66 stocks depreciated versus 38 stocks in the previous week, and 46 shares closed flat versus 67 shares in the previous week.
RT Briscoe topped the gainers’ chart after it chalked up 33.86 per cent to settle at N1.70, TotalEnergies grew by 19.69 per cent to N511.90, Julius Berger appreciated by 18.18 per cent to N130.00, Guinea Insurance gained 17.65 per cent to 40 Kobo, and University Press increased by 12.39 per cent to N2.45.
Conversely, Cutix depreciated by 17.50 per cent to N4.95, BUA Cement declined by 14.82 per cent to N109.80, Oando slumped by 11.70 per cent to N35.85, Learn Africa moderated by 10.89 per cent to N3.52, and Chams lost 10.22 per cent to N2.02.
As for the index movement, the All-Share Index (ASI) and the market capitalisation depreciated by 1.51 per cent in the five-day trading week to 97,100.31 points and N55.132 trillion, respectively.
Similarly, all other indices finished lower except insurance, consumer goods, energy, Lotus II and growth indices, which improved by 0.79 per cent, 0.37 per cent, 5.25 per cent, 0.42 per cent, and 6.14 per cent, respectively, while the ASeM index closed flat.
