UBA, FBN Holdings, Access Holdings Lead Activity Chart in One Week

By Dipo Olowookere

The trio of United Bank for Africa (UBA) Plc, FBN Holdings Plc and Access Holdings Plc dominated the activity chart at the Nigerian Exchange (NGX) Limited last week, accounting for 564.882 million shares worth N16.990 billion in 8,493 deals, contributing 32.56 per cent and 34.85 per cent to the total trading volume and value, respectively, last week.

In the week, investors bought and sold 1.735 billion shares worth N48.755 billion in 45,237 deals versus the 1.773 billion shares valued at N52.867 billion transacted a week earlier in 44,713 deals.

Business Post reports that the financial services industry was the busiest in the five-day trading week with 1.273 billion shares valued at N31.077 billion in 23,066 deals, contributing 73.36 per cent and 63.74 per cent to the total trading volume and value, respectively.

It was trailed by the conglomerates counter with 123.237 million shares worth N1.772 billion in 3,205 deals, and the consumer goods sector with 104.854 million shares worth N5.292 billion in 6,166 deals.

A total of 50 equities appreciated last week compared with 55 equities in the previous week, 32 equities depreciated versus 24 equities in the preceding week, and 72 equities remained unchanged, in contrast to 75 equities a week earlier.

Juli ended the week as the best-performing stock after it jumped by 46.10 per cent to N7.86, NEM Insurance rose by 45.11 per cent to N9.65, International Energy Insurance appreciated by 22.95 per cent to N1.50, Jaiz Bank grew by 20.40 per cent to N2.42, and Thomas Wyatt advanced by 19.78 per cent to N2.18.

Conversely, Julius Berger was the worst-performing equity after it dropped 17.15 per cent to trade at N60.15, DAAR Communications depleted by 14.10 per cent to 67 Kobo, UPDC REIT went down by 12.73 per cent to N4.80, Deap Capital shrank by 12.50 per cent to 63 Kobo, and MTN Nigeria declined by 12.25 per cent to N235.00.

When trading activities ended last Friday at the bourse, the All-Share Index (ASI) and the market capitalisation depreciated by 0.42 per cent to 104,647.37 points and N59.169 trillion, respectively.

Similarly, all other indices finished lower except the NGX Main Board, NGX CG, banking, pension, insurance, ASeM, AFR Bank Value, MERI Growth, energy, and industrial goods indices, which gained 0.68 per cent, 0.43 per cent, 4.19 per cent, 0.13 per cent, 8.92 per cent, 21.81 per cent, 3.93 per cent, 4.13 per cent, 0.30 per cent, and 0.57 per cent, respectively, while the sovereign bond index closed flat.