Universal Insurance, Oando, UBA Emerge Busiest Stocks in One Week

By Dipo Olowookere

The trio of Universal Insurance, Oando and UBA were the busiest stocks on the floor of the Nigerian Exchange (NGX) Limited last week, trading 2.212 billion units valued at N8.907 billion in 7,593 deals, contributing 56.56 per cent and 29.32 per cent to the total trading volume and value, respectively.

In the week, investors transacted 3.911 billion shares worth N30.379 billion in 38,536 deals versus the 2.933 billion shares worth N47.449 billion exchanged in 44,654 deals in the preceding week.

Financial stocks dominated with 2.774 billion units valued at N15.241 billion in 16,379 deals, contributing 70.92 per cent and 50.17 per cent to the total trading volume and value apiece.

Energy equities followed with 438.508 million units worth N5.203 billion in 6,258 deals, as ICT shares traded 294.470 million units valued at N4.447 billion in 3,078 deals.

Business Post reports that 48 stocks were on the gainers’ chart in the five-day trading week compared with the 32 stocks in the earlier week, as 40 equities were on the losers’ table versus 53 equities in the previous week, while 67 shares closed flat versus 70 shares in the preceding week.

The heaviest price loser was Tantalizers as it value dropped 21.05 per cent to 30 Kobo, Guinea Insurance fell by 20.69 per cent to 23 Kobo, McNichols shed 13.33 per cent to 65 Kobo, Unity Bank shrank by 11.29 per cent to N1.10, and Secure Electronic Technology went down by 10.34 per cent to 26 Kobo.

Sunu Assurances was the highest price gainer as it improved by 32.91 per cent to N1.05, Ellah Lakes rose by 29.79 per cent to N4.25, eTranzact grew by 28.57 per cent to N9.45, Chams appreciated by 19.09 per cent to N1.31, and Abbey Mortgage Bank increased by 17.65 per cent to N2.00.

The index movement chart showed that the All-Share Index (ASI) and the market capitalisation depreciated in the week by 0.11 per cent to 67,324.59 points and N36.847 trillion apiece.

Also, the NGX 30, premium, NGX AFR Div Yield, Lotus ll, industrial goods, growth and pension broad indices weakened by 0.13 per cent, 3.45 per cent, 1.72 per cent, 0.12 per cent, 4.80 per cent, 0.36 per cent and 0.14 per cent, as the ASeM index closed flat, while all other indices closed higher.