Universal Insurance, UBA, GTCO Lead Activity Chart

By Dipo Olowookere

The trio of Universal Insurance Plc, United Bank for Africa Plc, and Guaranty Trust Holding Company (GTCO) Plc topped the activity chart of the Nigerian Exchange (NGX) Limited last week, selling 865.658 million shares worth N12.138 billion in 4,786 deals.

They accounted for 25.70 per cent and 28.91 per cent of the 3.369 billion shares worth N41.986 billion traded in the week in 39,764 deals.

The total trading turnover for the week under consideration was lower than the 4.276 billion shares valued at N62.176 billion transacted in the preceding week in 44,344 deals.

Further analysis showed that financial stocks accounted for 2.515 billion units worth N23.030 billion in 19,895 deals, contributing 83.86 per cent and 66.06 per cent to the total trading volume and value, respectively.

Equities in the energy sector followed with 162.226 million units worth N4.174 billion in 2,953 deals, while shares in the conglomerates industry posted a turnover of 148.138 million units valued at N530.633 million in 1,962 deals.

The price movement table had 62 price gainers and 35 price losers, as 59 equities remained unchanged. In the preceding week, the price gainers’ log had 77 members, and the price losers’ had 24 members, as 55 stocks closed flat.

SAHCO gained 44.53 per cent in five days to close at N9.25, FTN Cocoa grew by 40.74 per cent to N1.90, Chams improved by 35.71 per cent to 57 Kobo, Japaul expanded by 32.65 per cent to 65 Kobo, and Golden Guinea Breweries appreciated by 31.13 per cent to N1.39.

On the flip side, Jaiz Bank lost 18.97 per cent to trade at N1.41, Secure Electronic Technology fell by 17.39 per cent to 38 Kobo, C&I Leasing depreciated by 13.78 per cent to N3.88, Sterling Holdings shed 12.88 per cent N2.57, and Ikeja Hotel shrank by 11.76 per cent to N3.00.

The All-Share Index (ASI) and the market capitalisation increased last week by 0.34 per cent to at 59,206.63 points and N32.237 trillion, respectively.

Similarly, all other indices finished higher except NGX Lotus II, which depreciated by 1.26 per cent, as ASeM index closed flat.