Investors, Traders Stake N31.508bn on 2.966 billion Equities in Five Days

By Dipo Olowookere

The Nigerian Exchange (NGX) Limited recorded a turnover of 2.966 billion equities valued at N31.508 billion executed in 42,482 deals last week versus the 2.872 billion equities worth N132.811 billion carried out in 39,867 deals in the preceding week.

Traders and investors were paid attention to financial shares, which led the activity chart with 1.485 billion units worth N17.965 billion in 19,613 deals, contributing 50.05 per cent and 57.02 per cent to the total trading volume and value, respectively.

Services stocks trailed with the sale of 1.108 billion units valued N775.258 million in 2,675 deals, and agriculture equities traded 93.904 million units worth N1.250 billion in 2,517 deals.

Tantalizers, Coronation Insurance, and Fidelity Bank were the most traded stocks at the bourse in the five-day trading week with 1.625 billion units worth N3.908 billion in 1,814 deals, contributing 54.80 per cent and 12.40 per cent to the total trading volume and value, respectively.

MeCure Industries topped the gainers’ table in the week with a price appreciation of 19.53 per cent to close at N10.10, University Press gained 17.51 per cent to trade at N2.55, Lasaco Assurance expanded by 17.39 per cent to N2.70, Fidelity Bank rose by 13.08 per cent to N14.70, and PZ Cussons grew by 11.61 per cent to N19.70.

Conversely, Tripple Gee topped the losers’ chart after it lost 59.56 per cent to settle at N2.01, DAAR Communications declined by 25.00 per cent to 57 Kobo, Africa Prudential weakened by 13.15 per cent to N9.25, Regency Assurance fell by 12.20 per cent to 72 Kobo, and Tantalizers shed 10.45 per cent to close at 60 Kobo.

In the week, 29 equities appreciated versus 45 equities in the previous week, 52 stocks depreciated compared with 33 stocks a week earlier, and 70 shares closed flat versus 73 shares in the preceding week.

Business Post reports that the All-Share Index (ASI) and the market capitalisation appreciated week-on-week by 0.09 per cent to 97,606.63 points and N56.088 trillion apiece.

Similarly, all other indices finished higher except the Main Board, AFR Bank Value, consumer goods, Lotus II and industrial goods indices which depreciated 0.28 per cent, 1.12 per cent, 1.25 per cent, 0.16 per cent and 0.13 per cent, respectively while the ASeM and sovereign bond indices closed flat.