Last week, a total of 2.651 billion equities valued at N49.976 billion were traded in 41,610 deals by investors at the Nigerian Exchange ,NGX, Limited, in contrast to the 3.301 billion equities worth N53.157 billion transacted in 27,536 deals in the preceding week.
It was observed that the financial services Industry led the activity chart with 1.847 billion shares valued at N30.455 billion traded in 21,899 deals, contributing 69.67% and 60.94% to the total equity turnover volume and value, respectively.
The conglomerates space followed with 272.398 million shares worth N3.546 billion in 2,165 deals, and the third place was the energy sector, with a turnover of 112.800 million shares worth N2.259 billion in 2,748 deals.
Trading in FBN Holdings, Transcorp, and Access Holdings accounted for 1.032 billion shares worth N19.799 billion in 6,083 deals, contributing 38.92% and 39.62% to the total equity turnover volume and value, respectively.
In the week, the All-Share Index, ASI, and the market capitalisation appreciated by 0.32 % to close at 100,057.49 points and N56.602 trillion, respectively.
Similarly, all other indices finished higher except the consumer goods, industrial goods, and growth which depreciated by 0.56%, 0.33% and 0.04%, respectively, while the ASeM and sovereign bond indices closed flat.
Forty-eight stocks appreciated during the week versus 53 stocks in the previous week, 34 equities depreciated compared with 25 equities in the previous week, and 72 shares closed flat versus 76 shares of the preceding week.
CWG gained 44.55% to close at N7.95, FTN Cocoa rose by 22.39% to N1.64, United Capital increased by 21.84% to N26.50, John Holt chalked up 20.31% to finish at N3.14, and Mutual Benefits soared by 19.64% to 67 Kobo.
Conversely, Jaiz Bank dropped 11.36% to settle at N1.95, DAAR Communications retreated by 10.53% to 51 Kobo, Champion Breweries shrank by 10.49% to N3.50, University Press fell by 9.09% to N2.50, and Beta Glass depreciated by 8.62% to N53.00.
