The Nigerian Exchange (NGX) Limited witnessed 47 price gainers last week, marginally lower than the 48 recorded in the preceding week.
This occurred as the All-Share Index (ASI) and the market capitalisation depreciated by 0.12 per cent on a week-on-week basis to 200,913.06 points and N128.969 trillion apiece due to profit-taking.
Similarly, all other indices finished lower except the main board, insurance, AFR Div Yield, energy, Lotus II, growth and commodity indices, which appreciated by 1.53 per cent, 2.22 per cent, 1.36 per cent, 1.93 per cent, 1.61 per cent, 2.31 per cent and 2.77 per cent, respectively, while the sovereign bond index closed flat.
Business Post reports that in the week, 45 equities shed weight compared with 43 equities in the previous week, while 56 stocks closed flat versus 57 stocks a week earlier.
The best-performing stock last week was Zichis, which gained 60.72 per cent to trade at N13.79. Premier Paints appreciated by 60.25 per cent to N37.50, John Holt rose by 59.92 per cent to N18.95, Legend Internet grew by 25.00 per cent to N7.50, and McNichols increased by 20.65 per cent to N7.42.
As for the worst-performing stock for the week, it was Livestock Feeds, which declined by 11.73 per cent to N7.15, Fidson depreciated by 9.97 per cent to N94.85, Cadbury Nigeria dropped 9.94 per cent to N63.00, Austin Laz stumbled by 9.89 per cent to N4.01, and Learn Africa lost 9.09 per cent to settle at N8.50.
A look at the activity chart showed that 3.950 billion shares worth N201.312 billion exchanged hands in 359,642 deals in the five-day trading week, in contrast to the 8.761 billion shares valued at N267.253 billion traded in 193,473 deals a week earlier.
Financial stocks dominated with 2.881 billion units sold for N102.259 billion traded in 139,093 deals, contributing 72.94 per cent and 50.80 per cent to the total trading volume and value apiece.
ICT equities transacted 230.539 million units worth N45.172 billion in 52,669 deals, and agriculture shares traded 191.927 million units valued at N6.626 billion in 16,471 deals.
Wema Bank, Access Holdings, and UBA were the busiest, with 1.448 billion units worth N43.191 billion in 28,436 deals, contributing 36.65 per cent and 21.45 per cent to the total trading volume and value, respectively.