The Nigerian Exchange (NGX) Limited operated for only three days last week due to the public holidays observed on Thursday and Friday for Eid al-Fitr.
Data from Customs Street showed that investors transacted 8.761 billion shares worth N267.253 billion in 193,473 deals compared with the 3.321 billion shares valued at N164.845 billion traded in 318,907 deals in the preceding week.
Analysis showed that the ICT sector led the activity chart with 5.330 billion stocks worth N46.825 billion executed in 21,573 deals, contributing 60.84 per cent and 17.52 per cent to the total trading volume and value, respectively.
The financial services industry exchanged 2.765 billion equities for N95.892 billion in 75,103 deals, and the consumer goods space sold 174.484 million shares valued at N20.805 billion in 20,693 deals.
eTranzact, FCMB, and Wema Bank accounted for 6.084 billion shares worth N40.661 billion in 5,570 deals, contributing 69.44 per cent and 15.21 per cent to the total trading volume and value apiece.
Business Post reports that in the week, 48 equities appreciated versus 34 equities in the previous week, 43 stocks depreciated versus 61 stocks in the preceding week, and 57 shares closed flat versus 53 shares of the earlier week.
John Holt topped the advancers’ chart after it chalked up 25.40 per cent to trade at N11.86, BUA Cement expanded by 21.00 per cent to N326.70, Premier Paints rose by 20.62 per cent to N23.40, Zenith Bank went up by 14.64 per cent to N110.00, and Learn Africa appreciated by 13.33 per cent to N9.35.
The laggards’ group was led by Zichis, which shed 50.58 per cent to close at N8.58. Presco went down by 18.37 per cent to N1,701.10, DAAR Communications declined by 13.55 per cent to N1.85, Eterna slipped by 12.77 per cent to N36.90, and Red Star Express crashed by 9.98 per cent to N25.55.
At the close of business, the All-Share Index (ASI) and the market capitalisation appreciated by 1.39 per cent each to 201,156.86 points and N129.126 trillion, respectively.
In the same vein, all other indices finished higher apart from the insurance, AFR Div Yield, consumer goods, energy, Lotus II and commodity indices, which fell by 0.42 per cent, 2.34 per cent, 0.10 per cent, 4.78 per cent, 2.76 per cent and 4.91 per cent apiece, while the sovereign bond index closed flat.