A total of 7.075 billion shares worth N324.351 billion were transacted in 474,436 deals on the floor of the Nigerian Exchange (NGX) Limited last week, in contrast to the 4.842 billion shares valued at N287.756 billion traded in 332,453 deals in the preceding week.
Further analysis showed that the financial sector led the activity chart with 4.260 billion stocks sold for N131.483 billion in 179,609 deals, contributing 60.22 per cent and 40.54 per cent to the total trading volume and value, respectively.
The ICT industry recorded a turnover of 769.239 million equities worth N45.315 billion in 61,820 deals, and the investment segment traded 544.809 million shares valued at N5.776 billion in 2,243 deals.
The trio of Access Holdings, VFD Group, and CWG accounted for 1.589 billion units sold for N30.098 billion in 24,954 deals, contributing 22.46 per cent and 9.28 per cent to the total trading volume and value, respectively.
Bargain-hunting persisted on Customs Street in the week, with the All-Share Index (ASI) and the market capitalisation up by 0.71 per cent each to 244,775.83 points and N157.094 trillion, respectively.
Also, all other indices finished higher except the CG, premium, pension, AFR Bank Value, MERI Growth, MERI Value, energy, and commodity indices, which depreciated by 0.26 per cent, 1.69 per cent, 0.60 per cent, 2.12 per cent, 0.16 per cent, 2.80 per cent, 3.27 per cent and 2.26 per cent, respectively, while the sovereign bond index remained unchanged.
In the five-day trading week, 69 equities gained weight versus 52 equities of the previous week, 36 shares lost weight versus 53 shares a week earlier, and 41 stocks closed flat versus 41 stocks of the preceding week.
CAP led the gainers’ group after it chalked up 60.95 per cent to trade at N233.70, Zichis gained 53.17 per cent to close at N33.36, FTN Cocoa rose by 50.91 per cent to N8.30, RT Briscoe expanded by 40.98 per cent to N15.00, and Dangote Sugar grew by 33.43 per cent to N93.00.
Conversely, NAHCO shed 20.95 per cent to settle at N203.95, Guinness Nigeria shrank by 18.99 per cent to N402.60, Access Holdings depreciated by 12.59 per cent to N23.60, MTN Nigeria declined by 12.45 per cent to N801.10, and UPDC slipped by 12.24 per cent to N4.30.