By Dipo Olowookere
At the Nigerian Exchange (NGX) Limited last week, a 0.83 per cent week-on-week growth was recorded, driven by the gains recorded by 73 equities, same as the preceding week.
The bourse was busy in the week as a result of sustained buying pressure, supported by renewed confidence in the market despite the unstable economic environment.
Data revealed that 20 equities depreciated versus 27 equities a week earlier, and 49 equities remained unchanged, higher than 43 equities in the previous week.
Meyer gained 60.11 per cent to sell for N14.65, RT Briscoe appreciated by 50.83 per cent to N3.65, FTN Cocoa rose by 40.24 per cent to N4.67, International Energy Insurance improved by 35.43 per cent to N2.37, and UPDC soared by 34.66 per cent to N4.74.
On the flip side, PZ Cussons lost 14.96 per cent to trade at N32.40, Julius Berger shrank by 9.97 per cent to N112.00, SCOA Nigeria declined by 9.83 per cent to N4.86, VFD Group slumped by 5.41 per cent to N14.00, and Haldance McCall went down by 4.76 per cent to N4.00.
Business Post reports that the All-Share Index (ASI) appreciated by 0.83 per cent to 120,989.66 points and the market capitalisation surged by 0.50 per cent to N76.339 trillion.
Similarly, all other indices finished higher except the premium and industrial goods indices, which depreciated by 0.77 per cent and 2.11 per cent, respectively.
Investors bought and sold 5.466 billion shares worth N108.099 billion in 118,570 deals in the five-day trading week versus the 3.903 billion shares valued at N102.221 billion transacted in 114,484 deals in the preceding week.
The financial services industry led the activity chart by volume with 2.739 billion stocks sold for N34.538 billion in 42,646 deals, contributing 50.12 per cent and 31.95 per cent to the total trading volume and value apiece.
The energy sector posted a turnover of 852.042 million equities worth N39.838 billion in 10,555 deals, and the services space traded 400.194 million equities valued at N2.517 billion in 9,214 deals.
Royal Exchange, Access Holdings, and Japaul were the most active stocks with 1.688 billion units sold for N12.816 billion in 8,036 deals, contributing 30.88 per cent and 11.86 per cent to the total trading volume and value, respectively.
