Investors traded ₦63.79 billion in weekly deals: NGX
Stock market investors traded 2.606 billion shares worth ₦63.785 billion in 77,593 transactions this week on the Nigerian Exchange Ltd. (NGX) floor.
This compares to 2.645 billion shares valued at ₦77.005 billion exchanged in 86,110 deals the previous week.
As a result, the total value of transactions fell by 20.7 per cent week-on-week.
The financial services industry topped the activity chart with 1.540 billion shares worth ₦28.963 billion in 32,805 transactions.
This accounted for 59.08 per cent of turnover volume and 45.41 per cent of total value traded on the exchange.
The services industry followed with 286.833 million shares valued at ₦1.711 billion in 6,280 deals.
The consumer goods industry placed third with 202.565 million shares worth ₦7.439 billion in 9,708 transactions.
FCMB Group Plc, Access Holdings Plc and Tantalizer Plc led trading with 600.684 million shares worth ₦6.570 billion in 7,201 deals.
These three equities represented 23.05 per cent of turnover volume and 10.30 per cent of the value.
The NGX All-Share Index rose by 0.90 per cent to close at 109,710.37 points.
Market capitalisation also appreciated, ending the week at ₦68.953 trillion.
All sectoral indices closed higher, except NGX Premium and NGX Lotus II, which fell by 0.05 and 0.92 per cent, respectively.
Sixty-one equities gained during the week, down from 68 in the previous week.
Thirty-one equities recorded losses, up from 28 recorded in the prior week.
Fifty-six equities remained unchanged, compared to 52 in the preceding week.
Top decliners included Multiverse Mining, Union Dicon Salt, NAHCO, University Press, and Legend Internet at ₦1.95, ₦1.00, ₦8.00, 44k and 60k, respectively.
Beta Glass, Champion Breweries, Caverton Offshore, FTN Cocoa and Northern Nigeria Flour Mills were top gainers.
They appreciated by 46.31, 42.08, 37.70, 36.32 and 32.49 per cent, respectively.
Their respective gains stood at ₦72.40, ₦2.02, ₦1.15, 69k and ₦29.40 for the week.
(NAN)
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