A total turnover of 7.08 billion shares worth N324.35 billion was traded on the floor of the Nigerian Exchange Limited (NGX) in five days.
This represents a 12.72 percent increase in value compared to the N287.76 billion recorded in the previous week.
According to the NGX weekly market report, the shares were exchanged in 474,436 deals, higher than the 332,453 transactions recorded in the preceding week.
The latest market activity data also showed a sharp increase in volume, as investors traded 7.08 billion shares compared to the 4.84 billion shares exchanged last week.
The market capitalisation reportedly appreciated by 0.71 percent to close the week at N157.09 trillion.
Similarly, the all-share index (ASI) rose by 0.71 percent to settle at 244,775.83 basis points from the previous week’s close.
TOP PERFORMING SECTORS
The financial services industry was said to have led the activity chart by volume of shares traded, with investors exchanging 4.26 billion shares valued at N131.48 billion in 179,609 deals.
The NGX said the sector contributed 60.22 percent and 40.54 percent to the total equity turnover volume and value, respectively.
The ICT industry followed with 769.24 million shares worth N45.32 billion traded in 61,820 deals.
The investment industry came third after recording a turnover of 544.81 million shares valued at N5.78 billion in 2,243 deals.
TOP THREE EQUITIES
The exchange said Access Holdings Plc, VFD Group Plc, and CWG Plc emerged as the top three equities traded by volume during the week.
According to the NGX data, the three firms accounted for 1.59 billion shares worth N30.1 billion in 24,954 deals.
The companies reportedly contributed 22.46 percent and 9.28 percent to the total equity turnover volume and value, respectively.
TOP GAINERS
TheCable Index analysis indicated that CAP Plc topped the gainers’ chart after its share price appreciated by 60.95 percent to close at N233.7 from N145.2 recorded at the beginning of the week.
Zichis Agro Allied Industries Plc followed after its stock price rose by 53.17 percent from N21.78 to N33.36.
The share price of FTN Cocoa Processors Plc also appreciated by 50.91 percent to close at N8.3 from N5.5.
RT Briscoe Plc gained 40.98 percent, while Dangote Sugar Refinery Plc advanced by 33.43 percent during the week.
TOP DECLINERS
On the losers’ chart, the bourse said the Nigerian Aviation Handling Company Plc recorded the highest decline after its share price fell by 20.95 percent to close at N203.95 from N258.
Guinness Nigeria Plc shed 18.99 percent, while Access Holdings Plc declined by 12.59 percent.
MTN Nigeria Communications Plc lost 12.45 percent of its share value, while UPDC Plc depreciated by 12.24 percent.
Stay ahead with the latest updates!
Join The Podium Media on WhatsApp for real-time news alerts, breaking stories, and exclusive content delivered straight to your phone. Don’t miss a headline — subscribe now!
Chat with Us on WhatsApp
