Investors on the Nigerian Exchange Limited profited N570 billion in one week, powered by corporate activity. The conglomerates business exchanged 11.399 billion shares worth N30.990 billion in 2,310 transactions, accounting for 81.25 percent of total stock turnover volume and 52.52 percent of total equity turnover value.
The NGX All-Share Index and market capitalisation both increased by 2.04% to end the week at 52,403.51 and N28.534tn, respectively. Similarly, all other indices finished higher, with the exception of the NGX MERI Growth and NGX Oil and Gas, which fell 1.58 percent and 0.14 percent, respectively, while the NGX ASeM, NGX Growth, and NGX Sovereign Bond indices remained unchanged.
Last week, investors on the Exchange traded 14.029 billion shares worth N59.007 billion in 24,048 transactions, compared to 3.920 billion shares worth N15.620 billion traded in 16,856 transactions the previous week.
The financial services business followed the conglomerates industry in terms of activity, with 2.185 billion shares worth N22.225 billion traded in 11,946 transactions. The oil and gas industry came in third, with a turnover of 117.097 million shares worth N648.971 million in 1,500 transactions.
Trade in the top three equities, Transnational Corporation Plc, Access Holdings Plc, and Fidelity Bank Plc, accounted for N13.116 billion in shares worth N47.928 billion in 6,614 transactions, accounting for 93.49 percent and 81.22 percent of the total equity turnover volume and value respectively.
Last week, 49 equities appreciated higher than 35 equities in the previous week. Seventeen equities depreciated lower than 31 in the previous week, while 90 equities remained unchanged, the same recorded in the previous week.
Atop the gainers’ chart for the week was Honeywell Flour Mill with 34.91 per cent appreciation in its share value to close the week’s trading at N3.13.
