At the conclusion of the week, market activity was modestly optimistic as market capitalization increased to N28.647 trillion as of January 19 from N28.602 trillion on January 13 of 2023. The NGX All-Share Index also went up, rising 0.16 percent to 52,594.68 at the end of the week from 52512.48 the previous week.
Investors traded 1.241 billion shares worth N15.668 billion in total in 18,560 trades on the Exchange’s trading floor, down from 1.286 billion shares worth N29.634 billion in 19,816 deals the previous week.
With 1.010 billion shares worth N5.924 billion exchanged in 9,165 deals, the Financial Services Industry dominated the activity chart in terms of volume, accounting for 81.37 percent and 37.81 percent, respectively, of the overall stock turnover volume and value.
Following with 46.761 million shares worth N112.918 million in 641 transactions, the conglomerates’ industry. The Consumer Goods Industry saw 2,886 transactions totaling 42.121 million shares for N2.134 billion.
The top three stocks, Veritas Kapital Assurance Plc, Sterling Bank Plc, and Guaranty Trust Holding Company Plc, saw 605.879 million shares traded for N2.120 billion in 1,631 deals, accounting for 48.82 percent and 13.53 percent, respectively, of the total volume and value of equity activity. 39 equities appreciated in price during the week, lower than 51 equities in the previous week.
The number of stocks that declined increased from 27 to 30, while the number of stocks that were unchanged increased from 79 to 88.
The week’s highest gainer was International Energy Insurance Plc, which increased by 28.95% from N0.38 per share to end at N0.49 per share. MRS Oil Nigeria Plc was closely behind with a gain of N1.90 kobo to close at N16.00 kobo per share.
In addition, Sunu Assurances Nigeria Plc gained by 12.12% to end at N0.37 kobo per share, Nigerian Aviation Handling Company Plc increased by 12.86% to conclude at N7.90 kobo per share, and Abbey Mortgage Bank rounds out the top five with a 9.80% increase from N1.68 kobo per share.