By Dipo Olowookere
A complete of 1.4 billion shares price N13.1 billion have been traded final week by buyers in 19,315 offers on the ground of the Nigerian Exchange (NGX) Limited, knowledge obtained by Business Post confirmed.
The turnover recorded at the alternate final week was greater than the 1.3 billion shares price N8.7 billion transacted at the previous week in 19,830 offers.
The turnover was pushed by trades round FBN Holdings, Access Bank and Wema Bank, which accounted for 626.8 million models valued at N4.5 billion in 2,802 offers, contributing 43.95 per cent and 34.10 per cent to the whole buying and selling quantity and worth respectively.
An additional breakdown confirmed that monetary shares led the exercise chart with 1.1 billion shares valued at N8.2 billion traded in 10,700 offers, contributing 79.68 per cent and 62.73 per cent to the whole buying and selling quantity and worth respectively.
Equities within the shopper items house trailed with a turnover of 76.5 million models price N1.4 billion in 3,076 offers, whereas shares within the conglomerates counter occupied the third place for buying and selling 58.2 million models price N186.293 million in 769 offers.
In the week, a complete of 25 shares closed on the gainers’ chart, decrease than 26 shares of the previous week, whereas 34 shares depreciated in value, decrease than 36 shares every week earlier, with 97 shares closing flat, greater than 94 shares of the earlier week.
Oando was the best-performing inventory within the five-day buying and selling week for rising by 14.00 per cent to N4.64 and was trailed by FTN Cocoa, which gained 11.11 per cent to promote at 50 kobo.
Mutual Benefits Assurance grew by 10.71 per cent to 31 kobo, United Capital appreciated by 8.99 per cent to N8.00, whereas Chams improved by 4.78 per cent to 22 kobo.
Conversely, Cornerstone Insurance completed the week because the worst-performing shares with a lack of 15.79 per cent to commerce at 48 kobo.
UPDC declined by 10.06 per cent to N1.61, SCOA Nigeria went down by 9.72 per cent to N1.30, GlaxoSmithKline decreased by 9.56 per cent to N6.15 per cent, whereas Wema Bank fell by 9.41 per cent to 77 kobo.
At the shut of the buying and selling week, the All-Share Index (ASI) and market capitalisation depreciated by 0.86 per cent to 38,921.78 factors and N20.279 trillion respectively.
All different indices completed decrease except shopper items, oil/gasoline and sovereign bond indices, which appreciated by 0.18 per cent, 2.28 per cent and 0.26 per cent respectively, the ASeM, industrial items and development counters closed flat.