By Dipo Olowookere
Nigerian stocks attracted 22.7 billion naira from investors last week, although the All-Share Index (ASI) and the market capitalization of the Nigerian Exchange (NGX) Limited depreciated by 0.16 % week-on-week at 47,202.30 points and 25.436 trillion naira. respectively.
Similarly, all other indices ended lower except for NGX 30, Banking, Retirement, Insurance, NGX AFR Bank, NGX AFR Div. Yield, NGX Meri Value, Consumer Goods, Oil/Gas and Industrial Goods Indices, which rose 0.07%, 2.34%, 0.46%, 1.51%, 0.32% , 4.78 percent, 2.03 percent, 1.35 percent, 0.29 percent and 0.06 percent, while the growth index remained stable.
Business post reports that a significant number of deals were centered on Access Bank, GTCO and Fidelity Bank, accounting for 316.8 million shares worth N4.4 billion in 3,476 deals, contributing 23.80% respectively and 19.18% to the volume and total value of transactions
The total trading volume for the week stood at 1.3 billion shares, the total value was 22.7 billion naira, while the total number of trades was 24,039 transactions.
Compared to the previous week, it was observed that the volume of transactions was lower than the 1.8 billion shares recorded a week earlier, the value of transactions was higher than the 19.6 billion naira made the previous week and the number of transactions was lower than the 27,822 transactions recorded the previous week.
During the week, financial stocks dominated with 886.1 million units worth N10.1 billion traded in 11,563 transactions, contributing 66.60% and 44.31% to volume respectively. and the total value of transactions.
Behind, consumer goods stocks with 107.6 million units worth N4.472 billion in 3,833 transactions, and conglomerate stocks with turnover of 102.2 million units of worth N198.1 million executed in 1,008 transactions.
On the price action chart, there were 44 price winners, higher than the previous week’s 42, 31 price losers, lower than the previous week’s 35, while 81 stocks closed flat, higher than 79 from the previous week.
SCOA Nigeria was the best performing stock of the week with a price gain of 42.40% to trade at N1.78, RT Briscoe gained 39.29% to close at N39 kobo, Sunu Assurances rose 30.00% to 39 kobo, Guinness Nigeria rose 24.61% to N60.50, while Flour Mills was up 10.62% to N32.30.
On the other hand, Pharma-Deko was the worst performing stock as its value fell 16.67% to N1.65, Okomu Oil lost 10.00% to trade at N127.80, Juli depreciated 9.89% to sell at 82 kobo. , Guinea Insurance fell 9.09% to 20 kobo, while PZ Cussons fell 7.19% to N6.45.