How Investors Traded N13.2bn Equities in Three Days to New Year

How Investors Traded N13.2bn Equities in Three Days to New Year

By Aduragbemi Omiyale

The last three trading sessions of 2021 on the floor of the Nigerian Exchange (NGX) Limited were mixed as the market closed positive for two days and negative for a day.

The exchange operated for only three days as a result of the public holidays observed last Monday and Tuesday for the Christmas and Boxing Days.

But despite this, the market closed higher by 1.07 per cent for the week, with the All-Share Index (ASI) closing at 42,716.44 points and the market capitalisation finishing at N22.297 trillion.

Similarly, all other indices finished higher with the exception of the main board, energy and industrial goods indices, which depreciated by 0.84 per cent, 1.09 per cent and 3.91 per cent respectively while the ASeM index closed flat.

In the week, a total turnover of 995.4 million shares worth N13.2 billion in 10,264 deals was recorded as against the 965.1 million shares valued at N12.5 billion transacted in 14,802 deals the preceding week.

Financial stocks led the activity chart with 844.0 million units worth N5.885 billion traded in 5,925 deals, contributing 84.79 per cent and 44.55 per cent to the total equity turnover volume and value respectively.

Conglomerates equities followed with 46.8 million units worth N166.7 million in 368 deals, while construction/real estate shares recorded a turnover of 27.3 million units valued at N107.5 million carried out in 315 deals.

A further breakdown showed that Jaiz Bank, FBN Holdings and Zenith Bank accounted for 348.9 million shares worth N 3.4 billion in 1,552 deals, contributing 35.05 per cent and 25.88 per cent to the total equity turnover volume and value respectively.

A total of 37 equities appreciated in price during the week, higher than 33 equities in the previous week, with NEM Insurance gaining 85.95 per cent to close at N4.50.

Regency Assurance grew by 18.60 per cent to 51 kobo, Sovereign Trust Insurance rose by 15.38 per cent to 30 kobo, Coronation Insurance appreciated by 14.29 per cent to 56 kobo, while Royal Exchange also increased by 14.29 per cent to 88 kobo.However, the market closed the week with 21 depreciating stocks, lower than 25 depreciating stocks of the previous week, with May & Baker losing 10.86 per cent to close at N4.02.BUA Cement lost 10.00 per cent to sell for N67.05, Jaiz Bank fell by 9.68 per cent to 56 kobo, PZ Cussons declined by 8.96 per cent to N6.10, while Wema Bank depreciated by 6.49 […]

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