By Dipo Olowookere
The shares of RT Briscoe increased by 40.00 per cent on the floor of the Nigerian Exchange (NGX) Limited last week, closing at 28 kobo per unit, giving shareholders of the company something to smile about.
It led 42 equities on the gainers’ chart in the five-day trading week, lower than the 44 equities on the table in the preceding week.
Academy Press gained 31.91 per cent to trade at N1.24, Conoil rose by 20.73 per cent to N26.50, SCOA Nigeria increased by 20.19 per cent to N1.25, while NGX Group grew by 14.66 per cent to N24.25.
A total of 35 stocks depreciated in price, higher than 33 stocks of the preceding week, with Courteville leading the chart with a price depreciation of 11.67 per cent to trade at 53 kobo.
Caverton lost 11.43 per cent to sell for N1.55, International Breweries fell by 10.17 per cent to N5.30, Pharma-Deko dropped 10.00 per cent to close at N1.98, while Japaul declined by 9.76 per cent to 37 kobo.
In the week, the All-Share Index (ASI) and market capitalisation appreciated by 2.33 per cent to close the week at 47,279.92 points and N25.477 trillion respectively.
Similarly, all other indices finished higher with the exception of insurance and consumer goods indices, which depreciated by 1.93 per cent and 0.81 per cent while the ASem and sovereign bond indices closed flat.
Last week, investors bought and sold 1.8 billion shares worth N19.6 billion in 27,822 deals in contrast to the 1.5 billion shares valued at N19.1 billion transacted in 22,557 deals a week earlier.
The financial services industry led the activity chart with 1.1 billion shares valued at N10.5 billion traded in 13,580 deals, contributing 61.29 per cent and 53.56 per cent to the total trading volume and value respectively.
The conglomerates sector followed with 144.2 million shares worth N253.3 million in 1,077 deals, while the third place was the ICT industry with a turnover of 122.2 million shares worth N1.7 billion in 1,661 deals.Fidelity Bank, Transcorp and GTCO accounted for 415.1 million shares worth N3.2 billion 3,556 deals, contributing 23.25 per cent and 16.34 per cent to the total equity turnover volume and value respectively. Nigeria’s Unlisted Securities Market Further Sheds 0.59% US-Iran Nuclear Talks Trigger Profit-taking in Oil Market