Trading activity on the Nigerian Exchange Limited (NGX) declined last week, as total turnover fell by 17.1% to N63.78 billion.
Gatekeepers News reports that investors exchanged 2.60 billion shares across 77,593 transactions, down from the previous week’s 2.64 billion shares valued at N77 billion in 86,110 deals.
According to NGX’s weekly market report, the financial services sector led the chart in both volume and value. It recorded 1.54 billion shares traded, worth N28.96 billion in 32,805 deals. It contributed 59.08% of the total traded volume and 45.41% of total market value.
Next was the services industry, with 286.83 million shares valued at N1.71 billion in 6,280 deals. The consumer goods sector came third, posting a turnover of 202.57 million shares worth N7.44 billion across 9,708 transactions.
The most active stocks by volume were FCMB Group Plc, Access Holdings Plc, and Tantalizer Plc. The three companies accounted for a combined 600.68 million shares valued at N6.57 billion in 7,201 deals, making up 23.05% of the total trading volume and 10.3% of the total value.
According to the report; Beta Glass Plc saw the highest gain, increasing by N74.40 to close at N235.05 from N160.65; Champion Breweries Plc rose from N4.80 to N6.82, gaining N2.02; Caverton Offshore Support Group Plc climbed by N1.15, ending at N4.20 from N3.05; FTN Cocoa Processors Plc appreciated by N0.69 to close at N2.59; and Northern Nigeria Flour Mills gained N29.40, moving from N90.50 to N119.90.
On the other hand, Multiverse Mining & Exploration Plc dropped from N10.00 to N8.05, losing N1.95; Union Dicon Salt declined by N1.00, closing at N7.45 from N8.45; Nigerian Aviation Handling Company fell 9.64%, from N8.30 to N7.50; University Press Plc saw a loss of N0.43, ending at N4.40 from N4.83; and Legend Internet shed N0.60, finishing the week at N8.40 from N9.00.
