The Nigerian Exchange Limited (NGX) has reported a decline in market activity, with trading volume dropping by 21.83 percent during the week ended October 10.
Gatekeepers News reports that according to the NGX weekly market summary, investors exchanged a total of 2.28 billion shares valued at N90.28 billion across 138,177 deals, compared to the previous week’s 8.4 billion shares worth N115.5 billion in 115,801 transactions.
The financial services industry dominated the market by trading volume, recording 1.35 billion shares valued at N24.58 billion across 59,553 deals. This sector accounted for 59.28 percent of the total turnover volume and 27.23 percent of the total value.
Following closely was the ICT industry, which posted a turnover of 182.82 million shares worth N7.8 billion in 12,597 deals, while the agriculture industry came third with 181.5 million shares valued at N3.54 billion across 8,924 deals.
The report identified Ellah Lakes Plc, Chams Holding Company Plc, and Fidelity Bank Plc as the most traded equities during the week. Together, they accounted for 430.96 million shares valued at N5.59 billion in 10,254 transactions, representing 18.86 percent and 6.20 percent of the total trading volume and value, respectively.
Among the week’s best-performing stocks, Sovereign Trust Insurance Plc led with a N0.46 kobo gain, closing at N3.21 kobo per share, up from N2.75 kobo. Omatek Ventures Plc followed, rising by N0.15 kobo to N1.37 kobo per share.
AXA Mansard Insurance Plc appreciated by N1.7 kobo to close at N16.1 kobo, while Chams Holding Company Plc climbed N0.45 kobo to finish at N4.3 kobo. Eunisell Interlinked Plc also saw a notable rise, ending the week at N44 per share, up N4.5 kobo from its opening price.
Conversely, Livingtrust Mortgage Plc led the decliners, losing N0.89 kobo to close at N5.2 kobo per share. Neimeth International Pharmaceuticals Plc dropped by N0.74 kobo to N6.01 kobo per share.
UH Real Estate Investment Trust Plc depreciated by N5.75 kobo, closing at N51.85 kobo, while Meyer Plc fell 9.85 percent to N15.1 kobo, losing N1.65 kobo from its previous N16.75 kobo. Juli Plc also recorded a 9.6 percent decline, dropping to N8.95 kobo per share from N9.9 kobo.
