UBA, Fidelity Bank, Access Holdings Close as Busiest Equities

 

The Nigerian Exchange (NGX) Limited saw the most activity last week with UBA, Fidelity Bank, and Access Holdings, which together accounted for 447.125 million units valued at N6.488 billion in 4,913 deals. These three stocks contributed 29.88 percent and 26.72 percent, respectively, to the total trading volume and value.

Compared to the 1.470 billion shares worth N24.431 billion traded in 29,683 deals the week before, investors traded 1.496 billion shares valued at N24.284 billion in 29,298 deals.

Financial stocks, which accounted for 1.047 billion units valued at N12.709 billion in 13,667 deals, dominated the activity chart, according to the data. They contributed 52.34% and 69.99%, respectively, to the overall trading value and volume.

Read more: UBA, Zenith, GTCO lead Nigeria’s 7 most profitable firms

Conglomerates stocks traded 80.655 million units worth N526.409 million in 1,459 deals, while ICT shares followed with 94.997 million units valued at N1.445 billion in 1,982 deals.

According to the price movement index, 83 stocks closed flat compared to 86 stocks the week before, 46 shares lost weight compared to 33 shares, and 28 stocks saw their value increase compared to 38 stocks the week before.

With a gain of 29.64 percent to N3.63, Thomas Wyatt topped the gainers' chart. Julius Berger improved by 9.09 percent to N36.00, UBA increased by 8.26 percent to N19.00, and Learn Africa increased by 6.45 percent to N3.30. DAAR Communications gained 9.52 percent to sell at 23 Kobo.

Conversely, the top losers' list was headed by Sovereign Trust Insurance, which dropped 17.50% to close at 33 Kobo; Cadbury Nigeria lost 16.00% to N12.60; Stanbic IBTC Holdings lost 13.06% to N69.55; Flour Mills lost 11.88% to N28.20; and Okomu Oil lost 9.96% to N236.80.

According to Business Post, the market capitalization and the All-Share Index (ASI) both declined by 0.42 percent to N36.764 trillion and 66,915.41 points, respectively, when trading for the week came to an end.

The ASeM index closed flat, while all other indices ended lower with the exception of the NGX CG, premium, banking, AFR Bank Value, AFR Div. Yield, MERI Value, and sovereign bond, which all gained 0.47, 0.54, 3.52, 1.82, 3.24, 2.99, and 3.08 percent apiece.