Stock investors gained N168 billion last week as investors have started scooping underpriced stocks following weeks of bearish trends.
Investors transacted 914.443 million shares worth N15.263 billion in 18,021 deals during the week, against a total of 823.005 million shares valued at N12.228 billion that exchanged hands in 17,482 deals in the previous week.
Breaking down the performance of key sectors, the Financial Services Industry led the activity chart with 723.125 million shares valued at N5.209 billion that exchanged hands in 9,122 deals. Therefore, contributed 79.08% and 34.13% to the total equity turnover volume and value, respectively.
Consumer Goods followed with 51.097 million shares worth N4.668 billion in 2,610 deals. In third place was the Conglomerates Industry, with a turnover of 36.089 million shares worth N72.383 million
in 527 deals.
Mutual Benefits Assurance Plc, FBN Holdings Plc and Access Holdings Plc were the three most traded equities last week. The three accounted for a combined 325.818 million shares worth N1.758 billion in 1,897 deals and contributed 35.63% and 11.52% to the total equity turnover volume and value, respectively.
The NGX All-Share Index appreciated by 0.63% to close the week at 49,682.15, up from 49,370.62 index points recorded in the previous week. The market capitalisation of all listed equities gained N168 billion to settle at N26.797 trillion from N26.629 trillion achieved in the previous week. The Exchange year-to-date gain inched slightly higher to 16.31%.
All other indices finished lower with the exception of NGX-Main Board, NGX 30 Index, NGX Insurance Index, NGX-AFR Bank Value and NGX Lotus II Indices which appreciated by 2.56%, 0.48%, 3.88%, 0.07 and 0.11% while, The NGX ASeM and Growth indices closed flat.
Twenty-seven equities appreciated in price during the week, higher than Twenty-one equities in the previous week. Thirty-eight equities depreciated in price lower than Forty- one in the previous week, while ninety-one equities remained unchanged lower than ninety-four equities recorded in the previous week.
