Transcorp, AIICO, Zenith Bank Account for 27.35% of total weekly transactions

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Nigerian Exchange (NGX) Limited recorded the sale of 711.618 million shares worth N15.338 billion in 16,662 transactions last week, up from 694.376 million shares worth N8.667 billion traded in 15,418 transactions the previous week .

This improvement in total weekly transactions was triggered by renewed interest in the stock market from foreign and domestic investors as they buy stocks that are trading at low prices ahead of the holiday period, when traders normally sell for profit. .

trade publication reports that financial stocks were the most attractive of the week, trading 461.230 million units worth N3.697 billion in 7,653 deals, contributing 64.81 percent and 24.10 percent to total trading volume and value, respectively.

Conglomerate shares followed with 99.881 million units worth N139.213 million in 582 deals, while TIC shares traded 37.953 million units valued at N7.577 million in 1,050 deals.

Transcorp, AIICO Insurance and Zenith Bank were noted to have traded 194.6 billion units worth N1.191 billion in 1,974 deals, representing 27.35 percent and 7.76 percent of trading volume and value total each.

Nigerian Breweries posted the largest price appreciation as its value rose 18.67% to N48.95, Sovereign Trust Insurance appreciated 16.67% to 28 Kobo, Prestige Assurance improved 16.22% to 43 Kobo, Cornerstone Insurance gained 15.91 per cent to close at 51 Kobo, and Airtel Africa grew 14.17 per cent to N1,450.00.

However, Nestle Nigeria suffered the biggest loss as it fell 20.67% to trade at N963.90, Capital Hotel declined 10.00% to N3.06, SCOA Nigeria down 9.30%, CWG lost a 9.09% to close at 80 Kobo and Royal Exchange fell 8.97% to 71 Kobo.

At the close of trading for the week, the price of 49 shares appreciated during the week, higher than the 31 shares of the previous week, while the price of 19 shares depreciated, lower than the 33 shares of the previous week, with 89 shares closing flat, down. of 93 actions registered in the previous week.

For the week, the All-Share Index (ASI) and market capitalization appreciated 6.88 percent to 47,554.34 points and N25.902 trillion, respectively.

Similarly, all other indices ended higher except for the energy and sovereign bond indices, which depreciated 1.29% and 0.32% each, while the ASeM and growth indices closed unchanged.

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