Written by Dipo Olovukere
Nigerian Exchange (NGX) Limited saw a 1.61% gain last week, boosted by 42 stocks, up from 33 stocks that closed the week before.
In a five-day trading week, University Press stock performed the best, climbing 28.46% to trade at N1.58.
FBN Holdings rose 21.74% to N9.80, Courtville rose 17.14% to 41 kobos, Ecobank climbed 16.67% to sell for N6.30, while Pharma Deko gained 10.64 % to N2.60.
A total of 26 shares lost value over the week, up from 22 shares in the previous week, with Cornerstone Insurance falling 12.07% to 51 kobos.
Morison Industries shares fell 10.00% to N1.89, BOC Gases fell 9.87% to N10.50, Regency Assurance was down 9.09% to 40 kobo, while Academy Press was down 7.69%. and closed at 36 kobo.
Business mail reports that a total of 87 shares were traded unchanged, down from 100 shares in the previous week.
It was noted that while the All-Share Index (ASI) increased 1.61% to 40,868.36 points, market capitalization rose 1.62% to 21.296 trillion. N. week.
Likewise, all other indices finished higher, with the exception of the insurance and consumer goods indexes, which lost 1.51% and 0.51%, respectively, while the ASeM, growth and sovereign bonds indexes closed unchanged.
In terms of activity level, investors completed 22,438 deals in the week for 2.2 billion Shares worth NO 22.0 billion, while the week before there were 14,377 deals with 2.2 billion Shares worth 16. 2 billion Nor.
The analysis showed that financial stocks were leading in volume with 1.8 billion units worth 18.1 billion N traded in 12,942 trades, accounting for 81.20 percent and 82.22 percent of total trading volume and value, respectively.
Conglomerates shares traded 93.2 million units worth 169.8 million N in 736 trades, while ICT shares traded 72.3 million units worth N 1.0 billion in 861 transactions.
Further analysis showed that FBN Holdings, Universal Insurance and Fidelity Bank were the most active stocks by volume, with 1.2 billion units sold for N12.3 billion in 3,460 deals, accounting for 53.28 percent and 56.18 percent of the total. bidding and cost. respectively.