Lagos: Investors concluded Friday with 3.695 billion shares traded—worth N177.687 billion—across 370,980 deals on the Exchange.
In contrast, the previous week saw the exchange of 5.494 billion shares, valued at N196.709 billion, across 370,233 deals.
That said, despite the bustle, transaction values dipped 10.7 per cent week-on-week, reminding investors to watch changing trends.
Once again, the Financial Services Industry took the spotlight, leading the activity chart with 2.444 billion shares valued at N72.029 billion across 145,628 deals.
The sector contributed 66.14 per cent to the total equity turnover volume and 40.54 per cent to the total equity turnover value.
Hot on its heels, the Oil and Gas Industry saw 326.073 million shares worth N39.510 billion change hands in 36,458 deals.
Ranking third, the Services Industry recorded 218.374 million shares worth N2.012 billion in 18,575 deals.
Jaiz Bank Plc, Fortis Global Insurance Plc, and Access Holdings Plc were particularly active, jointly accounting for 661.242 million shares—worth N8.062 billion—across 38,534 deals.
The three equities contributed 17.90 per cent and 4.54 per cent to total equity turnover volume and value, respectively.
Meanwhile, the NGX All-Share Index and market capitalisation closed on a high note, rising by 2.15 per cent and 2.16 per cent to reach 196,968.15 points and N126.437 trillion.
While most other indices closed higher, declines were observed in NGX Insurance, NGX MERI Value, NGX Consumer Goods, NGX Growth, and NGX Sovereign Bond.
Specifically, these indices depreciated by 1.88 per cent, 0.01 per cent, 0.09 per cent, 15.31 per cent and 3.01 per cent, respectively.
A total of 44 equities appreciated in price during the week, higher than the 32 recorded in the previous week.
Meanwhile, 58 equities declined in price, compared with 69 the previous week.
Additionally, 46 equities remained unchanged, slightly lower than 47 recorded in the previous week.
The top five losers for the week were McNicholas, Mecure, Multiverse Mining, Jaiz Bank, and Omatek Ventures.
These companies lost N2.07, N14.35, N4.25, N2.33 and 40 kobo, respectively. The week’s top gainers were Fortis Global Insurance, Premier Paint, Eterna, Nigerian Exchange Group, and UAC of Nigeria.
They gained 55 kobo, N3.60. Shifting focus, the Exchange also notified trading licence holders of the listing of 105,003,725 additional ordinary shares of Fidson Healthcare Plc on March 6.
These additional shares arose from Fidson Healthcare Plc’s Employee Share Scheme.
With this listing, the total issued and fully paid-up shares of Fidson Healthcare Plc increased from 2,294,996,275 to 2,400,000,000 ordinary shares, according to the notice.00,000 ordinary shares,” the notice stated.
Similarly, trading licence holders were notified of the listing of 68,158,000 units of Chapel Hill Denham Management Ltd.’s Series 5 Nigeria Real Estate Investment Trust.
The units, priced at N103 each and valued at N100 each, were listed under the N400. With this listing, the total outstanding units of the Nigeria Real Estate Investment Trust on NGX increased from 1,588,617,222 to 1,656,775,222, the Exchange added.2 units,” the Exchange added.
