Lagos: Nigerian stocks surged for the week, with investors raking in N1.36 trillion in gains as the All-Share Index climbed 1.03 per cent to close at 203,770.43 points — even as a shortened four-day trading week due to the Easter holiday kept activity in check.
In comparison, the previous week ended at 201,698.89 and N129.806 trillion, respectively.
As a result, investors walked away with an impressive N1.360 trillion in gains during the week.
Trading kicked off with four active days on the NGX, as the Federal Government’s Easter holiday on Monday, April 6, trimmed the trading week.
All other indices closed higher, except NGX Insurance and NGX Growth, which declined by 3.64 per cent and 1.82 per cent, respectively.
A total turnover of 3.361 billion shares worth N151.948 billion was recorded in 229,442 deals during the week.
In contrast, the previous week saw 2.856 billion shares valued at N113.597 billion exchanged in 215,287 deals.
The Financial Services Industry led activity, recording 2.303 billion shares valued at N90.467 billion across 98,175 deals.
This represented 68.54 per cent of the total volume and 59.54 per cent of the total value traded.
Next, the Services Industry followed, with 264.146 million shares valued at N9.791 billion across 28,183 transactions. Next, the ICT Industry ranked third, with 214.578 million shares valued at N9.791 billion in 28,183 transactions.91 billion in 28,183 transactions.
Meanwhile, the market buzzed as Access Holdings Plc, Wema Bank Plc, and Guaranty Trust Holding Company Plc dominated activity, capturing investors’ attention.
These equities accounted for 1.124 billion shares, valued at N49.451 billion, across 27,886 deals.
This contributed 33.45 per cent to total turnover volume and 32.54 per cent to total turnover value, respectively.
Additionally, 25 equities gained, down from the 29 recorded the previous week.
Fifty-four equities declined, compared with 57 in the previous week, while 67 remained unchanged, up from 62 previously.
Among this week’s standout performers, Trans-Nationwide Express, Nigerian Exchange Group, Guaranty Trust Holding Company, Nascon Allied Industries, and Guinness Nigeria led the way, rewarding loyal investors.
They appreciated by 93k, N23, N13, N14 and N39.70 respectively.
Daar Communications, RT Briscoe, Deep Capital Management, Ellah Lakes and JaPaul Gold were top decliners. They shed 41k, N2.10, N1.01, N2 and 57k respectively.
The NGX announced the delisting of DN Tyre and Rubber Plc and Greif Nigeria Plc, effective Thursday, April 9, following their failure to meet listing standards and the unsuitability of their securities for continued trading.
This action followed their failure to meet listing standards, rendering their securities unsuitable for continued trading.
It also disclosed that 1.06 billion ordinary shares of Access Holdings Plc, each valued at 50k, were listed on Wednesday, April 8.
