Editor/
Shares of Living Trust Mortgage Bank Plc grew by 10.00 percent to close at N1.76, as the foremost mortgage lender leads gainers in the financial sector in the first week of trading in 2023.
NewsmakersNG reports that a total of 38 shares were on the gainers’ list, while 17 were on the losers’ table, and 102 equities remained unchanged.
The Nigerian Exchange (NGX) Limited operated for only four days last week, in which period a total of 921.856 million shares worth N27.154 billion were transacted in 15,601 deals.
As usual, financial equities dominated the activity chart as NGX investors traded 616.527 million units valued at N6.452 billion in 7,208, contributing 66.88 percent and 23.76 percent to the total trading volume and value, respectively.
The industrial goods shares followed with 138.314 million units valued at N13.356 billion in 1,063 deals, while conglomerates stocks exchanged 55.931 million units for N92.845 million in 502 deals.
The busiest stocks were FBN Holdings, BUA Cement, and GTCO, accounting for 450.338 million units worth N17.203 billion in 1,862 deals, contributing 48.85 percent and 63.35 percent to the total trading volume and value, respectively.
John Holt recorded the biggest price appreciation as it gained 20.55 percent to close at 88 Kobo, NAHCO chalked up 15.63 percent to N7.40, Nigerian Breweries appreciated by 14.63 percent to N47.00 and BUA Foods expanded by 14.62 percent to N74.50.
On the other side of the coin, Champion Breweries was the heaviest price loser after it went down by 15.64 percent to N4.64, Consolidated Hallmark Insurance dropped 10.45 percent to 60 Kobo, Chellarams declined by 9.82 percent to N2.02, University Press dwindled by 7.37 percent to N1.76, and Jaiz Bank deflated by 5.43 percent to 87 Kobo.
The All-Share Index (ASI) and the market capitalisation of the bourse depreciated last week by 0.06 percent to 51,222.34 points and N27.899 trillion, respectively.
All other indices finished higher apart from the NGX Main Board, industrial goods and sovereign bond indices, which fell by 0.54 percent, 0.58 percent and 0.09 percent, respectively, while the ASeM index closed flat.
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