NASD investors earn 2.7 billion naira in first trading week of 2022


By Dipo Olowookere

Equity investments in Nigeria attracted around 59.0 billion naira during the four trading days of the past week, the analysis of trading on the floor of the Nigerian Exchange (NGX) Limited revealed.

The significant increase in the volume and value of trades by investors during the week is due to the sponsorship of the shares of BUA Foods after their IPO.

Business post reports that during the week, a total of 2.0 billion shares worth 59.0 billion naira were bought and sold in 15,750 transactions, compared to 995.4 million shares of worth 13.2 billion naira traded in 10,264 transactions a week earlier.

BUA Foods, Wema Bank and Transcorp were the most traded stocks during the week, accounting for 1.4 billion units worth 51.3 billion naira executed in 1,120 deals, contributing 67% respectively and 86.85% by volume and total value of transactions.

In terms of sectors, the consumer goods industry dominated the activity chart with 1.3 billion shares valued at 52.0 billion naira traded in 2,581 deals, accounting for 61.90% and 88, respectively. 07% of the volume and total value of trade.

The financial services front desk followed with 538.0 million shares worth 4.6 billion naira in 8,015 transactions, while the ICT space reported revenue of 76.9 million naira. shares worth 704.4 million naira carried out in 933 transactions.

Academy Press ended the week with the largest price increase, rising 20.00% to trade at 60 kobo, followed by Cornerstone Insurance, which gained 19.57% to sell at 55 kobo.

Meyer also rose 19.57% to 55 kobo, Wema Bank rose 18.06% to 45 kobo, while Japaul appreciated 15.38% to 78 kobo.

The biggest price loser for the week was Sunu Assurances, which fell 17.78% to 37 kobo, followed by Consolidated Hallmark Insurance, which fell 16.46% to 66 kobo.

Sovereign Trust Insurance fell 13.33% to 26 kobo, Vitafoam lost 10.00% to close at 20.25 N, while Northern Nigerian Flour Mills deflated 9.38% to 7.25 N.

At the close of trading, the exchange ended with 40 prize winners, higher than the previous week’s 37 winners, 31 prize losers, also higher than the previous week’s 21 losers, while 84 stocks closed flat , lower than 99 shares of the previous week. the week.

In terms of movement of key stock market indices, the All-Share Index (ASI) and market capitalization appreciated 2.66% and 5.97% to 43,854.42 points and 23,628 billion naira respectively. .

Likewise, all other indexes finished higher except for Premiums, Insurance, AFR Div Yield, Meri Growth, Consumer Goods and Lotus II, which were down 0.47 percent, 0.93 percent. cent, 0.97 percent, 0.66 percent, 0.87% and 0.12% respectively, while the ASem and sovereign indices closed flat.


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