The Nigerian equity market gained N319 billion last week as 51 stocks appreciated, while the All-Share Index rose by 0.72 per cent to close at 98,210.75, and market capitalisation reached N59.534tn.
Trading activity saw 3.893bn shares worth N87.749bn traded in 43,868 deals, up from 3.194bn shares valued at N54.850bn in 45,112 deals the previous week.
According to the analysis by Punch newspaper on Monday, the financial services sector led the activity chart, with 2.709 billion shares valued at N51.027bn traded in 20,017 deals, accounting for 69.58 per cent of the total volume and 58.15 per cent of the total value.
The consumer goods sector followed with 403.658 million shares worth N3.844bn, while the industrial goods sector recorded 198.360m shares valued at N10.328bn.
FBN Holdings Plc, Wema Bank Plc and Fidelity Bank Plc were the most traded, with a combined 1.63 billion shares worth N28.982bn exchanged in 3,226 deals, representing 41.74 per cent of total volume and 33.03 per cent of the total value.
The overall market saw 51 stocks appreciate, an increase from 32 last week, while 30 stocks declined, down from 46.
The number of stocks that remained unchanged decreased to 72 from 75.
Learn Africa Plc led the price decliners, with an 11.75 per cent drop, followed by Aradel Holdings Plc, which lost 10.06 per cent.
eTranzact International Plc and Red Star Express Plc saw 10.00 per cent declines, while John Holt Plc and Daar Communications Plc dropped by 9.98 per cent and 6.56 per cent, respectively.
Golden Guinea Breweries Plc led the gainers with a 45.95 per cent increase, followed by Sunu Assurances Nigeria Plc at 29.49 per cent.
Lafarge Africa Plc gained 27.59 per cent, while Secure Electronic Technology Plc and Cornerstone Insurance Plc saw increases of 27.27 per cent and 25.00 per cent, respectively.
It added that the Federal Government of Nigeria Savings Bonds for November 2024 were listed on the Nigerian Exchange Limited on December 6.
The bonds include the FGS NOV 2026 with a 17.440 per cent coupon rate and FGS NOV 2027 with an 18.440 per cent coupon rate.
GIK/APA