By Dipo Olowookere
The share price of Caverton appreciated by 59.75 per cent to N2.54 last week at the Nigerian Exchange (NGX) Limited amid renewed interest from investors.
The aviation equity topped the gainers’ chart comprising 52 members in the week versus 36 equities in the preceding week.
It was followed by RT Briscoe gained 42.02 per cent to sell at N3.65, UPDC grew by 36.92 per cent to N1.78, FBN Holdings improved by 31.52 per cent to N29.00, and eTranzact jumped by 30.08 per cent to N8.00.
On the flip side, Learn Africa topped the losers’ group of members 31 stocks versus 46 stocks of the preceding week after it lost 22.15 per cent to quote at N3.62.
Julius Berger depreciated by 17.89 per cent to N140.00, PZ Cussons fell by 17.63 per cent to N15.65, DAAR Communications slumped by 12.16 per cent to 65 Kobo, and Sovereign Trust Insurance plunged by 11.11 per cent to 64 Kobo.
Business Post reports that in the week, 68 shares closed flat compared with 69 shares of the previous week.
In the five-day trading week, the All-Share Index (ASI) and the market capitalisation appreciated by 1.06 per cent and 1.10 per cent to 97,456.62 points and N56.002 trillion, respectively.
Similarly, all other indices finished higher except NGX Growth which depreciated 0.03 per cent while the ASeM index closed flat.
A total turnover of 2.584 billion shares worth N51.205 billion in 50,615 deals was traded by investors on the stock exchange, in contrast to the 2.141 billion shares valued at N51.217 billion transacted in 55,603 deals a week earlier.
Financial equities led the activity chart with 1.707 billion units valued at N26.989 billion traded in 19,277 deals, contributing 66.05 per cent and 52.71 per cent to the total trading volume and value, respectively.
Energy shares trailed with 332.829 million units worth N11.997 billion in 9,956 deals, and services stocks transacted 146.189 million units valued at N530.544 million in 3,404 deals.
The trio of Jaiz Bank, Zenith Bank, and Japaul accounted for 947.855 million shares worth N11.084 billion in 4,822 deals, contributing 36.68 per cent and 21.65 per cent to the total trading volume and value apiece.