By Dipo Olowookere
Shares of John Holt appreciated on the floor of the Nigerian Exchange (NGX) limited last week by 60.50 per cent to N7.72 from N4.81 per cent in the preceding trading week.
The company was among 39 equities that gained weight in the trading week higher than the 31 equities that appreciated in the previous trading week.
Data from the NGX indicated that in the five-day trading week, 46 shares depreciated versus 42 shares a week earlier, and 67 stocks remained unchanged, in contrast to 79 stocks in the previous week.
Business Post reports that Eunisell continued its sterling performance in the period under review after it recorded a 46.22 per cent week-on-week growth to sell for N11.99, Tantalizers grew by 33.93 per cent to 75 Kobo, Sunu Assurances jumped by 32.04 per cent to N2.72, and Flour Mills expanded by 22.89 per cent to N78.65.
On the flip side, DAAR Communications depleted by 12.12 per cent to 58 Kobo, Oando lost 10.44 per cent to quote at N62.65, VFD Group shed 10.00 per cent to trade at N40.50, Abbey Mortgage Bank slumped by 9.77 per cent to N2.40, and Ellah Lakes tumbled by 7.36 per cent to N3.40.
When trading activities ended for the week last Friday, the All-Share Index (ASI) and the market capitalisation was up on a w-o-w basis by 0.50 per cent to 97,722.28 points and N59.215 trillion, respectively.
Similarly, all other indices finished higher apart from the energy and the industrial goods indices, which depreciated by 0.29 per cent and 0.20 per cent, respectively, while the ASeM and sovereign bond indices closed flat.
A total of 1.482 billion shares worth N38.875 billion in 44,795 deals exchanged hands in the week versus the 6.468 billion shares valued at N75.745 billion traded in 48,804 deals a week earlier.
Financial stocks dominated with 1.068 billion units sold for N19.820 billion in 21,001 deals, contributing 72.04 per cent and 50.98 per cent to the total trading volume and value, respectively.
Energy shares transacted 103.143 million units worth N11.351 billion in 8,200 deals, and consumer goods stocks traded 77.198 million units valued at N2.845 billion in 4,266 deals.
Access Holdings, United Capital and UBA accounted for 433.794 million equities worth N10.274 billion in 8,790 deals, contributing 29.27 per cent and 26.43 per cent to the total trading volume and value, respectively.