Investors Sell N15.3Bn Stocks As Access, MBA Top Trades At NGX

Investors traded 914.443 million shares worth N15.263 in 18,021 deals last week.

The figure surpassed the 823.005 million shares valued at N12.228 billion which exchanged hands in 17,482 deals the previous week, according to the data released by the Nigerian Exchange Group (NGX)

However, the top three equities for the week were Mutual Benefits Assurance Plc, FBN Holdings Plc and Access Holdings Plc by measure of volume, after contributing 35.63% and 11.52% to the total equity turnover by volume and value respectively.Consequently, investors traded 325.818 million shares worth N1.758 billion in 1,897 deals involving Mutual Benefits Assurance, FBN Holdings and Access Holdings.

Financial Services Industry led the activity chart with 723.125 million shares valued at N5.209 billion traded by investors in 9,122 deals, according to data released by the Nigerian Exchange Group (NGX)

This was followed by the Consumer Goods Industry with shareholders trading 51.097 million shares worth N4.668 billion in 2,610 deals.The Conglomerates Industry reported 36.089 million shares worth N72.383 million in 527 deals.

The top five gainers for the week included NEM Insurance, which gained N1.18kobo to end the week with N5 per share against the N3.82kobo recorded the preceding week.

Mutual Benefit’s share price rose by 20 percent to move from N0.25kobo to N0.30kobo per share.

Japaul Gold’s stock price was up by 17.24 percent to move from its opening of N0.29kobo to N0.34kobo per share.

Multiverse’s shares rose by N0.30 kobo to hit N2.40kobo compared to the previous N2.10kobo per share.

Honeywell’s share appreciated by N0.30kobo to rise from N2.42kobo to N2.72kobo per share.

However, the top five losers of the week included, NNFM, which topped the losers’ list after shedding N1.10kobo to drop from N8.60kobo to N7.50kobo per share.

FTN Cocoa’s share value dropped from N0.33kobo to N0.29kobo per share after losing lost 12.12 percent of its share price.

ALSO READ:Maikyau Takes Over From Akpata as NBA President
Ellah Lakes lost N0.40kobo to drop from N4 to N3.60kobo per share.

Fidson lost N0.99kobo to end the week with N9.11kobo against the N10.10kobo per share posted previous week.

Vitafoam lost N2.20kobo to drop from N22.50kobo to N20.30kobo per share.