Naira loses 50 Kobo and trades at N416.25/$1

By Dipo Olowookere

Shares of RT Briscoe rose 40.00% on the floor of the Nigerian Exchange (NGX) Limited last week, closing at 28 kobo per unit, giving the company’s shareholders something to smile about.

It led 42 stocks on the winners chart over the five-day trading week, lower than the 44 stocks on the table the previous week.

Academy Press gained 31.91% to trade at N1.24, Conoil rose 20.73% to N26.50, SCOA Nigeria rose 20.19% to N1.25, while NGX Group was up 14.66% at N24.25.

A total of 35 stocks depreciated in price, more than 33 stocks from the previous week, with Courteville leading the chart with a price depreciation of 11.67% to trade at 53 kobo.

Caverton fell 11.43% to sell at N1.55, International Breweries fell 10.17% to N5.30, Pharma-Deko fell 10.00% to close at N1.98, while that Japaul was down 9.76% to 37 kobo.

During the week, the All-Share Index (ASI) and market capitalization appreciated by 2.33% to end the week at 47,279.92 points and 25,477 billion naira respectively.

Similarly, all the other indices ended higher except for the insurance and consumer goods indices, which depreciated by 1.93% and 0.81% while the ASem and sovereign bond indices closed. flat.

Last week, investors bought and sold 1.8 billion shares worth N19.6 billion in 27,822 trades, compared to 1.5 billion shares valued at N19.1 billion. traded in 22,557 transactions a week earlier.

The financial services sector leads the business chart with 1.1 billion shares valued at N10.5 billion traded in 13,580 transactions, contributing 61.29% and 53.56% to volume and share respectively. the total value of transactions.

The conglomerate sector followed with 144.2 million shares worth N253.3 million in 1,077 deals, while the third place was the ICT industry with turnover of N122.2 million shares worth N1.7 billion in 1,661 transactions.

Fidelity Bank, Transcorp and GTCO accounted for 415.1 million shares worth N3.2 billion in 3,556 transactions, contributing 23.25% and 16.34% to turnover volume and value, respectively. shares business.

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