The Nigerian stock market collapsed last week, with trading volume reaching N1.45 trillion. The All Share Index closed the week down 2.94 per cent to 102,353.68 points, while market value also fell 2.26 per cent to ₦62.85 trillion.
A total of 2.252 billion shares were traded in 63,657 transactions, valued at TRY58.83 billion. This figure was compared to the previous week when 4.698 billion shares were traded in 72,562 transactions, valued at TRY85.04 billion.
The financial services sector saw 1.371 billion shares traded, accounting for 60.86 per cent of the total volume and 37.86 per cent of the total value, with a value of TRY22.27 billion. This was followed by consumer stocks with 253.54 million shares worth ₦15.24 billion, while utility companies held 193.42 million shares worth ₦931.8 million.
The most actively traded stocks last week were Universal Insurance Plc, Guaranty Trust Holding Company Plc and AIICO Insurance Plc with a total of 468.32 million shares valued at N9.01 billion, accounting for 20.79% of the total volume and 15.31% of the total price.
- Advertisement -
Nigerian Flour Mills Plc closed with a 19.54 per cent increase at TRY54.45, while Animal Feed Plc closed with a 17.62 per cent increase at TRY5.94. Dangote Sugar Mills Limited’s share price also increased by 16.67 per cent from its opening price of N33.00 to its closing price of N38.50.
On the other hand, Universal Insurance Plc led the decline with a 19.23 per cent decrease from its opening price of N0.78 to its closing price of N0.63. Other stocks that reported major losses included Royal Exchange Plc, which fell 18.35 per cent to close at 0.89 naira, and Regency Assurance Plc, which fell 17.78 per cent to close at 0.74 naira.
Sovereign Trust Insurance Plc also lost 16.67 per cent to close at 1.10 naira, while Dangote Cement Plc fell 16.46 per cent from its opening price of 478.80 naira to its closing price of 400.00 nairas.
