• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Business & Finance Business

Investors Pump N29.299bn Into Stock Market in One Week

Quadri Olaitan by Quadri Olaitan
August 29, 2023
in Business
0 0
0
stock1
thenacre-campaign

The Nigerian Exchange (NGX) Limited had a mixture of lime and honey last week as a result of investors’ reactions to economic data, especially the unemployment rate, gross domestic product (GDP), and the foreign exchange (FX) market.

Amid the roller coaster, the All-Share Index (ASI) and the market capitalisation managed to stand upright by 1.29 per cent on a week-on-week basis, closing at 65,558.91 points and N35.881 trillion apiece.

Similarly, all other indices finished higher except NGX CG, NGX Premium, banking, NGX AFR. Bank Value, NGX MERI Value, energy, industrial goods and growth indices, which depreciated by 1.63 per cent, 0.96 per cent, 3.57 per cent, 1.82 per cent, 0.71 per cent, 1.69 per cent, 0.01 per cent and 1.74 per cent, respectively while the ASeM and sovereign bond indices closed flat.

In the five-day trading week, investors traded 1.812 billion shares worth N29.299 billion in 31,163 deals compared with the 1.689 billion shares valued at N29.407 billion traded in 29,477 deals the previous week.

Financial equities dominated the activity chart with 936.685 million units worth N10.116 billion traded in 12,886 deals, contributing 51.68 per cent and 34.53 per cent to the total trading volume and value apiece.

Perfect-Aesthetic-social-1

Conglomerates stocks followed with 461.589 million units worth N2.333 billion in 3,451 deals, while consumer goods shares occupied the third spot with 127.310 million units valued at N5.003 billion in 5,792 deals.

Odun Ifa 2026
ADVERTISEMENT

Transcorp, Fidelity Bank and Access Holdings were the busiest stocks after selling 693.533 million units worth N5.030 billion in 5,450 deals, accounting for 38.26 per cent and 17.17 per cent of the total trading volume and value.

Business Post reports that 32 shares were on the gainers’ chart in the week versus 29 shares of the preceding week, 46 equities ended on the losers’ table versus 56 equities of the earlier week, while 77 stocks closed flat compared with 70 stocks of the previous trading week.

ABC Transcorp gained 41.67 per cent to finish at 68 Kobo, Transcorp increased by 39.42 per cent to N5.80, Dangote Sugar soared by 35.71 per cent to N47.50, Thomas Wyatt rose by 31.78 per cent to N1.70, and CWG jumped by 31.58 per cent to N5.00.

adron lemon friday

However, Tantalizers dropped 27.50 per cent to quote at 29 Kobo, Red Star Express declined by 17.43 per cent to N2.89, DAAR Communications fell by 15.63 per cent to 27 Kobo, Guinea Insurance crashed by 13.79 per cent to 25 Kobo, and Jaiz Bank lost 13.77 per cent to settle at N1.44.

Quadri Olaitan
Quadri Olaitan

Quadri Olaitan is a journalist and contributor to Freelanews.com, covering news, public affairs, and human-interest stories.

Related Posts

DSC 3894
Sustainability

‘Hygiene first!’ Unilever donates products to fight COVID-19

by Freelanews
March 30, 2020
STANBIC IBTC BANK PS
Business

‘Bridging the gaps’ Stanbic IBTC establishes N2 billion special fund for health sector

by Freelanews
April 12, 2022
Titi Ogufere Appointed as New President of International Federation of Interior Architects Designers
Appointments

Titi Ogufere appointed president International Federation of Interior Architects & Designers

by Freelanews
March 2, 2020
WhatsApp Image 2022 01 20 at 7.20.22 PM scaled
Business

‘Huge impact’ Dangote refinery slashes Africa’s petroleum product imports by 36%

by Rtn. Victor Ojelabi
January 20, 2022
Manufacturers call for increased exports to strengthen African currencies
Business

Manufacturers call for increased exports to strengthen African currencies

by Quadri Olaitan
September 2, 2024

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

Victor Osimhen222

Osimhen misses Sporting match with adductor injury

September 10, 2026
IMG 20260722 WA0177

Shettima hails NELFUND as lifeline for indigent students

September 10, 2026
iphone duo hero 1

Apple unveils foldable iPhone duo and iPhone 18 series

September 10, 2026
images 3 2

Police hunt man over alleged sexual assault of 17-year-old in Ogun

September 10, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
Victor Osimhen222

Osimhen misses Sporting match with adductor injury

September 10, 2026
IMG 20260722 WA0177

Shettima hails NELFUND as lifeline for indigent students

September 10, 2026
iphone duo hero 1

Apple unveils foldable iPhone duo and iPhone 18 series

September 10, 2026
images 3 2

Police hunt man over alleged sexual assault of 17-year-old in Ogun

September 10, 2026
ADVERTISEMENT
September 2026
SMTWTFS
 12345
6789101112
13141516171819
20212223242526
27282930 
« Aug    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • Gbenga Daniel hails Adebutu

    Gbenga Daniel hails Adebutu’s prestigious Owu title

    0 shares
    Share 0 Tweet 0
  • D9112Monthly, Vol. 3 Issue 3

    0 shares
    Share 0 Tweet 0
  • Ballon d’Or winners through the years: 1956–2025 full list

    0 shares
    Share 0 Tweet 0
  • Tinubu endorses national grassroots sports summit

    0 shares
    Share 0 Tweet 0

Just Published!

Victor Osimhen222

Osimhen misses Sporting match with adductor injury

September 10, 2026
IMG 20260722 WA0177

Shettima hails NELFUND as lifeline for indigent students

September 10, 2026
iphone duo hero 1

Apple unveils foldable iPhone duo and iPhone 18 series

September 10, 2026
images 3 2

Police hunt man over alleged sexual assault of 17-year-old in Ogun

September 10, 2026
images 2 2

LAWMA to arrest buyers patronising illegal roadside traders in Lagos

September 10, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.