Zichis Accounts for twenty-four% of NGX Trading Volume as 127.48 Million Shares Change Hands

Zichis emerged as probably the most actively traded inventory on the Nigerian Exchange (NGX) on Tuesday after traders exchanged 127.48 million shares, accounting for about 24.3% of the overall market quantity.

The 127.48 million shares have been valued at N2.17 billion, making Zichis the dominant inventory by quantity through the November 3 buying and selling session.

Investors traded a complete of 525.44 million shares price N22.61 billion throughout 39,078 offers through the session.

This means nearly one in each 4 shares traded on the NGX through the day was Zichis.

Access Holdings ranked second on the exercise desk with 42.59 million shares valued at N1.13 billion, considerably beneath the quantity recorded by Zichis.

Chams adopted with 25.42 million shares price N80.19 million, whereas VFD Group recorded 23.24 million shares valued at N289.94 million.

International Energy Insurance accomplished the 5 most actively traded equities with 19.46 million shares price N33.64 million.

Combined, the 5 shares accounted for about 238.19 million shares, representing roughly 45.3% of the whole 525.44 million shares traded through the session.

Despite the excessive share quantity recorded throughout the market, whole buying and selling worth declined sharply to N22.61 billion from N47.48 billion within the earlier session.

Market quantity, nevertheless, elevated by 1.6% from 517.26 million shares, highlighting the focus of Tuesday’s exercise in comparatively lower-value transactions.

The broader equities market closed marginally greater, with the NGX All-Share Index advancing by 0.02% to 254,289.35 from 254,245.21.

Equities market capitalisation additionally elevated to N165.108 trillion.

Zichis’ 127.48 million shares represented by far the most important particular person contribution to Tuesday’s market quantity, though the buying and selling knowledge offered didn’t set up the rationale for the unusually excessive exercise.