N446 billion was gained by stock investors.

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Due to ongoing buying interest in the local bourse ahead of the 2022 fourth quarter financial year earnings result, stock investors on the Nigerian Exchange ended the week with a profit of N446bn.

According to data from the NGX, investors traded 1.286 billion shares worth N29.634 billion in 19,816 deals during the week under review, as opposed to 921.856 million shares worth N27.154 billion that changed hands during the previous week in 15,601 deals.

The third place was the conglomerate industry, with a turnover of 54.568 million shares worth N96.654m in 754 deals. Trading in the top three stocks, FBN Holdings Plc, Sterling Bank Plc, and Guaranty Trust Holding Company Plc (measured by the number of shares outstanding),  accounted for 507.852 million shares worth N5.707bn in 2,585 deals, contributing 39.50 per cent and 19.26 per cent to the total equity turnover volume and value respectively.

Data by the local bourse showed that 51 stocks appreciated in price during the week, higher than 38 stocks in the previous week.


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