From the value depreciation of 1.45 per cent upper week, the fortune of investors on the Nigerian Stock Exchange (NSE) changed for the better this week as they gained N692 billion. The All-Share Index of the Exchange rose by 7.40 per cent from 27,232.62 and closed at 29,247.27 while the Market Capitalization rose from N9.353 trillion to N10.045 trillion.
Similarly, all other Indices finished higher during the week, with the exception of the NSE ASeM Index, that declined by 0.17 per cent.
Also, a total of 44 equities appreciated in price during the week, higher than 27 of the previous week while 24 depreciated in price, lower than 41 of the previous week, while 112 equities remained unchanged equal to that of the previous week.
A turnover of 2.158 billion shares worth N20.394 billion in 24,369 deals were traded in the week on the Exchange in contrast to a total of 959.917 million shares valued at N7.871 billion that exchanged hands last week in 17,561 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.939 billion shares valued at N12.393 billion traded in 16,023 deals; thus contributing 89.85 per cent and 60.77 per cent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 77.415 million shares worth N4.747 billion in 3,489 deals. The third place was occupied by the Conglomerates Industry with a turnover of 74.437 million shares worth N412.717 million in 1,018 deals.
Trading in the top-hree equities namely, United Bank For Africa Plc, FBN Holdings Plc and Zenith International Bank Plc. (measured by volume) accounted for 1.001 billion shares worth N6.778 billion in 7,153 deals, contributing 46.37 per cent and 33.23 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 519,199 units of Exchange Traded Products (ETPs) valued at N6.582 million executed in 42 deals, compared with a total of 78,666 units valued at N866,656.30 transacted last week in 25 deals.
A total of 4,170 units of Federal Government Bonds valued at N4.413 million were traded in three deals compared to a total of 4,725 units of Federal Government Bonds valued at N5.266 million transacted last week in three deals.
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