Market closed the week at 1.1% up as investors stake N13.8bn

A turnover of 1.115 billion shares worth N13.817 billion in 16,083 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.124 billion shares valued at N13.839 billion that exchanged hands last week in 15,625 deals.

The NSE All-Share Index and Market Capitalization appreciated by 1.11 per cent and 1.13 per cent to close the week at 27,756.67 and N9.535 trillion respectively.

Similarly, all other Indices finished higher during the week, with the exception of the NSE Industrial Goods, index that declined by 0.24 per cent while the NSE ASeM Index closed flat.

A total of 28 equities appreciated in price during the week, higher than 27 equities of the previous week. A sum of 31 equities depreciated in price, higher than 25 equities of the previous week, while 121 equities remained unchanged lower than 128 equities recorded in the preceding week.

The Financial Services Industry (measured by volume) led the activity chart with 993.823 million shares valued at N7.279 billion traded in 10,135 deals; thus contributing 89.11 and 52.68 to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 48.047 million shares worth N4.365 billion in 2,682 deals. The third place was occupied by the Conglomerates Industry with a turnover of 31.648 million shares worth N109.579 million in 487 deals.

Trading in the top-three equities namely – Guaranty Trust Bank Plc, United Bank for Africa Plc and Diamond Bank Plc (measured by volume) accounted for 394.511 million shares worth N4.397 billion in 3,142 deals, contributing 35.37 per cent and 31.82 per cent to the total equity turnover volume and value respectively.