Stock market rises by 0.31% as investors stake N9.3bn

The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization appreciated by 0.31% to close the week at 28,335.40 and N9.733 trillion respectively.

Similarly, all other Indices finished higher during the week, with the exception of the NSE Banking, NSE Lotus, NSE Industrial Goods and the NSE Pension Indices that depreciated by 2.26%, 0.23%, 0.84% and 0.59% respectively while the NSE ASeM Index closed flat.

A turnover of 1.287 billion shares worth N9.303 billion in 15,258 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 4.331 billion shares valued at N16.803 billion that exchanged hands the upper week in 16,797 deals.

The Financial Services Industry (measured by volume) led the activity chart with 970.503 million shares valued at N4.540 billion traded in 8,298 deals; thus contributing 75.41% and 48.80% to the total equity turnover volume and value respectively.

The Agriculture Industry followed with 109.788 million shares worth N155.716 million in 269 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 82.938 million shares worth N2.774 billion in 2,884 deals.

Trading in the top-three equities namely – Continental Reinsurance Plc, FCMB Group Plc and Livestock Feeds Plc (measured by volume) accounted for 463.640 million shares worth N516.306 million in 770 deals, contributing 36.03% and 5.55% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 4.761 million units of Exchange Traded Products (ETPs) valued at N25.821 million executed in 45 deals, compared with a total of 615 units valued at N6,070.20 transacted last week in 21 deals.

A total of 2,023 units of Federal Government Bonds valued at N1.925 million were also traded in four deals compared to a total of 3,994 units of Federal Government Bonds valued at N3.263 million transacted last week in five deals.

Thirty-five (35) equities appreciated in price during the week, higher than thirty-three (33) equities of the previous week. Thirty-two (32) equities depreciated in price, higher than twenty-five (25) equities of the previous week, while one hundred and thirteen (113) equities remained unchanged lower than one hundred and twenty-two (122) equities recorded in the preceding week.