Nigerian bourse rises by 0.90%

The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization appreciated by 0.90 per cent to close the week at 25,238.01 and N8.734 trillion respectively.
Similarly, all other Indices finished higher during the week with the exception of the NSE Oil/Gas and NSE Industrial Goods Indices that depreciated by 2.36 per cent and 2.94 per cent respectively while the ASEM Index closed flat.
A total of 24 equities appreciated in price during the week, same as 24 equities of the previous week even as 31 equities depreciated in price, higher than 24 equities of the previous week, while 122 equities remained unchanged lower than 129 equities recorded in the preceding week.
A turnover of 1.024 billion shares worth N12.464 billion in 16,400 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.387 billion shares valued at N13.726 billion that exchanged hands last week in 15,422 deals.
The Financial Services Industry (measured by volume) led the activity chart with 850.758 million shares valued at N7.083 billion traded in 10,358 deals; thus contributing 83.12 per cent and 56.83 per cent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 78.421 million shares worth N3.900 billion in 2,545 deals. The third place was occupied by Conglomerates Industry with a turnover of 46.196 million shares worth N70.668 million in 536 deals.
Trading in the top-three equities namely – Zenith International Bank Plc, Access Bank Plc and FBN Holdings Plc (measured by volume) accounted for 412.251 million shares worth N4.234 billion in 4,633 deals, contributing 40.27 per cent and 33.97 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 1,020 units of Exchange Traded Products (ETPs) valued at N51,316.00 executed in 4 deals. However, there were no trades recorded in Exchange Traded Products last week.
A total of 6,686 units of Federal Government Bonds valued at N5.583 million were traded this week in 7 deals, compared with a total of 375 units valued at N447,055.02 transacted last week in 5 deals.