Market up 1.64% for the week

The NSE All-Share Index and Market Capitalization of the Nigerian Stock Exchange (NSE) appreciated by 1.64 per cent to close the week at 25,653.16 and N8.878 trillion respectively.
Similarly, all other Indices finished higher during the week with the exception of the NSE Consumer Goods Index that depreciated by 0.02 per cent while the ASEM Index closed flat.
A total of 31 equities appreciated in price during the week, higher than 24 of the previous week while 22 depreciated in price, lower than 31 equities of the previous week.
A total of 124 equities remained unchanged higher than 122 equities recorded in the preceding week.
A total turnover of 1.029 billion shares worth N7.980 billion in 13,441 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.024 billion shares valued at N12.464 billion that exchanged hands last week in 16,400 deals.
The Financial Services Industry (measured by volume) led the activity chart with 853.414 million shares valued at N4.269 billion traded in 7,904 deals; thus contributing 82.91 percent and 53.50 per cent to the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 80.250 million shares worth N1.151 billion in 1,443 deals. The third place was occupied by Conglomerates Industry with a turnover of 45.770 million shares worth N83.469 million in 596 deals.
Trading in the top-three equities namely – Diamond Bank Plc, FBN Holdings Plc and Fidelity Bank Plc (measured by volume) accounted for 397.225 million shares worth N546.501 million in 1,680 deals, contributing 38.59 per cent and 6.85 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 20 units of Exchange Traded Products (ETPs) valued at N90.90 executed in 2 deals compared with a total of 1,020 units valued at N51,316.00 transacted last week in 4 deals.
A total of 8,390 units of Federal Government Bonds valued at N8.203 million were traded this week in 4 deals, compared with a total of 6,686 units valued at N5.583 million transacted last week in seven deals.