Nigerian bourse ends the week 1.75% up

The NSE All-Share Index and Market Capitalization of the Nigerian Stock Exchange appreciated by 1.85 per cent and 1.75 per cent to close the week at 26,235.63 and N9.069 trillion respectively.
Similarly, all other Indices finished higher during the week with the exception the NSE Insurance and NSE Industrial Goods Indices that depreciated by 0.09 per cent and 1.04 per cent respectively while the NSE ASeM Index closed flat.
A turnover of 1.154 billion shares worth N10.439 billion in 16,676 deals were traded in the week ended May 5th, 2017 by investors on the floor of the Exchange in contrast to a total of 1.333 billion shares valued at N9.671 billion that exchanged hands last week in 16,300 deals.
It was a four-day trading week as the Federal Government of Nigeria declared Monday 1st May, 2017 as Public Holiday to mark the 2017 Workers’ Day Celebration.
The Financial Services Industry (measured by volume) led the activity chart with 813.016 million shares valued at N6.904 billion traded in 10,298 deals; thus contributing 70.45 per cent and 66.13 per cent to the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 106.566 million shares worth N1.063 billion in 1,356 deals. The third place was occupied by Services Industry with a turnover of 90.940 million shares worth N188.204 million in 660 deals.
Trading in the Top Three Equities namely – Zenith International Bank Plc, FBN Holdings Plc and Oando Plc (measured by volume) accounted for 385.893 million shares worth N3.816 billion in 4,005 deals, contributing 33.44 per cent and 36.55 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 N110,000.00 executed in 1 deal compared with a total of 533 units valued at N32,204.30 transacted last week in 15 deals.
A total of 1,582 units of Federal Government Bonds valued at N1.608 million were traded this week in 10 deals, compared with a total of 4,705 units valued at N3.934 million transacted last week in 4 deals.
Forty-three (43) equities appreciated in price during the week, higher than thirty-eight (38) equities of the previous week. Sixteen (16) equities depreciated in price, lower than twenty-five (25) equities of the previous week, while one hundred and fourteen (114) equities remained unchanged same as one hundred and fourteen (114) equities recorded in the preceding week.