Bulls on rampage as Nigerian bourse up 3.38%

The NSE All-Share Index and Market Capitalization of the Nigerian Stock Exchange (NSE) appreciated by 3.38 per cent to close the week at 29,064.52 and N10.048 trillion respectively.
Similarly, all other Indices finished higher during the week with the exception the NSE Oil/Gas Index that depreciated by 0.89% while the NSE ASeM Index closed flat.
A total turnover of 1.877 billion shares worth N20.055 billion in 19,979 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.271 billion shares valued at N32.647 billion that exchanged hands last week in 20,710 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.629 billion shares valued at N14.501 billion traded in 11,893 deals; thus contributing 86.80 per cent and 72.30 per cent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 57.531 million shares worth N2.189 billion in 2,616 deals. The third place was occupied by Conglomerates Industry with a turnover of 52.220 million shares worth N101.384 million in 789 deals.
Trading in the Top Three Equities namely – Diamond Bank Plc, Access Bank Plc and Zenith International Bank Plc (measured by volume) accounted for 799.472 million shares worth N6.103 billion in 3,313 deals, contributing 42.60 per cent and 30.43% to the total equity turnover volume and value respectively.
A total of 50 units of Federal Government Bonds valued at N43,719.69 were traded this week in 1 deal, compared with a total of 6,308 units valued at N5.481 million transacted last week in 3 deals. A total turnover of 1.877 billion shares worth N20.055 billion in 19,979 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.271 billion shares valued at N32.647 billion that exchanged hands last week in 20,710 deals.
Also traded during the week were a total of 65 units of Exchange Traded Products (ETPs) valued at N1,967.85 executed in 7 deals compared with a total of 1,470 units valued at N10,128.30 transacted last week in 2 deals.
Forty-four (44) equities appreciated in price during the week, higher than thirty (30) equities of the previous week. Twenty-five (25) equities depreciated in price, lower than thirty-one (31) equities of the previous week, while one hundred and four (104) equities remained unchanged lower than one hundred and twelve (112) equities recorded in the preceding week.