Nigerian bourse ends the week 6.07% up

The Nigerian Stock Exchange All-Share Index and Market Capitalization appreciated by 6.07 per cent to close the week at 33,276.68 and N11.504 trillion respectively.
Similarly, all other Indices finished higher during the week with the exception the NSE ASeM Index that depreciated by 1.74 per cent while the NSE Insurance Index closed flat.
A total of 59 equities appreciated in price during the week, lower than 61 of the previous week while 21 equities depreciated in price, higher than 12 of the previous week even as 93 equities remained unchanged lower than 100 equities recorded in the preceding week.
A turnover of 3.100 billion shares worth N29.180 billion in 33,677deals were traded this week by investors on the floor on the Exchange in contrast to a total of 2.319 billion shares valued at N23.813 billion that exchanged hands last week in 22,310 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.577 billion shares valued at N16.524 billion traded in 19,831 deals; thus contributing 83.15 per cent and 56.63 per cent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 173.544 million shares worth N985.456 million in 1,620 deals. The third place was occupied by Consumer Goods Industry with a turnover of 161.347 million shares worth N3.540 billion in 5,275 deals.
Trading in the top -three equities namely – FBN Holding Plc, Diamond Bank Plc, and ACCESS Bank Plc (measured by volume) accounted for 1.084 billion shares worth N6.522 billion in 7,095 deals, contributing 34.98 per cent and 22.35 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 40.317 million units of Exchange Traded Products (ETPs) valued at N178.841 million executed in 12 deals compared with a total of 52 units valued at N13,802.70 transacted last week in 6 deals.
A total of 10,860 units of Federal Government Bonds valued at N10.196 million were traded this week in 10 deals, compared with a total of 3,786 units valued at N3.806 million transacted last week in 4 deals.