Nigerian bourse records 3.10% rise for the week

The Nigerian Stock Exchange All-Share Index and Market Capitalization appreciated by 3.10 per cent to close the week at 33,117.48 and N11.452 trillion respectively even as other Indices finished higher during the week with the exception of the NSE Insurance Index that depreciated by 0.07 per cent to close at 137.86.
A total of 40 equities appreciated in price during the week, higher than 23 of the previous week while 28 depreciated in price, lower than 52 equities of the previous week, while 105 equities remained unchanged higher than 98 equities recorded in the preceding week.
It was a brief trading week as the Federal Government of Nigeria declared Monday 26th and Tuesday 27th, 2017 as public holidays to observe the end of the Holy Month of Ramadan and Id-el-Fitr celebrations.
Meanwhile, a total turnover of 1.171 billion shares worth N11.458 billion in 13,763 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.311 billion shares valued at N24.577 billion that exchanged hands last week in 27,836 deals.
The Financial Services Industry (measured by volume) led the activity chart with 899.307 million shares valued at N6.779 billion traded in 7,977 deals; thus contributing 76.78% and 59.16% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 111.022 million shares worth N189.462 million in 952 deals. The third place was occupied by Consumer Goods Industry with a turnover of 56.912 million shares worth N2.373 billion in 2,055 deals.
Trading in the top-three equities namely – United Bank for Africa Plc, Transnational Corporation of Nigeria Plc and Access Bank Plc (measured by volume) accounted for 499.566 million shares worth N3.717 billion in 2,954 deals, contributing 42.65 per cent and 32.44 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 869,680 units of Exchange Traded Products (ETPs) valued at N19.150 million executed in 16 deals compared with a total of 63,927 units valued at N841,330.04 transacted last week in 11 deals.
A total of 20 units of Federal Government Bonds valued at N16,486.85 were traded this week in 1 deal, compared with a total of 2,212 units valued at N2.098 million transacted last week in 7 deals.