Nigerian bourse records 2.47% growth for the week

The Nigerian Stock Exchange All-Share Index and Market Capitalization appreciated by 2.47 per cent to close the week at 33,261.66 and N11.464 trillion respectively.
Similarly, all other Indices finished higher during the week with the exception of the NSE ASeM index that closed flat.
Forty–eight (48) equities appreciated in price during the week, higher than sixteen (16) equities of the previous week. Twenty-seven (27) equities depreciated in price, lower than fifty-one (51) equities of the previous week, while ninety- seven (97) equities remained unchanged lower than one hundred and five (105) equities recorded in the preceding week.
A total turnover of 1.272 billion shares worth N13.993 billion in 19,385 deals were traded this week by investors on the floor of the Nigerian Stock Exchange in contrast to a total of 1.061 billion shares valued at N12.295 billion that exchanged hands last week in 18,847 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.086 billion shares valued at N9.743 billion traded in 11,229 deals; thus contributing 85.33 per cent and 69.63 per cent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 44.786 million shares worth N1.536 billion in 2,853 deals. The third place was occupied by Conglomerates Industry with a turnover of 38.104 million shares worth N75.759 million in 727 deals.
Trading in the top-three equities namely – United Bank for Africa Plc, FBN Holdings Plc and Zenith International Bank Plc (measured by volume) accounted for 505.388 million shares worth N5.454 billion in 4,009 deals, contributing 39.73 per cent and 38.98 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 25,540 units of Exchange Traded Products (ETPs) valued at N2.646 million executed in 10 deals compared with a total of 5 units valued at N484.85 transacted last week in 1 deal.
A total of 2,977 units of Federal Government Bonds valued at N2.946 million were traded this week in 11 deals, compared with a total of 358 units valued at N344,610.97 transacted last week in 7 deal.