Index of Nigerian bourse rises by 8.36% as positive rally continues this week

The Nigerian Stock Exchange maintained its rapid upward movement has been on for the past three this week as the market All-Share Index and Market Capitalization appreciated by 8.36 per cent to close the week at 36,864.71and N12.705 trillion respectively.
Similarly, all other Indices finished higher during the week with the exception of the NSE ASeM Index that depreciated by 1.09 per cent.
Fifty-one (51) equities appreciated in price during the week, higher than thirty-six (36) equities of the previous week. Twenty-three (23) equities depreciated in price, lower than thirty-three (33) equities of the previous week, while ninety-seven (97) equities remained unchanged lower than one hundred and two (102) equities recorded in the preceding week.
A turnover of 2.211 billion shares worth N30.636 billion in 26,287 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 3.628 billion shares valued at N34.886 billion that exchanged hands last week in 19,834 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.735 billion shares valued at N19.044 billion traded in 14,626 deals; thus contributing 78.45 per cent and 62.16 per cent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 165.396 million shares worth N454.240 million in 1,400 deals. The third place was occupied by Consumer Goods Industry with a turnover of 135.802 million shares worth N6.681 billion in 4,143 deals.
Trading in the top-three equities namely – United Bank for Africa Plc, FBN Holdings Plc and Access Bank Plc. (measured by volume) accounted for 798.334 million shares worth N7.165 billion in 5,855 deals, contributing 36.11 per cent and 23.39 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 1.732 million units of Exchange Traded Products (ETPs) valued at N13.711 million executed in 19 deals compared with a total of 40 units valued at N493.60 transacted last week in 4 deals.
A total of 750 units of Federal Government Bonds valued at N695,229.29 were traded this week in 8 deals, compared with a total of 13,465 units valued at N14.486 million transacted last week in 10 deals.