Nigerian bourse rises by 2.49% for the week

The NSE All-Share Index and Market Capitalization of the Nigerian Stock Exchange appreciated by 2.49 per cent and 2.34 per cent to close the week at 36,320.93 and N12.502 trillion respectively. Similarly, all other Indices finished higher during the week with the exception of NSE Insurance index that depreciated by 1.21 per cent while the NSE ASeM Index closed flat
Thirty-eight (38) equities appreciated in price during the week, higher than thirty-two (32) of the previous week. Twenty-six (26) equities depreciated in price, lower than thirty-two (32) equities of the previous week, while one hundred and seven (107) equities remained unchanged same as one hundred and seven (107) equities recorded in the preceding week.
Atotal turnover of 1.493 billion shares worth N15.107 billion in 14,549 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 1.326 billion shares valued at N14.086 billion that exchanged hands last week in 14,703 deals.
It was a four-day trading week as the Federal Government of Nigeria declared Monday, 2nd of October, 2017 as a Public Holiday in commemoration of the 57th Independence Day of the country.
The Financial Services Industry (measured by volume) led the activity chart with 1.288 billion shares valued at N10.121 billion traded in 8,334 deals; thus contributing 86.30 per cent and 66.99 per cent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 89.259 million shares worth N3.154 billion in 2,760 deals. The third place was occupied by Conglomerates Industry with a turnover of 49.361 million shares worth N113.737 million in 491 deals.
Trading in the Top Three Equities namely – FCMB Group Plc, Diamond Bank Plc and FBN Holdings Plc (measured by volume) accounted for 659.042 million shares worth N1.312 billion in 1,933 deals, contributing 44.14% and 8.69% to the total equity turnover volume and value respectively.
Also traded during the week were a total of 2,000 units of Exchange Traded Products (ETPs) valued at N34,000.00 executed in 1 deal compared with a total of 274 units valued at N636,147.90 transacted last week in18 deals.
A total of 2,360 units of Federal Government Bonds valued at N2.029 million were traded this week in 7 deals, compared with a total of 7,424 units valued at N6.689 million transacted last week in 18 deals.