Nigerian bourse records 1.45% appreciation for the week

The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization appreciated by 1.45 per cent to close the week at 36,848.17 and N12.684 trillion respectively. Similarly, all other Indices finished higher during the week with the exception of the NSE ASeM Index which closed flat
In all, forty-one (41) equities appreciated in price during the week, higher than thirty-eight (38) of the previous week. Twenty-three (23) equities depreciated in price, lower than twenty-six (26) 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.
A total turnover of 1.555 billion shares worth N13.504 billion in 18,409 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.493 billion shares valued at N15.107 billion that exchanged hands the previous week in 14,549 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.365 billion shares valued at N6.507 billion traded in 10,880 deals; thus contributing 87.76 per cent and 48.19 per cent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 70.496 million shares worth N5.637 billion in 3,398 deals. The third place was occupied by Conglomerates Industry with a turnover of 58.779 million shares worth N141.929 million in 706 deals.
Trading in the top-three equities namely – Diamond Bank Plc, Zenith International Bank Plc and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 985.762 million shares worth N2.841 billion in 3,401 deals, contributing 63.39 per cent and 21.04 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 60 units of Exchange Traded Products (ETPs) valued at N2,265.60 executed in 6 deals compared with a total of 2,000 units valued at N34,000.00 transacted last week in1 deal.