Nigerian bourse adds 1.33% for the week

The Nigerian Stock Exchange All-Share Index and Market Capitalization appreciated by 1.31 per cent to close the week at 36,939.59 and N12.785 trillion respectively.

In addition, all other Indices finished higher during the week with the exception of the NSE-Main Board and NSE Consumer Goods Indices that depreciated by 0.11 per cent and 0.07 per cent respectively.

Thirty-seven (37) equities appreciated in price during the week, higher than thirty-three (33) of the previous week. Twenty-nine (29) equities depreciated in price, lower than thirty-two (32) equities of the previous week, while one hundred and five (105) equities remained unchanged lower than one hundred and six (106) equities recorded in the preceding week.

A total turnover of 1.363 billion shares worth N17.714 billion in 21,891 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.394 billion shares valued at N16.403 billion that exchanged hands last week in 19,195 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.046 billion shares valued at N9.032 billion traded in 12,847 deals; thus contributing 76.79 per cent and 50.99 per cent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 119.907 million shares worth N5.109 billion in 4,827 deals. The third place was occupied by Healthcare Industry with a turnover of 70.587 million shares worth N77.530 million in 349 deals.

Trading in the Top Three Equities namely – FBN Holdings Plc, Diamond Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 497.016 million shares worth N2.947 billion in 4,205 deals, contributing 36.48% and 16.64 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 1,156,439 units of Exchange Traded Products (ETPs) valued at N6.404 million executed in 13 deals compared with a total of 104,544 units valued at N11.506 million transacted last week in 7 deals.

A total of 2,775 units of Federal Government Bonds valued at N2.770 million were traded this week in 4 deals, compared with a total of 559 units valued at N485,802.83 transacted last week in 5 deals.