Index of Nigerian bourse adds 0.49% for the week

The All-Share Index and Market Capitalization of the Nigerian Stock Exchange appreciated by 0.49 per cent to close the week at 37,120.28 and N12.847 trillion respectively.

Similarly, all other Indices finished higher during the week with the exception of the NSE Insurance and NSE Consumer Goods Indices that depreciated by 1.09 per cent and 0.07 per cent respectively.

Thirty (30) equities appreciated in price during the week, lower than thirty-seven (37) of the previous week. Twenty-nine (29) equities depreciated in price, same as twenty-nine (29) equities of the previous week, while one hundred and twelve (112) equities remained unchanged higher than one hundred and five (105) equities recorded in the preceding week.

A turnover of 1.316 billion shares worth N13.784 billion in 19,169 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.363 billion shares valued at N17.714 billion that exchanged hands last week in 21,891 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.035 billion shares valued at N6.727 billion traded in 10,471 deals; thus contributing 78.63 per cent and 48.80 per cent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 130.516 million shares worth N4.959 billion in 4,490 deals. The third place was occupied by Conglomerates Industry with a turnover of 58.924 million shares worth N179.816 million in 890 deals.

Trading in the top-three equities namely – JAIZ Bank Plc, Diamond Bank Plc and FBN Holdings Plc (measured by volume) accounted for 551.561 million shares worth N1.438 billion in 3,003 deals, contributing 41.91 per cent and 10.43 per cent to the total equity turnover volume and value respectively.

A total of 2,806 units of Federal Government Bonds valued at N2.623 million were traded this week in 16 deals, compared with a total of 2,775 units valued at N2.770 million transacted last week in 4 deals.

Also traded during the week were a total of 1,210 units of Exchange Traded Products (ETPs) valued at N13,467.70 executed in two deals compared with a total of 1,156,439 units valued at N6.404 million transacted last week in 13 deals.