Nigerian equities market gains 1.80% for the week

The Nigerian Stock Exchange All-Share Index and Market Capitalization appreciated by 1.80 per cent and 1.84 per cent to close the week at 37,365.91 and N13.009 trillion respectively.

Similarly, all other indices finished higher during the week with the exception of the NSE Oil/Gas Index which depreciated by 1.45 per cent while the NSE ASeM Index closed flat.

Thirty-six (36) equities appreciated in price during the week, higher than twenty (20) of the previous week. Twenty-four (24) equities depreciated in price, lower than forty-three (43) equities of the previous week, while one hundred and eleven (111) equities remained unchanged higher than one hundred and eight (108) equities recorded in the preceding week.

A total turnover of 2.182 billion shares worth N22.795 billion in 17,019 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.804 billion shares valued at N54.776 billion that exchanged hands last week in 17,792 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.755 billion shares valued at N11.571 billion traded in 8,730 deals; thus contributing 80.44% and 50.76 per cent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 178.154 million shares worth N8.655 billion in 4,457 deals. The third place was occupied by Services Industry with a turnover of 143.821 million shares worth N92,479 million in 470 deals.

Trading in the top-three equities namely – Wapic Insurance Plc, Zenith International Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 973.088 million shares worth N5.854 billion in 2,493 deals, contributing 44.59 per and 25.68 cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 127 units of Exchange Traded Products (ETPs) valued at N13,837.30 executed in 5 deals meanwhile there were no trades recorded last week.

A total of 9,024 units of Federal Government Bonds valued at N9.485 million were traded this week in 15 deals, compared with a total of 5,950 units valued at N6.247 million transacted last week in 2 deals.