Nigerian bourse up 3.46% for the week

The All-Share Index of the Nigerian Stock Exchange and Market Capitalization appreciated by 3.46 percent last week to close the week at 39,257.53 and N13.672 trillion respectively.

Similarly, all other indices finished higher during the week with the exception of the NSE ASeM, NSE Oil/Gas and the NSE Industrial Goods Indices that depreciated by 1.04 per cent, 0.47 per cent, and 1.37 per cent respectively.

Forty-seven (47) equities appreciated in price during the week, higher than thirty-nine (39) of the previous week. Twenty (20) equities depreciated in price, lower than twenty-three (23) equities of the previous week, while one hundred and five (105) equities remained unchanged lower than one hundred and nine (109) equities recorded in the preceding week.

A total turnover of 3.316 billion shares worth N36.451 billion in 29,771 deals were traded in the week by investors on the floor of the Exchange in contrast to a total of 14.257 billion shares valued at N35.056 billion that exchanged hands last week in 17,379 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.785 billion shares valued at N26.075 billion traded in 18,293 deals; thus contributing 83.97  per cent and 71.54 per cent  to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 247.639 million shares worth N1.330 billion in 1,333 deals.

The third place was occupied by Consumer Goods Industry with a turnover of 185.560 million shares worth N5.976 billion in 6,137 deals.

Trading in the Top Three Equities namely – FBN Holdings Plc, Fidelity Bank Plc and Zenith International Bank Plc (measured by volume) accounted for 958.742 million shares worth N11.35 billion in 6,765 deals, contributing 28.91% and 31.15% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 1.189 million units of Exchange Traded Products (ETPs) valued at N11.662 million executed in 30 deals, compared with a total of 1,090 units valued at N14,708.50 that was transacted last week in 10 deals.

A total of 5,240 units of Federal Government Bonds valued at N4.406 million were traded this week in 23 deals, compared with a total of 21,670 units valued at N23.125 million transacted last week in 17 deals.