Nigerian bourse adds 0.22% for the week

The All-Share Index and Market Capitalization of the Nigerian Stock Exchange (NSE) appreciated by 0.22 to close the week at 38,522.14 and N13.709 trillion respectively.

Similarly, all other indices finished higher during the week with the exception of the NSE ASeM, NSE Consumer Goods and NSE Lotus II Indices that depreciated by 1.82 per cent, 1.37 per cent, and 0.51 per cent respectively.

Thirty-five (35) equities appreciated in price during the week, higher than sixteen (16) of the previous week. Twenty-five (25) equities depreciated in price, lower than forty-six (46) equities of the previous week, while one hundred and twelve (112) equities remained unchanged higher than one hundred and ten (110) equities recorded in the preceding week.

A turnover of 2.243 billion shares worth N139.789 billion in 18,466 deals were traded last week by investors on the floor of the Exchange (NSE) in contrast to a total of 1.852 billion shares valued at N51.523 billion that exchanged hands last week in 23,863 deals.

The Financial Services Industry (measured by volume) led the activity chart with 984.584 million shares valued at N10.588 billion traded in 11,116 deals; thus contributing 43.89 per cent and 7.57 per cent to the total equity turnover volume and value respectively.

The Industrial Goods Industry followed with 564.804 million shares worth N125.378 billion in 927 deals.

The third place was occupied by Conglomerates Industry with a turnover of 804.447 million shares worth N561.921 million in 689 deals.

Trading in the top-three equities namely – Transnational Corporation of Nigeria Plc, Dangote Cement Plc and Aiico Insurance Plc (measured by volume) accounted for 1.335 billion shares worth N125.907 billion in 888 deals, contributing 59.52 per cent and 90.07 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 3,070 units of Exchange Traded Products (ETPs) valued at N455,245.00 executed in 8 deals, compared with a total of 1,120 units valued at N14,179.00 that was transacted last week in 4 deals.

A total of 3,780 units of Federal Government Bonds valued at N3.931 million were traded this week in 17 deals, compared with a total of 5,382 units valued at N5.680 million transacted last week in 17 deals.