Nigerian bourse ends the week bullish as Index rises by 0.72%

The All-Share Index and Market Capitalization of the Nigerian Stock Exchange (NSE) appreciated by 0.72 per cent and 0.82 per cent to close the week at 42,876.23 and N15.403 trillion respectively.

Similarly, all other indices finished higher during the week with the exception of the NSE ASeM, NSE Banking and NSE Pension Indices that depreciated by 1.14 per cent, 0.59 per cent and 0.09 per cent respectively.

Thirty-eight (38) equities appreciated in price during the week, higher than twenty-three (23) of the previous week. Forty-five (45) equities depreciated in price, lower than fifty-four (54) equities of the previous week, while eighty-nine (89) equities remained unchanged lower than ninety-five (95) equities recorded in the preceding week.

A total turnover of 2.170 billion shares worth N39.087 billion in 24,657 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.018 billion shares valued at N21.740 billion that exchanged hands last week in 25,496 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.534 billion shares valued at N17.670 billion traded in 15,208 deals; thus contributing 70.69 per cent and 45.21 per centto the total equity turnover volume and value respectively.

The Industrial Goods Industry followed with 200.405 million shares worth N6.436 billion in 1,097 deals. The third place was occupied by Conglomerates Industry with a turnover of 188.097 million shares worth N489.453 million in 998 deals.

Trading in the top-three equities namely – FCMB Group Plc, Transnational Corporation of Nigeria Plc and Cement Company of Northern Nigeria Plc (measured by volume) accounted for 617.511 million shares worth N4.086 billion in 2,090 deals, contributing 28.46 per cent and 10.45 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 50,547 units of Exchange Traded Products (ETPs) valued at N4.593 million executed in 12 deals, compared with a total of 111,794 units valued at N1.806 million that was transacted last week in 10 deals.

A total of 6,574 units of Federal Government Bonds valued at N6.332 million were traded this week in 31 deals, compared with a total of 9,963 units valued at N10.057 million transacted last week in 21 deals.