Nigerian bourse up 0.67% last week

The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization appreciated by 0.67 per cent to close last week at 38,928.02 and N14.102 trillion respectively.

Similarly, all other indices finished higher with the exception of the NSE CG, NSE Consumer Goods and NSE Industrial Goods Indices that depreciated by 0.08 per cent, 0.85 per cent and 0.12 per cent respectively, while the NSE ASeM Index closed flat.

Forty (40) equities appreciated in price during the week, lower than forty-Nine (49) in the previous week. Twenty-eight (28) equities depreciated in price, lower than twenty-nine (29) equities of the previous week, while one hundred and one (101) equities remained unchanged higher than ninety one (91) equities recorded in the preceding week.

It was a four-day trading session week as the Federal Government of Nigeria declared Friday June 15th and Monday June 18th 2018 public holidays to mark the end of the Holy Month of Ramadan and commemorate the Eid-al-Fitr celebrations.

Meanwhile, a total turnover of 1.738 billion shares worth N18.462 billion in 14,790 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.749 billion shares valued at N31.183 billion that exchanged hands last week in 24,604 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.170 billion shares valued at N9.695 billion traded in 7,809 deals; thus contributing 67.35% and 52.51% to the total equity turnover volume and value respectively.

The Services Industry followed with 293.492 million shares worth N733.407 million in 531 deals. The third place was occupied by Consumer Goods with a turnover of 154.093 million shares worth N4.997 billion in 3,002 deals.

Trading in the top-three equities namely – United Capital Plc, Ikeja Hotel Plc and United Bank For Africa Plc (measured by volume) accounted for 811.747 million shares worth N3.887 billion in 986 deals, contributing 46.71% and 21.05% to the total equity turnover volume and value respectively

Also traded during the week were a total of 62,392 units of Exchange Traded Products (ETPs) valued at N1.004 million executed in 13 deals, compared with a total of 202,916 units valued at N1.168 million that was transacted last week in 19 deals.

A total of 9,850 units of Federal Government valued at N9.999 million were traded this week in 10 deals, compared with a total of 10,561 units valued at N10.381 million transacted last week in 20 deals.