Nigerian bourse closes the week strong, 1.19% up

The  All-Share Index and Market Capitalization on the Nigerian Stock Exchange (NSE) appreciated by 1.19 per cent last week to close the week at 32,841.69 and N11.990 trillion respectively.

Similarly, all other indices finished higher with the exception of the NSE-Main Board Index, NSE Consumer Goods index, NSE Oil/Gas Index, NSE Industrial Goods Index and NSE Pension Index that closed lower by 0.57 per cent, 0.63 per cent, 0.87 per cent, 0.55 per cent and 0.59 per cent respectively.

Twenty (20) equities appreciated in price during the week, lower than Twenty-nine (29) in the previous week. Forty (42) equities depreciated in price, higher than Forty (40) of the previous week, while one hundred (107) equities remained unchanged higher than one hundred (100) equities recorded in the preceding week.

A total turnover of 1.380 billion shares worth N15.149 billion in 13,478 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 915.856 million shares valued at N9.835 billion that exchanged hands last week in 14,033 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.237 billion shares valued at N9.725 billion traded in 7,404 deals; thus contributing 89.62 per cent and 64.19 per cent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 62.505 million shares worth N1.689 billion in 2,560 deals.The third place was Oil and Gas Industry with a turnover of 26.341 million shares worth 2.447 billion in 1,213 deals.

Trading in the Top Three Equities namely – Sun Assurances Nigeria Plc, Zenith Bank Plc and Guaranty Trust Bank Plc, (measured by volume) accounted for 772.902 million shares worth N7.841 billion in 2,050 deals, contributing 55.99 per cent and 51.76 per cent to the total equity turnover volume and value respectively.

There was no trade recorded for Exchange Traded Products (ETPs) during the week under review. However, a total of 3,523 units valued at N52,561.80 were transacted last week in 3 deals.

A total of 40,720 units of Federal Government Bonds valued at N42.580 million were traded this week in 26 deals compared with a total of 8,619 units valued at N8.300 million transacted last week in 16 deals.