Market closes the week 0.04% up with N13.2bn transaction value

The All-Share Index and Market Capitalization on the Nigerian Stock Exchange(NSE) appreciated by 0.04 per cent to close the week at 27,002.15 and N13.033 trillion respectively.

All other indices finished lower with the exception of NSE Main Board, NSE-AFR Div Yield, NSE Meri Growth, NSE Consumer Goods, NSE Lotus II and NSE Industrial Goods indices which appreciated by 1.83 per cent, 2.21 per cent, 1.81 per cent, 4.69 per cent, 2.72 per cent and 0.35 per cent respectively, while the NSE ASeM Index closed flat.

A total of 31 equities appreciated in price during the week, lower than 40 in the previous week even as 32 equities depreciated in price, higher than 23 in the previous week, while 102 equities remained unchanged, same as 102 recorded in the preceding week.

The market recorded a turnover of 1.161 billion shares worth N13.174 billion in 18,142 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.416 billion shares valued at N17.249 billion that exchanged hands last week in 20,303 deals.

The Financial Services industry (measured by volume) led the activity chart with 801.229 million shares valued at N6.219 billion traded in 10,415 deals; thus contributing 68.98 per cent and 47.20 per cent to the total equity turnover volume and value respectively.

The Conglomerate industry followed with 139.940 million shares worth N585.927 million in 943 deals. The third place was Consumer Goods industry with a turnover of 84.546 million shares worth N3.445 billion in 2,674 deals.

Trading in the top-three equities namely, Law Union & Rock Insurance Plc, Zenith Bank Plc and United Bank for Africa Plc. (measured by volume) accounted for 369.396 million shares worth N3.086 billion in 3,360 deals, contributing 31.80 per cent and 23.43 per cent to the total equity turnover volume and value respectively.

A total of 11,991 units valued at N102,312.34 were traded in the week in 30 deals, compared with a total of 150 units valued at N15,929.60 transacted last week in 9 deals.

Federal Government Bonds recorded a total of 313,912 units of valued at N320.719 million were traded this week in 23 deals, compared with a total of 42,085 units valued at N47.490 million transacted last week in 30 deals.