Nigerian bourse up 9.07% for the week

The NSE All-Share Index and Market Capitalization of the Nigerian Stock Exchange (NSE) appreciated by 9.07 per cent and 16.55 per cent to close the week at 29,415.39 and N15.175 trillion respectively.

All other indices finished higher with the exception of NSE Oil/Gas index, which depreciated by 0.04% and NSE ASeM Index which closed flat.

Fifty-one (51) equities appreciated in price during the week, higher than forty-four (44) equities in the previous week. Twenty (20) equities depreciated in price, lower than twenty-four (24) equities in the previous week, while Ninety- two (92) equities remained unchanged, lower than Ninety- seven (97) equities recorded in the preceding week.

A turnover of 2.683 billion shares worth N32.646 billion in 30,956 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 2.309 billion shares valued at N21.675 billion that exchanged hands last week in 14,906 deals.

The Financial Services industry (measured by volume) led the activity chart with 2.035 billion shares valued at N18.592 billion traded in 18,876 deals; thus contributing 75.87 per cent and 56.95 per cent to the total equity turnover volume and value respectively.

The Conglomerates industry followed with 225.720 million shares worth N504.123 million in 1,217 deals. The third place was Consumer Goods industry, with a turnover of 123.382 million shares worth N3.116 billion in 3,403 deals.

Trading in the top-three equities namely, United Bank for Africa Plc, Zenith Bank Plc and Wapic Insurance Plc. (measured by volume) accounted for 934.661 million shares worth N10.925 billion in 7,194 deals, contributing 34.84 per cent and 33.46 per cent to the total equity turnover volume and value respectively.

A total of 15,390 units valued at N13.095 million were traded this week in 32 deals, compared with a total of 4,033 units valued at N4.233 million transacted last week in 26 deals.

A total of 64,840 units of Federal Government Bonds valued at N71.362 million were traded this week in 30 deals, compared with a total of 204,300 units valued at N237.207 million transacted last week in 4 deals.