Nigerian bourse up 0.03% for the week

The NSE All-Share Index and Market Capitalization both appreciated by 0.03 per cent  on The Nigerian Stock Exchange (NSE) to close the week at 29,628.84 and N15.262 trillion respectively.

All other indices finished lower with the exception of NSE Premium, NSE Pension, NSE Insurance, NSE Oil/Gas, NSE Lotus ll and NSE Industrial Goods index which appreciated by 0.61%, 0.65%, 3.05%, 2.54%, 0.02%,and 5.10% respectively while NSE ASeM Index closed flat.

A total of 32 equities appreciated in price during the week, higher than 21 in the previous week even as 28 equities depreciated in price, lower than forty-two (42) equities in the previous week, while 103 equities remained unchanged, higher than one hundred (100) equities recorded in the preceding week.

A turnover of 1.237 billion shares worth N22.762 billion in 21,156 deals were traded in the week by investors on the floor of the Exchange, in contrast to a total of 2.087 billion shares valued at N26.470 billion that exchanged hands last week in 24,262 deals.

The Financial Services industry (measured by volume) led the activity chart with 837.345 million shares valued at N10.511 billion traded in 12,041 deals; thus contributing 67.69% and 46.17% to the total equity turnover volume and value respectively. The Industrial Goods followed with 154.540 million shares worth N2.998 billion in 2,862 deals. The third place was ICT industry, with a turnover of 52.709 million shares worth N1.262 billion in 709 deals.

Trading in the Top Three Equities namely, Access Bank Plc, Zenith Bank Plc and Guaranty Trust Bank Plc. (measured by volume) accounted for 421.765 million shares worth N8.769 billion in 5,886 deals, contributing 34.10% and 38.52% to the total equity turnover volume and value respectively.

A total of 141 units valued at N520,511.70 were traded this week in 6 deals, compared with a total of 8,871 units valued at N36.909 million transacted last week in 20 deals.

A total of 59,632 units of Federal Government Bonds valued at N71.501 million were traded this week in 24 deals, compared with a total of 53,219 units valued at N58.147 million transacted last week in 16 deals.