Nigerian bourse up 5.59% for the week

The NSE All-Share Index and Market Capitalization of The Nigerian Stock Exchange both appreciated by 5.59 to close the week at 25,204.75 and N13.136 trillion respectively.

All other indices finished higher with the exception of NSE ASeM which closed flat.

A total of 55 appreciated in price during the week, higher than 32 equities in the previous week as eight equities depreciated in price, lower than 28) equities in the previous week, while one 100 remained unchanged, lower than 103 equities recorded in the preceding week.

A total turnover of 1.718 billion shares worth N18.849 billion in 26,367 deals were traded in the week by investors on the floor of the Exchange, in contrast to a total of 926.418 million shares valued at N9.768 billion that exchanged hands last week in 20,910 deals.

The Financial Services industry (measured by volume) led the activity chart with 1.273 billion shares valued at N11.362 billion traded in 13,808 deals; thus contributing 74.08 per cent and 60.28 per cent to the total equity turnover volume and value respectively.

The Industrial Goods industry followed with 102.377 million shares worth N3.194 billion in 2,956 deals. The third place was the Healthcare industry, with a turnover of 99.620 million shares worth N493.348 million in 1,194 deals.

Trading in the top-three equities namely Zenith Bank Plc, Access Bank and FBN Holdings Plc. (measured by volume) accounted for 673.104 million shares worth N6.803 billion in 5,927 deals, contributing 39.18 per cent and 36.09 per cent to the total equity turnover volume and value respectively.

A total of 7,251 units ETPs valued at N42.007 million were traded in the week in 15 deals, compared with a total of 146,484 valued at N7.397 million transacted last week in 13 deals.

A total of 12,809 units of Bonds valued at N13.170 million were traded this week in 18 deals compared with a total of 7,878 valued at N9.070 million transacted last week in 12 deals.